Q1) You invest $3,859 at the beginning of every year and your friend invests $3,859 at the end of every year. If you both earn an annual rate of return of 03.00%. a) how much will you have in your account after 15 years? b) How much will your friend have in his account? Q2) You currently have $3,393 in a retirement savings account that earns an annual return of 06.00%. You want to retire in 42 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal? Q3) You currently owe $3,476 to your credit card that charges an annual interest rate of 19.00%. You make $148 of new charges every month and make a payment of $263 every month. What will your credit card balance be in three months? Q4) You would like to retire in 34 years. The expected rate of inflation is 05.00% per year. You currently have a standard of living that requires $8,365 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? Q5) You purchases a house for $362,074. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 04.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment