Calculating present and future values Use future or present value techniques to solve the following problems. a. If you inherited $35,000 today and invested all of it in a security that paid a 12 percent rate of return, how much would you have in 25 years? Round the answer to the nearest cent. Round FV-factor to three decimal places, Calculate your answer based on the FV-factor. Calculate your answer based on the financial calculator. b. If the average new home costs $230,000 today, how much will it cost in 12 years if the price increases by 6 percent each year? Round the answer to the nearest cept. Round FV-factor to three decimal places. Calculate yoot answer based on the FV-factor $ Calculate your answer based on the financial calculator c. You forecast that in 9 years it will cost $249,000 to provide your child a 4-year college education. Wil you have enough you take $81,000 today and invest it for the next 9 years at 8 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. 8. you will have approximately $ set than your estimate of $249,000. d. If you can earn 9 percent, how much will you have to save each year if you want to retire in 30 years with $1.4 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor Calculate your answer based on the financial calculator