FV= Future Value PV= Present Value R= Interest Rate N= Number of Periods FV= Future Value PV= Present Value R= Interest Rate N= Number of Periods Solving for Future Value: FV= PV(1+r)" PV= (FV)/((1+r)n) N= (In(FV/PV)/(In(1+r)) R= (FV/PV)1-1 Quarterly Compounding FV= PV(1+(r/4))4n HW1: 1.Druscilla Lopez just received $1,501 and plans to invest it for 12 years. The interest rate paid on an 12-year risk-free investment is 0.02. The amount Druscilla expects to have in 12 years is: Answer: 2.Tensing Palmo expects to receive $14, 743 on his birthday 8 years from now. 8 He knows he could earn 0.0547 on an investment for 8 years. The present value of this money is