2.What annual rate of return is earned on a $4,000 investment made in year 4 when it grows to $6,000 by the end of year 11?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Annual rate of return

%

6.

You are scheduled toreceivea $590 cash flow in one year, a $1,090 cash flow in two years, andpaya $890 payment in three years. Interest rates are 10 percent per year.

What is the combined present value of these cash flows?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Combined present value of cash flows

$______

8.Compute the present value of an $1,050 payment made in 9 years when the discount rate is 11 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Present value $________________

9.What annual rate of return is earned on a $1,000 investment when it grows to $2,400 in eight years?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Annual rate of return ______%