Place your answer in the corresponding green answer cell for each question. The answer cell must contain a formula that references one or more cells in the work box or -- no hard-coded numbers in the answer cell or the cell it references. AND do not delete rows or columns Question 7. You want to have $35,000 in cash to buy a car 3 years from today. You expect to earn 3.6 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose? 8. Assume the total cost of a college education will be $325,000 when your child enters college in 16 years. You presently have $40,000 to invest and do not plan to invest anything further. What annual rate of interest must you earn on your investment to cover the entire cost of your child's college education