1.Suppose an investment will pay $25,000 in 39 years from now. If you can earn 11.05% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?

Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.

2.Everest Inc's preferred stock pays a dividend of $1.40 per quarter, and it sells the preferred stock $25.40 per share. What is its effective annual (not nominal) rate of dividend for investors?

Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.

3.Wendy has $17,000.00 invested in a bank that pays 1.25% annually. How long will it take for her funds to triple?

Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.