1. Mary would like to save $10,000 at the end of 5 years for a future down payment on a car. 
   2. How much should she deposit at the end of each month in a savings account that pays 1.2%/a, compounded monthly, to meet her goal?
   4. If you currently have a part-time job, consider your hourly wage. If you do not have a job, use the minimum hourly wage in your jurisdiction. How many hours each month would you have to work, just to make those payments? Write a brief reflection on the advantages and disadvantages to long-term saving for a purchase, compared to borrowing a large sum of money and paying it off over time. Note that interest rates for savings accounts are always lower than interest rates for borrowing.