Use future or present value techniques to solve the following problems. a. If you inherited $85,000 today and invested all of it in a security that paid a 13 percent rate of return, how much would you have in 25 years? Round the answer to the nearest cent. Round FV-factor to three decimal places. Calculate your answer based on the FV-factor. $ Calculate your answer based on the financial calculator. $ b. If the average new home costs $260,000 today, how much will it cost in 7 years if the price increases by 6 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. $ Calculate your answer based on the financial calculator. $ c. You forecast that in 8 years it will cost $237,000 to provide your child a 4-year college education. Will you have enough if you take $85,000 today and invest it for the next 8 years at 6 percent? Round the answer to the nearest cent. Round FV-factor and FVA-factors to three decimal places. -Select- , you will have approximately $ -Select- than your estimate of $237,000. d. If you can earn 3 percent, how much will you have to save each year if you want to retire in 40 years with $1 million? Round the answer to the nearest cent. Round FVA-factor to three decimal places. Calculate your answer based on the FVA-factor. s Calculate your answer based on the financial calculator. $