- Numbers File Edit Insert Table Organize Format Arrange View Share Window Help Class Activity (1) Edited . GO 150 Zoom Section Review Examples Text Shape Category Section 2 Probe 7- John's brother finished his high school and starts studying at University of Idaho. He decides that he needs a loan of $3.600 per year for the next five years to cover his expenses. What is the fature value of this loan? Assume an interest rate of 1.1% 0 11 8- John and his wife have a farm that carns a net income of $45.000 a year. If they assume that their net income will have a constant growth rate 4 of 5%, and their discount rate is 9% 55 36 a. Calculate the new discount rate (1) 90 11 12 b. What is the present value of income carned over the next six years? 15 15 Alternative using the PV or F functions in excel 3 tv MacBook Air * 90 888 go 04 48 FS A @ 2 $ 4 % 5 C 9 1 3 00. 6 7 0 Q W E R T T Y U 0