This course is called Principles of Finance! Please answer the questions in their entirety, if you can not please do not accept this question! Please answer all of the questions I post. Thank you for helping me; will give you a thumbs up!

Tony is offering Phil two repayment plans for a long overdue loan. Offer 1 is a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $5,000 at the end of each year at 10% interest rate until the loan principal is paid off. Phil owes Tony $20,000. How long will it take for Phil to pay off the loan if he takes Offer 2? 7.83 years 5.36 years 6.43 years The question "How much will I have in my account at a specific point in the future, given a specific interest rate?" is best answered by which form of the TVM equation? OA) FV=In(FV/PV) In(1+r) OB) FV = (FV/PV)1 -1 C) FV = PV x (1 + r)n D) FV = _FV (1+r)n The question "What is the current value of an amount of cash that will be received at a specific time in the future?" is best answered by which form of the TVM equation? OA) PV = n(FV/PV) In(1+r) OB) PV = PV x (1 + r)n C) PV = (FV/PV)1. 1 OD) PV=_FV (1 + r)n