1)

You want to have $11,800 in your savings account 8 years from now to pay for a luxurious family cruise vacation.

How much do you have to deposit today to reach this goal if you can earn 3.7 percent on your savings?

Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use "$" in your answer.

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2)

You deposited $1,700 into a bank account 5 years ago. Since then, the amount of money in the account has quadrupled. At what annual rate must the money have been growing?

Put your answer in percent, but do NOT use the "%" sign, and round your answer to TWO decimal places. For example, if you got 12.34% then simply type 12.34

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3)

The Present Value of all four of the following future cash flows is $2,000 when discounted at 7 percent annually.

1 year in the future	$500
2 years in the future	$?
3 years in the future	$500
4 years in the future	$700

What is the dollar amount of the missing future cash flow?

Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 1,000.23. Do NOT use "$" in your answer.

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