9. 5 You would like to start saving for retirement. Assuming you are now 22 years old and you want to retire at age 60 , you have 38 years to watch your investment grow. You decide to invest in the stock market, which you expect it to earn about 10% per year into the future. You decide to invest $200 at the end of each month for the next 38 years (456 months). Calculate your accumulated investment at the end of 38 years. (Round to nearest whole dollar) $ You want to buy a $32,000 car today, but you don't have the cash to buy it. The dealership is offering to loan you the money at 7% interest with payments made monthly for the next six years. If you choose to buy the car, what is your monthly car payment (round to nearest dollar)? $ You want to start saving now so you have cash to buy a $28,000 car in four years. You can earn 9% interest on your monthly payments. How much must you save each month to achieve your $28,000 goal in 4 years (round to nearest dollar)? $ You decide to save $250 every month for the next five years so you can start a small business. You are investing the money and can earn 6%. How much will you have saved by the end of the five years (round to nearest dollar)? $ You won $50,000 from a scratch-off lottery ticket. You decide to invest the monry so you have a down payment for a home in 3 years. Your expected annual return is 10%; how much will you have for a down payment in 3 years (round to nearest dollar)