1. You are considering selling for $4,009 a Volvo which you purchased 4 years ago for $8,072. What would be your annualized rate of return on the Volvo investment? Round your answer to two decimal places and express in percentage (%) form.

2. Some day, you will buy an Acura NSX, drive it for 9 years and sell it for more than you paid for it. If you pay $52,000 for it and your expected annualized rate of return is 6.84%, how much must you sell it for? Round your answer to two decimal places.