Solve the following problems.

Joe-Bob and Esmeralda are in love. Unfortunately, love is blind, and the flower of Esmeralda's youth is about to wither under the crushing burden of Joe-Bob's poor financial choices and lack of impulse control. Suppose Joe-Bob cleans out Esmeralda's $16,000 mutual fund (which earns 5.7% compounded quarterly) and spends 4 days on a bender in Vegas. How much would Esmeralda's mutual fund have been worth after 10 years if Joe-Bob had not blown it all on booze and slot machines? A Answer should be accurate to two decimals. When you begin your new job, your employer says they will match any 401k deposits you make by 50% up to 5% of your overall salary annually. When you start your new job as a college grad, you will make $54000 per year and you decide to take full advantage of the matching by depositing 5% of your monthly salary every month. a) How much will YOU be depositing in the 401k each month from your salary? Sl 225 v b) How much will YOUR EMPLOYER be depositingin the 401k each month? S 112.5 v c) How much TOTAL will be deposited into your 401k each month? S 337.5 vt d) How much will you have in the account in 25 years if it pays 7.9% APR? n a N N ~ ~ N D X ) How much total money will you put into the account after 25 years? S| 67,500 v| o f) How much total will the employer have put into the account after 25 years? S| 33,750 v| o g) How much total interest will you earn? S| 421,167.26 I h) If you choose NOT to take advantage of depositing money into the 401k because you feel you need that money to pay bills now, how much money will you be losing from your employer and interest over the 25 years? S| 454,917.26 I For the compound interest loan whose terms are given below, find the principal required to reach the given future value at the end of the specified time. $4700 Compounding: Monthly Principal: $ For the compound interest loan whose terms are given below, find the principal required to reach the given future value at the end of the specified time. $4700 Compounding: Monthly Principal: $