uture or present value techniques to solve the following problems. a. If you inherited $70,000 today and invested all of it in a security that paid a 6 percent rate of return, how much would you have in 20 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 cotta $325,000 today, how much will be cost in 9 years of the price increases by 3 percent each year? Round the answer to the neares cent. Round FV-factor to three decimal places, Calculate your answer based on the FV-factor 5 Calculate your answer based on the financial calculator. you forecast that in 11 years it will cost $249,000 to provide your child a 4 year college education. Will you have enough if you take $70,000 today and investit for the mate1 years at percent Round the answer to the nearest cent. Round FV.factor and FVA factors to three decimal places See you will have approximately Select than your estimate of 1249,000 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 millon7 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 $