Remember to include time lines with all problem solutions, e.g. Time Line A is equivalent to Time Line B. Show your work. We are more interested in how you solve the problem than the numerical answe 1) You make a loan to a friend. By mutual agreement, your friend wll repay the loan over two years at a monthly compound interest rate of 0.8 % (1 0.008). How much did you loan your friend if the payments are S 200/month? 2) You are in the market for a used car. You find one you like and agree on a purchase price of $11,000. You make a down payment of $750 and finance the balance at an APR of 12 % over 36 months. What is your monthly payment? 3) You still have a goal of retiring 40 years from now with $2,000,000 in your investment account. Your plan is to make equal annual deposits at the end of years 5-30. If your investment account earns 12 % compounded annually, how much are you depositing in your investment account at the end of years 5-30? 4) You have looked at your expected income and expenses and have come up with the following time line for funding your retirement (the goas sl $2,000,000 in the account 40 years from now). What is the value of X assuming your investments earn 12 % compounded annually? End of Yr 0 1 9 10 X X X Xx 1 12 3 141516718 19 20 End of Yr 2X 2X 2X 2X 2X 2.5X 2.5X 2.5 2.5X 2.5X 21 22 23 24 25 2627282930 End of Yr 2.5X 2.5X 2.SX 3X 3X 3X 3X 3X 3X End of Yr 31 32 33 34 3536 3738 39 40