Question: 1. Consider the following equation relating the future value to the present value of some variable. FV = (1 + g) PV FV =

1. Consider the following equation relating the future value to the present

1. Consider the following equation relating the future value to the present value of some variable. FV = (1 + g) PV FV = future value PV = present value g=annual growth rate t = number of years Derive a general formula for the number of years, t, that are required for the variable to double in size. In the formula you derive, the only unknowns should be t and g. Show all steps in the derivation. [5 points]

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