Enter Answers Correct Answers 2 points Each Question (10 Points Total) Below Below Q1) You invest $3,710 at the beginning of every year and your friend nvests $3,710 at the end of every year. If you both earn an annual rate of return of 13.00%. a) how much will you have in your account after 26 years? FIRST NAME LAST NAME b) How much will your friend have in his account? Q2) You currently have $1,054 in a retirement savings account that earns an annual return of 07.00%. You want to retire in 46 years with $1,000,000. INSTRUCTIONS How much more do you need to save at the end of every year to reach your retirement goal? Q3) You currently owe $3,158 to your credit card that charges an annual Interest rate of 16.00%. You make $114 of new charges every month and make a payment of $158 every month. What will your credit card balance be in three months? When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a Q4) You would like to retire in 17 years. The expected rate of inflation is calculated number for further calculations, DO NOT round until after all calculations have been 05.00% per year. You currently have a standard of living that requires completed. For the final answer, Round to 2 decimal places. $6,164 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? Q5) You purchases a house for $430,335. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 05.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment