1.) Compute the present value of a $4,900 deposit in year 1 and another $4,400 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2.)

Tiggie's Dog Toys, Inc. reported a debt-to-equity ratio of 1.67 times at the end of 2015. If the firm's total debt at year-end was $33 million, how much equity does Tiggie's have on its balance sheet? (Enter your answer in millions of dollars rounded to 2 decimal places

3.) Determine the interest rate earned on a $2,400 deposit when $3,000 is paid back in one year. (Round your answer to 2 decimal places.)

Interest rate

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