Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses discounted cash flow analysis. See how you would do by answering the following questions.

1. If you want an investment to triple in 15 years, what interest rate must it earn?
2. What is the future value of a 3-year ordinary annuity of $200 if the appropriate interest rate is 10%? What would the future value be if the annuity were an annuity due?