Use formulas that reference data from this worksheet and from the appropriate future or present value tables (found by clicking the tabs at the bottom of this worksheet). Required: a. How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate Future $ $60,000 Interest rate: Years 9% is 9% 1 Present value 2 3 4 b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% Interest rate on your investments, how much would you have to deposit today to have $15,000 when you graduate? Future $ Years 8% $15,000 2 15 16 Present value 17 18 C-1. Calculate the future value of an investment of $463 for 10 years earning an interest of 9%. Investment $463 Years Interest rate 10 9% 19 20 Future value 21 22 c-2. Would you rather have $463 now or $1,000 ten years from now? 23 24 Would you rather have $463 now or $1,000 ten years from now? 25 26 d. Assume that a college parking sticker today costs $90. If the cost of parking is increasing at the 27 rate of 5% per year, how much will the college parking sticker cost in eight years? Current $ Interest rate $90 Years 5% 28 29 Future value 10 4 < Workbook Statistics Future Value of $1 B Future Value of Annuity of $1 A Present Value of Annuity of $1 B Graded Worksheet Calculation Mode: Automatic +