6. Calculating present and future values. Use future or present value techniques to solve the following problems. a. If you inherited $45,000 today and invested all of it in a security that paid a 7 percent rate of return, how much would you have in 25 years? b. If the average new home costs $275,000 today, how much will it cost in 10 years if the price increases by 5 percent each year? c. You forecast that in 15 years, it will cost $190,000 to provide your child with a 4-year college education. Will you have enough if you take $75,000 today and invest it for the next 15 years at 4 percent? d. If you can earn 4 percent, how much will you have to save each year if you want to retire in 35 years with $1 million