An investment will pay $16925 in 16 years. If the interest rate is 14.45%, how much is it worth today? (Round to 2 decimal places.)

An investment will pay you $4716.13 in 5 years if you pay $2354.01 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)

This problem set includes questions that you will be required to solve:

1. rate (r)

2. time (t)

3. PV of a lump sum

4. FV of a lump sum