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Fill in the areas in red then work on the question Enter your age here:...

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Fill in the areas in red then work on the question Enter your age here: What time is it right now 30 years 20 mins Jinhee Ju, who just turned She is eligible to participate in her employer's retirement plan to which the employer matches dollar-for-dollar workers' contributions up to 12% percent of salary. However, inhee wants to buy a new $42,000 sports car in 3years and she wants to save enough money to make a $12,000 down payment on the car and finance the balance. Also in her plans is a wedding inhee and her boyfriend, Paul have set a wedding date 7 years in the future, after he finishes medical school. Paul will also have $210,000 of student loans to repay after graduation. But both Jinhee and Paul want to buy a home of their own as soon as possible. This might be possible because at age 37 Jinhee will now be eligible to access a $ 34,000 trust fund left to her as an inheritance by her late grandfather. Her trust fund is invested in 6% government bonds. Questions Instructions: Answer in the space provided below each question 1. Justify Jinhee's particpation in her employer's retirement plan using the time value of money concepts Written answer here

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