If you inherited $60,000 today and invested all of it in a security that paid a 9 percent rate of return, how much would you have in 15 years? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor.

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Calculate your answer based on the financial calculator.

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If the average new home costs $235,000 today, how much will it cost in 13 years if the price increases by 4 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.

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Calculate your answer based on the financial calculator.

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You forecast that in 12 years it will cost $244,000 to provide your child a 4-year college education. Will you have enough if you take $84,000 today and invest it for the next 12 years at 8 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. -Select-YesNoItem 5 , you will have approximately

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-Select-morelessItem 7 than your estimate of $244,000. If you can earn 9 percent, how much will you have to save each year if you want to retire in 40 years with $2 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor.

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Calculate your answer based on the financial calculator.

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