Answer:
5000 in 1 year at 4% = $4,807.6923
9000 in 2 year at 1% =
Explanation:
We will calculate the present value of the loan at maturity
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 5000
time 1
rate 0.04
[tex]\frac{5000}{(1 + 0.04)^{1} } = PV[/tex]
PV $4,807.6923
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 9000
time 2
rate 0.01
[tex]\frac{9000}{(1 + 0.01)^{2} } = PV[/tex]
PV $8,822.6644