1. How much is a guaranteed promise of $15,600 to be received in 11 years worth today if interest is 11%? Round the answer to the nearest cent.
2. If you deposit $240.78 in an account that pays 3% and leave it there for 11 years, how much will you have in the account? Round the answer to the nearest cent.
3. How much will $183 grow into if it is invested at 13% for 35 years? Round the answer to the nearest cent.