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FICH UN an adult Hulle le ule Sune Concept 5. Word problems: a. You plan to invest $2,500 in 3 years when you graduate. Assuming

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FICH UN an adult Hulle le ule Sune Concept 5. Word problems: a. You plan to invest $2,500 in 3 years when you graduate. Assuming you earn 8.2% per year, calculate how much you will have 13 years from now. b. You will invest $6,000 today and another $6,000 in 3 years. Assuming an interest rate of 9.7%, calculate how much you will have in total in 10 years. c. Assume that a college education cost $4,000 per semester 40 years ago, and that inflation has averaged 2.7% per year over those 40 years. Calculate the expected cost of a semester for a college education today. d. You want to have $40,000 in 11 years. Assuming you can invest your money at 8.3%, calculate how much you must invest today. e. Continued from question d.] You want to have $40,000 in 11 years. Assuming you can invest your money at 9.1% instead of 8.3%, calculate how much more or less money you must invest today

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