Last year Marcel graduated from high school and received several thousand dollars as a graduation gift. Marcel is now in his first year of college. He just heard of a guy that invested in an Internet company and made a huge profit in a few months. Marce idea of making some money fast and is considering investing his graduation gift mo Internet stock. Marcel's roommate, Luc, just finished a personal finance course and that Marcel may be getting himself into trouble. Luc learned that Marcel has run up credit card bill and has trouble balancing his budget on a monthly basis, because Ma spend his entire paycheck each week. In addition, Marcel really doesn't know much investing or how people actually "make money investing. " Luc has asked you to hel through the following questions so that he can talk to Marcel about his investment p Questions: 1. If Marcel invested $3,000 at the beginning of each year in his IRA and his invest 10 percent per year, what would be his nominal account balance at the end of 30 yea would be his inflation-adjusted balance, assuming inflation of 3.5 percent? Use the Returns Calculator" to determine the answer. 2. If Marcel was in the 15 percent tax bracket and he withdrew enough money at the each year to deplete his entire account from question 1 in 25 years, how much could per year if the account continued to earn 6 percent? How much would the withdraw after taxes were paid, assuming all earnings were taxable as ordinary income? Use a calculator or the factor tables to determine the answer. 3. If Marcel was in the 15 percent tax bracket and instead of investing his money in advantaged account, he simply invested $3,000 at the beginning of each year in a ta earning 10 percent per year, what would be his nominal account balance at the end What would be his inflation-adjusted balance, assuming a 3.5 percent inflation rate? "Investment Returns Calculator" to determine the answer. 4. If Marcel was in the 15 percent tax bracket and he withdrew enough money at the each year to deplete his entire account from question 3 in 25 years, how much could if the account continued to earn 6 percent? How much would the withdrawal be wor were paid, assuming all earnings were taxable as ordinary income in the year earned financial calculator or the factor tables to determine the