Scenario 2 - You want to build a deck on the back of your house for entertaining. After some research, you find that you will need to borrow $18,000 from the bank with the following terms: 5-year loan at 2.4% interest compounded quarterly. Calculate the total amount you would pay back to the bank. Use this to calculate your monthly payment. Scenario 3 - At the time of their birth, you decide to open a savings account to save for your child's college education. After some research, you decide to base your savings plan on the data you found on collegetuitioncompare.com which suggests that an average year of college in Kentucky consists of: $6000 in tuition, $1321 in books and supplies, and room/board cost of $12,137. Determine the following: (a) The average total cost of tuition, books/ supplies, and room/board for a year of college in KY, (b) how much it would cost to attend for four years, and (c) the amount of money you would need to invest per month at 6% interest compounded quarterly to have enough to pay for four years of college for your child. (d) How much interest would the account earn in 18 years