Q1

An investment will pay you $4,208 in 2 years if you pay $2,471 today. What is the implied rate of return? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.)

Q2

Suppose that 2 years ago you bought an old record player at a yard sale for $12. You saw today on E-bay that the same record player is selling for $59. If you were to sell the record play at that price today, what would be the implied return percentage? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.

Q3

if you have $489 today and you think you can earn an interest rate of 6% per year, how many years until you have $843?