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AccountingEssay Preview: AccountingReport this essayProblem Set IIProblem P9 – 17:FV (Table 1) at 11% discount rate2.00 x .901 = $1.802.20 x .802 = $1.792.40 x .731 = $1.7533.00 x .731 = $24.12——–$29.46Problem P9 – 22:Alternative Present Values: Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000.