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1. What is the present value of a $350 payment in one year when the...

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Finance

1. What is the present value of a $350 payment in one year when the discount rate is 8 percent? (Round your answer to 2 decimal places.)

2. Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 8.50 percent per year? (Round your answer to 2 decimal places.)

3. Determine the interest rate earned on a $1,900 deposit when $2,200 is paid back in one year. (Round your answer to 2 decimal places.)

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