6.In 1998, the average price of a gallon of gas was $1.09. Today, the average price of a gallon of gas is $2.84. At what annual rate has a gallon of gas increased over the last 20 years? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.)

7.Your goal is to have $76,023. If you can earn 11.9% per year and you invest $18,064 today, how many years until you reach your goal?

8.You are buying an investment property for $383,240 today. Through research, you have determined that the value of the property is likely to grow at a rate of 7.17% per year, on average. How long until the value of the property grows to $521,360?

9.Calculate the value of the cash flows at time 6. The interest rate is 11.99%.

0	1	2
$1,135	$2,375	$3,065

10.You are looking at an investment that will pay you $25,919 in year 2, $42,812 in year 4 and $45,841 in year 6. If your required return is 8.34%, what is the most you should pay for the investment? (In other words, how much is the project worth today?)