1. Rate of Growth. If a firm’s earnings increase from $3.00 per share to $4.02 over a 6-year period, what is the rate of growth? 2. Annual Interest Rate. You borrowed $20,000, to be repaid in 12...

1. Rate of Growth. If a firm’s earnings increase from $3.00 per share to $4.02 over a 6-year period, what is the rate of growth?

2. Annual Interest Rate. You borrowed $20,000, to be repaid in 12 monthly installments of $1,891.20. What is the annual interest rate?