Moving Cash Flows. What is the value in year 4 of a $770 cash flow made in year 8 if interest rates are 9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Value in year 4=
Solving for Time. How many years (and months) will it take $2 million to grow to $5.60 million with an annual interest rate of 7 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)
Period= years months