1. Dru plans to invest 6,500 dollars in 2 years and 6,500 dollars in 1 year(s). He expects to earn 10.77 percent per year. How much money does Dru expect to have in 10 years?
2. TLF Co. has just paid a dividend of $2.00. It is expected that dividends will grow by 4% indefinitely. Assuming a discount rate of 12%, what is the current price of TLF Co?
3. Steph plans to invest 8,600 dollars in 4 years and X in 3 year(s). She expects to earn 7.5 percent per year. What is X if Steph expects to have 29,600 dollars in 11 years?