1. Suppose a country has a population of 50 million and projects a growth rate of 2% per year for the next 20 years. What will the population of this country be in 13 years? (Round your answer to two decimal places.)

Answer = ? million people

2. If changing market conditions cause a company earning $12,000,000 in 2005 to project a loss of 2% of its profit in each of the next 5 years, what profit does it project in 2010? (Round your answer to the nearest dollar.)

Answer = ? dollars

3. Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO. Suppose that $5,000 invested in Microsoft at its IPO price had been worth $300,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)

Answer = ? %