Review View Help Search Introduction to Personal Finance Unit 1 Project Learning Goals: . Understand financial literacy and how it relates to the financial planning process over the life cycle. . Understand opportunity cost and time value of money calculations in relation to financial goals. 1. Today Leo Burke purchased an investment grade gold coin for S150,000. He expects it to increase in value at a rate of 7% compounded annually for the next 5 years. How much will the coin be worth at the end of the fifth year? N I/Y PV PMT FV 2. Rodney Cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund. How much is the fund worth now assuming he has earned 11.5% compounded quarterly on his investment? I/Y PV PMT FV 3. Lucy Brown wants to give her daughter $35,000 to start her own business in 10 years. How much should she invest today at an annual interest rate of 9% to have $35,000 in 10 years? N