1. Suppose that 2 years ago you bought an old record player at a yard sale for $8. You saw today on E-bay that the same record player is selling for $55. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent.
2. An investment will pay $18,219 in 16 years. If the interest rate is 11.09%, how much is it worth today?

3 An investment will pay you $3,096 in 1 years if you pay $1,980 today. What is the implied rate of return? (Convert to a decimale.

4. A company has purchased an asset for $149,748. If they require a return of 11.82%, how much must they sell the asset for in 8 years?
5. If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have $982?