1. So far this class has been:
   1. The happiest place on earth sorry Disneyland!
   2. Better than getting your tooth pulled
   3. Better than a sharp stick in the eye
   4. And of course, Not too shabby!

Problems

1. (5 Points) Suppose that in 2010, a $10 silver certificate from 1898 sold for $11,200. For this to have been true, what would the annual increase in the value of the certificate have been?

Ans: ______________________

1. (5 Points) What is the effective annual rate of an APR of 6.5% percent compound quarterly?

Ans: _______________________

1. (5 Points) A firm has a Return on Equity of 18%. The company borrows $0.60 for every $1.00 of equity. What is the firms return on assets?