Use future or present value techniques to solve the following problems. a. If you inherited $65,000 today and invested all of it in a security that paid a 12 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 $215,000 today, how much will it cost in 11 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 11 years it will cost $241,000 to provide your child a 4-year college education. Will you have enough if you take $84,000 today and invest it for the next 11 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 $241,000. d. If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA.factor. 5 d. If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1 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 $