Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.5 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

NTEREST RATE :__?__%

What is the future value of $2,100 in 19 years assuming an interest rate of 7.4 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

FUTURE VALUE:__?__

An investment will pay you $42,000 in 12 years. If the appropriate discount rate is 6.9 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

PRESENT VALUE:__?__