Please note that Juan Carlos also has a savings account with 2% APR Compounded monthly for each of these problems, so each one should have that in the formula. If you can show me how you got each answer and show the formulas used I would appreciate it. Thank you.

answer. 1. Will Juan Carlos meet his $4,000 goal for every year in college with this plan? Explain your Savings Plan #2 Juan Carlos works 40 hours/week in the summer but 0 hours/week during the school year, so he can focus on his studies. 2. What would his savings rate need to be to accomplish his goal of contributing $4,000 a year towards his college education? Explain your answer. 3. Based on Juan Carlos' saving history, is it realistic for Juan Carlos to save that percentage of his income? Why or why not? Savings Plan #3 Juan Carlos works 20 hours/week during the summer, 0 hours/week during the school year, but saves 100% of his income. 3. Will Juan Carlos meet his savings goal with this plan? Explain your answer. Juan Carlos seemed so lost a week ago when his Mom told him about her financial expectations for his college years. Now, supported by Sa