Future Value Years Interest Rate Present Value $349 10 6% $5,227 20 2% $48,950 12 12% $612,511 7 10% 2. Given the above data, calculate the present value in each case. (Using the formula and also a financial calculator). 3. Given the following data, solve for the interest rate in each case. (Use a financial calculator) Present Value Years Future Value Interest Rate $475 4 $615 $7,350 7 $18,350 $27 175 11 $65,000 $93.412 19 $200,000 4. Given the following data, solve for the number of years in each case. (Use a financial calculator). Present Value Interest rate Future Value Years $1,200 8% $2,590.71 $16,310 12% $20,459.26 $75,000 3% $182,044.69 $183,650 9% $308,000 5. You expect your newly born child to attend college in 18 years. You have $12,000 to set aside for that purpose. You also expect that the total cost of college education to be $100,000 by that time. Calculate the interest rate at which you have to invest today to achieve your goal. 6. How long does it take to double your money at 9 % interest rate