Calculating Present Values ILO2] Suppose you are still committed to owning $245,000 Ferrari (see Problem 9). If you believe your mutual fund can achieve a annual rate of return of 11.2 percent and you want to buy the car in 9 years (on th day you turn 30), how much must you invest today? 17. lulating Future Values ILO1] You have just made your first $5,500 contribu