Part IV: Calculating present and future values Use future or present value techniques to solve the following problems. 1. Starting with $15,000, how much will you have in 10 years if you can earn 6 percent on your money? If you can earn only 4 percent? 2. 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? 3. 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?|