Which comes closest to the value at the end of year 8.5 (eight and one-half years) of investing $1,000 today if the interest rate is 4%? $1,777 $1,514 $1,641 $1,286 $1,396

Which comes closest to the present value of receiving $1,000 in 26 weeks if the interest rate is 4%? $971 $985 $976 $967 $981

if $400 grows to $4,000 in 10 years, approximately what interest rate is earned? 10% 14% 26% 40% 123%