1) If you deposit money in an account today, how long will it take to triple your money if the annual interest rate is 10%?

2) Wonderful Wear Inc. has an equity multiplier of 3.2. The companys assets are financed with some combination of long-term debt and common equity. What is the companys debt ratio?

3) Find the price (PV) of a 16% coupon bond with a face value of $1000 and 20 years to maturity. The bond pays an annual interest of $160. The interest rate per year is 20%. Use time value of money to support your calculations.