ZOOM + 3. Suppose Mark Giardino also wants a fishing boat that will cost $350,000 when he retires in 5 years, and he invests quarterly over the next 5 years, for an annual interest of 12%. If the interest compounds quarterly, what payment will he need to make each quarter to reach his goal? 4. Iqra, Inc. issues a $1,000,000, 7% bond due in 10 years with interest payable each year. The current market rate of the bonds is 8%. What is the issue price of the bonds? 5. Stephanie Walton will invest $5,000 a year for 20 years in a fund that will earn 12% annual interest. How much will be in the fund in 20 years