Question: Please can I get a solution to #8 and #9 questions? Thank you. II. Time Value of Money: 7. What is the present value of

Please can I get a solution to #8 and #9 questions?

Please can I get a solution to #8 and #9 questions? Thank you.

II. Time Value of Money: 7. What is the present value of $10,000 to be received in 8 years? The interest rate is 7%. (Round your answer to the nearest dollar.) a. $5,820 b. $5,835 c. $17,182 d.$6,009 8. At an interest rate of 7% per year, how long will it take your investment to double in value? a. 9.81 years. b. 10.24 years. c. 10.39 years d. 11.67 years. 9. You investment tripled in value in 8 years. What is the rate of return that you earned on that Investment? a. 9.05%. b. 11.61%. c. 14.72% d. none of the above

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