3.

Calculate the value of the cash flows at time 5. The interest rate is 10.13%.

0	1	2
$1,089	$2,208	$3,394

4. A company purchased an asset for $178,036 11 years ago. During that time, the asset grew at a rate of 0.71% per month. How much is it worth today? 5. You bought a stock for $13. You think the stock will have a return of 12.28%. How much will the stock be worth in 12 years? (Round to 2 decimal places.) 6. You just collected your school refund check of $795. You will invest it at an interest rate of 12.05%. How many years will it take to triple your money?