1. Assume that you will invest $200 in one year, $400 in two years, and $600 in three years. If you earn an interest rate of 7.2% per year, how much will you have in three years?

1) $1,236.92

2) $1,258.64

3) $1,227.25

4) $1,297.71

5) $1,301.22

2. A company had sales of $1,423,764 last year. Its cost of goods sold were 45% of sales, it had depreciation expenses of $108,283, and interest expenses of $36,731. If the company’s tax rate is 30%, what was its net income?

1) $446,639

2) $741,967

3) $337,436

4) $223,679

5) $478,633