1. You have $900 to invest today. In how many years will it double if you invest it at an interest rate of 11% compounded annually? 2. Google corporaons earnings per share in 2010 were $6, and its growth rate during the prior 5 years was 7% per year. If that growth rate were maintained, how long would it take for Nikes earnings per share to double? 3. If the rate of return is 9% per year, what is the net present value of the following cash flow? Period Cash Flow 1 $45,000 2 $50,000 3 $55,000 4 $60,000 5 $65,000 4. You have a chance to buy an annuity that pays $1,000 at the end of each year for 5 years. You could earn 6% of your money in other investments with equal risk. What is the most you should pay for the annuity? 5. Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years?