i need questions 4,5,6a,b,c,d,11

4. Ben Collins plans to buy a house for $220,000. If the real estate in his area is expected to increase in value 2 percent each year, what will its approximate value be Page 25 seven years from now? (L012 ) 5. What would be the yearly earnings for a person with $8,000 in savings at an annual interest rate of 15 percent? (L013 ) 6. Using a financial calculator, Excel, or the time value of money tables in the chapter appendix . calculate the following: (LOI ) a. The future value of SS50 six years from now at 7 percent b. The future value of S700 saved each year for 10 years at percent c. The amount a person would have to deposit today (present value) at a 5 percent interest rate to have $1.000 five years from now d. The amount a person would have to deposit today to be able to take out S500 a year for 10 years from an account earning percent 7. If you desire to have S10.000 for a down payment for a house in five years, what amount would you need to deposit today Assume that your money will earn 4 percent (L01.30 8. Pete Morton is planning to go to graduate school in a program of study that will take three years, Pete wants to have $8.000 available each year for various school and living expenses. If he earns 3 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $3.000 a year for three years LOL 9. Carla Lopez deposits 53.000 a year into her retirement account If these funds have average earnings of 7 percent over the 40 years until her retirement, what will be the value of her retirement account? (L01.39 10. If a person spends S10 a week on coffee (assume $500 a year, what would be the future value of that amount over 10 years if the funds were depouited in an account earning 3 percent? (L01.39 11. A financial company that advertites on television will pay you 500.000 now for annual payments of S10,000 that you are expected to receive for a legal settlement over the next 10 years. If you estimate the time value of monet at 10 percent would you becept the offert KL013 12