Answer. Case 1: Present Value, PV = $650 Interest Rate, i = 9%…

  

Answer. Case 1: Present Value, PV = $650 Interest Rate, i = 9%… Image transcription textAnswer. Case 1: Present Value, PV = $650 Interest Rate, i = 9% Future Value, FV = $1,742 Present Value * (1 +j)^n = Future Value $650 * 1.09^n = $1,742 1.09^n = 2.68 n * In(1.09) = In(2.68) n = In(2.68) / In(1.09) n = 11.44years So, Number of years is 11.44 years Case 2: Present Value, PV = $900 Interest Rate, i = 10% … … Business Accounting Share This was created from Finance HW ch 5.docx (0)