Let $R$ be a commutative Noetherian ring and $P$ be finitely generated $R$-module.
How to prove the following.
$P$ is projective if and only if $P\otimes N\cong Hom(Hom(P,R),N)$ for all finitely generated $R$-modules $N$.
Let $R$ be a commutative Noetherian ring and $P$ be finitely generated $R$-module.
How to prove the following.
$P$ is projective if and only if $P\otimes N\cong Hom(Hom(P,R),N)$ for all finitely generated $R$-modules $N$.
That the canonical map $P\otimes _{R}N\rightarrow \operatorname{Hom}_{R}(P^*,N)$ is an isomorphism when $P$ is projective (for any $R$-module $N$) is classical, see e.g. Bourbaki Algebra II, §4, Proposition 2.
In the other direction, taking $N=R$ shows that $P$ is reflexive. Now take $N=P^*$. We get that the canonical map $P\otimes _{R}P^*\rightarrow \operatorname{Hom}_{R}(P^*,P^*) $ is an isomorphism. By the Remark 1 following the above Proposition, this implies that $P^*$ is projective, and therefore that its dual $P$ is projective.