PLEASE HELP FAST WITH C-D Jinhee Ju. 27, just received a promotion at...

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PLEASE HELP FAST WITH C-D

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Jinhee Ju. 27, just received a promotion at work that increased her annual salary to $40,000. She is eligible to participate in her employer's 401(k) plan, to which the employer matches dollar-for-dollar workers' contributions up to five percent of salary. However, Jinhee wants to buy a new $23,000 car in 5 years, and she wants to save enough money to make a $5,000 down payment on the car and finance the balance. Also in her plans is a wedding. Jinhee and her boyfriend, Paul, have set a wedding date 2 years in the future, after he finishes medical school. Paul will have $100,000 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 30, Jinhee will be eligible to access a $47,000 trust fund left to her as an inheritance by her late grandfather. Her trust fund is invested in 8 percent government bonds. c. What will be the value of Jinhee's trust fund at age 70, assuming she takes possession of half the money at age 30 for a house down payment, and leaves the other half of the money untouched where it is currently invested? If Jinhee leaves half the money in her trust fund when she receives it at age 30, the value of the trust fund when she is age 70, assuming that she continues to earn the current rate of return, will be $ (Round to the nearest cent.) d. What is Paul's annual payment if he wants to repay his student loans completely within 12 years and he pays a 6 percent interest rate? If Paul wants to repay his loans within 12 years, at a rate of 6 percent, his annual payment would be $ . (Round to the nearest cent.) If Paul wants to repay his loans within 12 years, at a rate of 6 percent, and the loans compound interest on a monthly basis, his monthly payment would be $ (Round to the nearest cent.) (Select from the drop-down menu.) Paying the loan on a basis would result in an interest savings of $ (Round to the nearest cent.)

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