Part IV: [Learning objective from chapter (5)] 1) You would like to give your niece $75,000 towards her college education ten years from now. How much money must you set aside today for this purpose if you can earn 6% on your funds? 2) Your brother tells you that you can invest $20,000 in his business, and he will pay you back $30,000 in 2 years' time. What is the return on this investment? 3) Suppose that you and your friends want to start a business in 3 years-time after you graduate from the university. The maximum funds that you can raise today is $200,000, if you can save this amount in a bank saving account at an interest rate of 12%. What will be the value of your savings in 3 years-time