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please answer both Today is Janet's \\( 23^{\\text {rd }} \\) birthday....

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Finance

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Today is Janet's \\( 23^{\\text {rd }} \\) birthday. Starting today, Janet plans to begin saving for her retirement. Her plan is to contribute \\( \\$ 3,000 \\) to a brokerage account each year on her birthday. Her first contribution will take place today. Her \\( 42^{\\text {nd }} \\) and final contribution will take place on her \\( 64^{\\text {th }} \\) birthday. Her aunt has decided to help Janet with her savings, which is why she gave Janet \\( \\$ 20,000 \\) today as a birthday present to help get her account started. Assume that the account has an expected annual return of 8 percent. How much will Janet expect to have in her account on her \\( 65^{\\text {th }} \\) birthday? Round your answer to a whole dollar; for example 2345. Your Answer: Answer Question 5 (2 points) You are negotiating to buy a new car with a car salesman at a local dealer. You have negotiated the price to \\( \\$ 32,000 \\). You have \\( \\$ 3,000 \\) to put towards the down payment and plan to get a loan for the rest. If you can get an annual interest rate of 5 percent APR (with monthly compounding) over a 5 -year period, what would be your monthly payment? Round it to two decimal place (cents), e.g. 234.56

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