1. You have just purchased a U.S. Treasury bond for $800. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate will you earn on this bond? Round your answer to 2 decimal places. (Round your answer to 2 decimal places.)

2. You have $5,000 invested in a bank that pays 2% annually. How many years will it take for your funds to triple? (Round your answer to 2 decimal places.)