1. Suppose you invest $ 4646 today to start a business. In 7 years you hope to sell this company for $ 16130. What would be your annualized rate of return?
2. Why the financial sector is important to an economy.
3. Assume that starting next year, you will receive payments of $ 161 every year for 7 years. The discount rate it 2 %. What is the present value of these payments?