Suppose you deposited $4,000 in a savings account earning 2.0% interest compounding daily. How long will it take for the balance to grow to $11,000? Answer in years rounded to two decimal places. (e.g., 2.4315 years --> 2.43)

If the applicable discount rate is 5.0%, what is the present value of the following stream of cash flows? Round to the nearest cent.

Cash Flow Year 1: $1,000 Cash Flow Year 2: $5,000 Cash Flow Year 3: $6,000

You plan to deposit $5,000 today, $1,000 in one year and $5,000 in two years into an account earning 2.0% interest. What will the account balance be in 4 years? Round to the nearest cent.