a.How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate is 9%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) b.Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $15,000 when you graduate?(Round your answer to 2 decimal places.) c-1.Calculate the future value of an investment of $463 for 10 years earning an interest of 9%. (Round your answer to 2 decimal places.) c-2.Would you rather have $463 now or $1,000 ten years from now?

Now

Ten years from now

d.Assume that a college parking sticker today costs $90. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years?(Round your answer to 2 decimal places.) e.Assume that the average price of a new home is $158,500. If new homes are increasing at a rate of 10% per year, how much will a new home cost in eight years?(Round your answer to 2 decimal places.) f.An investment will pay you $10,000 in 10 years, and it will also pay you $400 at the end of each of the next 10 years (years 1 thru 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your answer to nearest whole dollar.) g.A college student is reported in the newspaper as having won $10,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $10 million now. Instead she will receive $500,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value (todays amount) that she won? (Ignore taxes.)