B. $3,680.90 C. $6,884.70 D. $3,690.38 E. $7,021.38 M 3. What is the present value of $13,100 to be received 3 years from today if the discount rate is 5 percent? A. $10,767.25 B. $11,231.14 C.$7,860.00 D. S11,316.27 E.$11,882.09 M 4. Three years ago, you invested $2,900.00. Today, it is worth $3,700.00. What rate of interest did you earn? A. 4.23 percent B. 8.46 percent C. 4.63 percent D. 0.71 percent E. 3.63 percent M5. Bob bought some land costing $16,340. Today, that same land is valued at $46,717. How long has Bob owned this land if the price of land has been increasing at 4 percent per year? A. 27.85 years B. 26.78 years ?. 11.00 years D. 28.96 years E. 11.44 years Page 2c