What is the (present) value of the $1000 that you receive every month for the next 12 months (one year) if the interest rate is 12% (annual)?Hint: the interest rate become 1% per month (or the period). Be carefule with - sign.

2. What is the rate (of return) if you can double it in 10 years? Use percent with two decimals in answering the question. For example, if the answer is 7.177% the write 7.18

3. How many years does it take to triple your investment if the rate (of return) is 12%? Just the number of years in two decimals.