1. You've landed your first job out of college and they are paying you money like you've never seen before! So, you have decided to buy a new car at the end of next two years. Your graduation money has totaled $10,000 and the car you like is priced at $28,000. How much of your paycheck will you need to put away at the end of each month in an 8.85% account that compounds on a monthly basis?