1. What is the value in year 2 of a $650 cash flow made in year 5 if interest rates are 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Value in year 2

$

2.

What is the value in year 15 of a $260 cash flow made in year 4 if interest rates are 12 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Value in year 15

$

3.

What annual rate of return is earned on a $4,000 investment made in year 5 when it grows to $6,400 by the end of year 10? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Annual rate of return

%