Starting today, all three open an investment account with $2,000. Please answer the following questions for each person, Justin, Hema and Vanessa. Assume monthly compounding. 1. In what year will each person have the $100,000 to purchase a residence? eg. Year 5, Year 6, Year 10, Year 15, etc.) 2. Explain the long-term cash flow advantage that the first person to accumulate a down payment will have? (requires thought; hint: transitioning from rent: payments to mortgage payments)