1.A company invests $2 million to clear land to plant pine trees. The trees will mature in 10 years, and the company expects to sell them at that time for $5 million. What will be it's annual rate of return on this investment?

2.The Third National Bank of Holt has agreed to give you a 4-year loan to buy a used Dacia Sandero, priced at $11,000. The annual interest rate is 9%. If the bank requires you to make a 10% down payment on the car, how much will your monthly loan payments be?

3.During Winter Break, your trip to Fiji went a little over budget, and you had to charge $2024.53 on a credit card. If you are able to make payments of $100 per month, and your credid card charges you 16.9% annual interest, how many months will it take to completely pay the credit card balance?