ll Financial Planning Problems are available in MyFinanceLab caloulator is recommended for Problems 4, 8, 11 at FINANCIAL PLANNING PROBLEMS , 12, 14, and 15. Th ended for Problems 4, 8 11, 12, 14, and 15 Problems 1, 2, 3, 5, 6, 79, 10, and 13 1. Future Value. Kyle has $1,000 in cash received th for high school graduation gifts from various relatives. He wants to invest it in a certificate of deposit (CD) so that he will have a down payment on a car when he graduates from college in five years. His bank will pay 6% per year, compounded annually, for the five-year CD. How much will Kyle 10 have in five years to put down on his car? 2. Fu ture Value. Sandra wants to deposit $100 each year for her son. If she places it in a savings account that pays 5% per year, what amount 3. Future Value. Luis wants to know how much he in three years if he deposits $3,000 today at an will be in the account in 20 years? will have available to spend on his trip to Belize annual interest rate of 9%. 4. Future Value. How much will you have in 36 months if you invest $75 a month at 10% annual interest? 5. Using Time Value to Estimate Savings. DeMarcus wants to retire with $1 million in savings by the