Answer questions and turn them in on a separates heet of paper FROM THE TEXT: 3D: 11-14, 17-26. 4A: 13,14, 25-27, 31, 32 1. For this problem you will need to research the costs of several quantities or make some reasonable assumptions. This question is slightly open ended, because it's up to you to determine what must be factored into the college students budget. I've proposed income sources of part-time job and quarterly scholarship, but you may think to include income from summer jobs, gifts, etc. Similarly for expenses you may think to include cost of utilities, clothing, etc. I expect to see at least one more source each of income and expenses than I proposed, but I encourage you to go further and be as complete as possible Find the net cash flow for an average college student (a) List all sources of income including, but not limited to, a quarterly scholarship and a part-time job. (b) Find the prorated monthly income of the college student (c) List all sources of expenses including, but not limited to, quarterly tuition, quarterly books, food, and monthly rent (d) Find the prorated monthly expenses of the college student. (e) Find the net cash flow per month. 2. Every work day Louis drives 20 miles round trip for work. Every other weekend Louis visits family 100 miles away. Louis drives a car which gets 20 mi/gal. Assume for the year gas costs $3.20 per gallon. (a) How much per year does Louis spend on driving (cost of gas for driving)? (b) What is the prorated monthly cost of driving? (c) How much would Louis save over 5 years if Louis had a car which got 30 miles to the gallon? 3. You invest $1000 dollars in a CD which gives yearly simple interest of 2.5%. How many years would it take 4, You invest $1000 dollars in a CD which has an interest rate of 1% compounded yearly. How much will you make from this investment after 5 years? 5, A certain CD offers an annual interest rate of 2% which is compounded quarterly for your investment to double? (a) What is the Annual Percentage Yield (APY) of the CD? (b) How much will you make from an investment of $1000 dollars over 5 years? 6. You invest a principle of $6800 into an account with an annual interest rate of 3.3% which is compounded monthly (a) What is the Annual Percentage Yield (APY) of this investment? (b) How much will you make from this investment over 12 years? 7, which has a higher APY: APR of 4% compounded quarterly or APR of 4% compounded daily