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a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual interest rate is 8%. PV of

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a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual interest rate is 8%. PV of $1. FV of $1. PVA of S1, and EVA of $1 (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar) Present value b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 7% on your investments, how much would you have to deposit today to have $10,000 when you graduate? (Round your answer to 2 decimal places.) Present value c-1. Calculate the future value of an investment of $486 for eleven years earning an interest of 8% (Round your answer to 2 decimal places.) Future value c-2. Would you rather have $486 now or $1,000 eleven years from now? Now Eleven years from now d. Assume that a college parking sticker today costs $60. If the cost of parking is increasing at the rate of 4% per year, how much will the college parking sticker cost in nine years? (Round your answer to 2 decimal places.) Future value e. Assume that the average price of a new home is $100,000. If new homes are increasing at a rate of 9% per year, how much will a new home cost in nine years? (Round your answer to 2 decimal places.) Future value

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