Can you please help with the answers. Ignore filled blanks
Calculating present and future values Use future or present value techniques to solve the following problems. a. Starting with $8,000, how much will you have in 8 years if you can earn 15 percent on your money? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ 24472.182 Calculate your answer based on the financial calculator. $ 24,472.182 If you can earn only 6 percent? Round the answer to the nearest cent. Round FV-factor Calculate your answer based on the FV-factor. $ 12,750.785 Calculate your answer based on the financial calculator. $ 12.750.785 b. If you inherited $65,000 today and invested all of it in a security that paid a 13 percent rate of return, how much would you have in 30 years? Round the answer to the nearest cent. Round FV-factor three decimal places. Calculate your answer based on the FV-factor. $ 2542533.367 Calculate your answer based on the financial calculator. $ $-2,542,533. c. If the average new home costs $300,000 today, how much will it cost in 14 years if the price increases by 7 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. $ 773,560.245 Calculate your answer based on the financial calculator. three decimal places. $-773,560.245 d. You think that in 11 years, it will cost $227,000 to provide your child a 4-year college education. Will you have enough if you take $70,000 today and invest it for the next 11 years at 7 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. No, you will have approximately $ 79660 less than your estimate of $227,000. If you start from scratch, how much will you have to save each year to have $227,000 in 11 years if you can earn a 7 percent rate of return on your investments? Calculate your answer based on the FVA-factor. $147339.637 Calculate your answer based on the financial calculator. $ -147,339.637 e. If you can earn 3 percent, how much will you have to save each year if you want to retire in 35 years with $1.8 millions? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor. $ 29770.725 Calculate your answer based on the financial calculator. $ -5,064,952.4: f. You plan to have $500,000 in savings and investments when you retire at age 67. Assuming that you earn an average of 12 percent on this portfolio, what is the maximum annual withdrawal you can make over a 25-year period of retirement? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor. $ Calculate your answer based on the financial calculator. $
