1. Suppose you invested $1,100 in an account that pays 10.00% interest compounded, annually. How many years would you need to wait until the account reached $3000.00? Assume you make no additional deposits or withdrawals to or from your account.
2. What is the definition of net present value NPV of a general stream of Cash flows: (C0,C1,C2...Cn)? EXPLAIN 2-3 LINES.
3. If you wanted to invest 700.00 in an account today and you wanted the account to be $1400.00 6.0 years from now, what would the interest rate, compounded annually, have to be? Assume you make no additional deposits or withdrawals to or from your account.