Practice problem El You have decided to start your own firm. Being prudent, you want to have enough money sayed to use for living expenses for two years before you quit. You can currently put away $45,D a year. You know that you will have living expenses of S?5, a year for each of the two years [paid at the end of the year, simplifying assumption]. You would like to quit in three years. If you put $45,0 into an account bearing 5% PA interest each of the next two years, how much must you put into the account at the end of Year 3 so that you can quit? Practice problem 0 Along with your new car in five years, you have decided to buy a new house now. Current mortgage rates are 4% PA and you have decided to finance the house for 30 years. The house you want is $860,000, and you are able to finance 80% of that. How much will your monthly payment be?Practice problem 0 You are saving for a new car and have calculated that you will be able to make five payments before you need to buy the car. Your stock market account is expected to earn 8% each year, and you will need $45,000 to buy the car you want. How much must you save each year to buy the car at the end of five years