Explain, in about a paragraph for each question below, what the following problems are telling us. Again, do not concentrate on the math, instead read through the problems and get an understanding for what these problems tell us as managers.
1. Annual Interest Rate (problem 8.1 and pages 212-214)
2. Annual Interest Rate (problem 8.2 and pages 215-217)
3. Future Value (problem 8.3 and pages 218-220)