The bet worth is $82000 I just need help with the endowment part

First, describe the major differences between an income statement and a balance sheet statement. Then. assume that the household of Rosemarie and Dan has the following set of assets and liabilities at the end of the year, 2018: Mortgage loan ($125,000); Credit card debt ($2,000): Car loan ($16,000); House ($150,000): Stocks and bonds ($25,000); Cash and checking accounts ($4,500): Furniture & Furnishings ($4,500); Books, computers, paintings & Jewelry ($5.000); Savings deposit ($11,000): Car ($55,000). (i) CONSTRUCT their balance sheet statement for the end of 2018; (ii) determine their net worth at the end of the year and (iii) indicate how they can RAISE their net worth for the following year. (30 marks) Now suppose that YOU have an initial endowment equivalent to an amount of THE NET WORTH calculated in question (i) above. If the current market interest rate is 3% and is expected to remain at this level for a long time, what will be the expected value of your initial endowment at the end of two years? What is the value for fifteen (15) years? What is the value for twenty-five (25) years? Why are the expected values different for the different periods even though the interest rate remains the same? Explain carefully. (10 marks]