4. Suppose you could save $150 a month for the next 35 years. If you could invest this in a retirement account earning 3.4% interest a) How much would you have in 35 years when you retire? How much interest did you earn? b) Fill in the following information into the Personal Financial Statement table provided below. Be sure to calculate the total assets, total liabilities and your net worth. You have $1366.87 in your checking and $3279.92 in savings accounts. You have bonds totaling $4000, your personal property totals $12,500, $21000 in a 401k plan from employment and a house worth $120000 in the current market. You have $4950 owed on your credit card and $5200 in debt to other accounts. You estimated taxes are $6485 for the year and still owe $42750 on your mortgage. You have a total of $15,800 in other assets. Personal Financial Statement Amount in Dollars Assets Cash - Checking Cash - Saving Certificates of Deposit Securities - stocks/bonds/mutual funds Life Insurance (cash value) Personal Property Retirement Funds (IRA, 401k) Real Estate (market value) Other Assets Total Assets Amount in Dollars Liabilities Current Debt (credit cards, accounts) Notes Payable Taxes Payable Real Estate Mortgage Other Liabilities Total Liabilities Net Worth