(TCO A) Use future or present value techniques to solve the following problems.(Note: You can use tables or a financial calculator.If you use a calculator, please provide the inputs you used to solve the problems.)(5 points each = total 20 points)

a. If you invested 10,000 in a CD (certificate of deposit) paying you5% per year, what would be the value of your CD at the end of5 years?

b. If you won $250,000 today and invested all of it in a security that paid an8% rate of return, how much would you have in 20 years?

c. If you bought a new home today valued at $300,000, what will be its value in 10 years if inflation is3% per year?

d. If you can earn8% per year on your retirement account, how much will you have to save each year if you want to retire in 20 years with $1 million?