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Question. 2 A) Compute the present value of the following investment, 13 years, 9% interest rate and $16,832. Draw the time line when you done.

Question. 2 A) Compute the present value of the following investment, 13 years, 9% interest rate and $16,832. Draw the time line when you done. (10 marks) B) Assume the total cost of a university education will be $185 000 when your child enters university in 18 years. You presently have $73 000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's university education? Draw the time line when you done. (10 marks)

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