Financial Planning Exercise Calculating present and future values Use future or present value techniques to solve the following problems a. Starting with $5,000, how much will you have in 16 years if you can earn is percent on your money? Round the answer to the nearest cent. Round PV-tector to three decimal places Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator $ If you can earn only 6 percent Round the answer to the nearest cent Bound PV.factor to three decimal places Calculate your answer based on the FV-factor, . Calculate your answer based on the financial care f you interited 130.000 today and invested all of kna vecantat pada percentre of retum, now much you have in ser and the emer te parent and Calculate your answer based on the FV.factor 3 Calculate your answer based on the financial calculator $ If the average new home costs $225,000 today, how much we it cost in 8 years in the price increases by 5 percent each year round the newer to the eartcent And TV corta thrwe decimal places Calculate your answer based on the FV-factor. Calculate your answer based on the financial calculator d. You think that in 13 years, it will cost $210,000 to provide your child a 4-year college education. Will you have enough you take $77,000 today and invest it for the next 13 years at 7 percent Round the answer to the nearest cent. Round FV-factor and PVA factors to three decimal places. se. you will have approximately $ than your estimate of $210,000. If you start from scratch, how much will you have to save each year to have $210,000 in 13 years if you can earn a 7 percent rate of return on your investments? Calculate your answer based on the FVA-factor Calculate your answer based on the financial calculator, . If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 milion Round the numer to the nearest cent. Round FVA-ractor to three decimal places Calculate your answer based on the FVA-factor. Calculate your answer based on the financial calculator You plan to have $1,100,000 in savings and investments when you retire at age 65. Assuming that you can an average of 7 percent on this portfolio, what is the maximum annan withdrawal you can make over a 30-year period of retirement? Round the answer to the nearest cont. Round PVA-factor to three dedmal places Calculate your answer based on the PVA-factor. Chiolate your answer based on the financial calculator