1) A company has purchased an asset for $196,819. If they require a return of 12.45%, how much must they sell the asset for in 8 years?(Round to 2 decimal places.)

2) In 1998, the average price of a gallon of gas was $1.06. Today, the average price of a gallon of gas is $2.73. At what annual rate has a gallon of gas increased over the last 20 years? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.)

5) Calculate the value of the cash flows at time 7. The interest rate is 11.11%.

0 1 2

$1,047 $2,437 $3,340

what is the best way to work the above Questions?