1. The dollar-euro exchange rates are $1.5968/1.00 and the dollar-yen exchange rates is 108.0030/1.00. What is the euro-yen cross rate?
2. Janet and Jeff have a net worth of $25,000 and total assets of $150,000. If their revolving credit and unpaid bills total $2,200, what are their total liabilities?
3. If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round intermediate calculations.