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

A. If you inherited $100,000 today and invested all of it in a security that paid a 7 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 $270,000 today, how much will it cost in 11 years if the price increases by 7 percent each year? 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.

$ ______________

C. You forecast that in 11 years it will cost $244,000 to provide your child a 4-year college education. Will you have enough if you take $82,000 today and invest it for the next 11 years at 8 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. -Select-(Yes or No), you will have approximately $ ______________

-Select-(more or less) than your estimate of $244,000.

D. If you can earn 3 percent, how much will you have to save each year if you want to retire in 30 years with $1.6 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.

$ ____________