Show COMPLETE, THOROUGH, NEATLY-ORGANIZED & WELL- STRUCTURED ALGEBRAIC WORK for the following problems. (Use back of the page or additional sheets if necessary. *10 points each) 1. You are offered two jobs. One initially pays $25,000 / year, and your salary will grow annually at 10%. The other pays $22,000 / year, but your salary will grow at 12%. After 10 years, which job pays the higher salary? (Answer in three c. Conclusion ) b. Job 2, separate parts: a. Job 1, If you can save $1,500 annually, how much will you have accumulated after 4 years if the fund earns 7 percent a year? 2. 3. You borrow $100,000 to buy a house; if the annual interest rate is 6% and the term of the loan is 20 years, what is the annual payment required to retire the mortgage loan? 4. You are buying a $35,000 car with 20% down, no sales tax, and by financing the balance for 5 years. If interest is 4.5% and monthly payment is $550, is this a good deal or bad deal? i.e. Are you paying more than you owe? Prove your point by showing how you arrived at your conclusion. 5. If the stock you bought at the beginning of 2007 for $65 per share grew to $126 by the end of 2012, what is the annualized rate of return (geometric average) of your stock during this period