Question: 1. Marcus is saving $200 each month in mutual funds that have an average APR of 78%. He plans to do so for 25 years.

1. Marcus is saving $200 each month in mutual funds that have an average APR of 78%. He plans to do so for 25 years. (a) What is the future value of Marcus' savings plan? (b) How much of the future value is interest? (c) How much money would Marcus have if he saved for 35 years instead of 25? (d) What advice might you give a friend, your child, yourself based on the results above? Explain

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