Use future or present value techniques to solve the following problems. a. If you inherited $90,000 today and invested all of it in a security that paid a 6 percent rate of return, how much would you have in 15 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 $325,000 today, how much will it cost in 8 years if the price increases by 6 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 9 years it will cost $235,000 to provide your child a 4-year college education. Will you have enough if you take $75,000 today and invest it for the next 9 years at 6 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. -Select- , you will have approximately -Select- than your estimate of $235,000. d. If you can earn 9 percent, how much will you have to save each year if you want to retire in 40 years with $1.2 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. Use future or present value techniques to solve the following problems. a. If you inherited $90,000 today and invested all of it in a security that paid a 6 percent rate of return, how much would you have in 15 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 $325,000 today, how much will it cost in 8 years if the price increases by 6 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 9 years it will cost $235,000 to provide your child a 4-year college education. Will you have enough if you take $75,000 today and invest it for the next 9 years at 6 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. -Select- , you will have approximately -Select- than your estimate of $235,000. d. If you can earn 9 percent, how much will you have to save each year if you want to retire in 40 years with $1.2 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