Question: Use future or present value techniques to solve the following problems. (Note: You can use tables or a financial calculator. If you use a calculator,

Use future or present value techniques to solve the following problems.

(Note: You can use tables or a financial calculator. If you use a calculator, please provide the inputs you used to solve the problems.)

a. If you invested 10,000 in a CD (certificate of deposit) paying you 5% per year, what would be the value of your CD at the end of 5 years? b. If you won $250,000 today and invested all of it in a security that paid an 8% rate of return, how much would you have in 20 years? c. If you bought a new home today valued at $300,000, what will be its value in 10 years if inflation is 3% per year? d. If you can earn 8% per year on your retirement account, how much will you have to save each year if you want to retire in 20 years with $1 million?

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