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  • "For Guru2009 only 1. Using the formula for simple interest

    "For Guru2009 only

    1. Using the formula for simple interest and the given values, find I.
    P=$200; r=6%; t=4 years; I=?
    I=$__

    2. Using the formula for simple interest, I=Prt, to find the indicated quantity.
    I=$36; r=6%; t=3 months; P=?
    P=$___

    3. Determine the present value P you must invest to have value A at simple interest rate r after t.
    A=$2000.00, r = 14.5%, t=26 weeks
    $___ (Round to the nearest cent)

    4. A radio commercial for a loan company states: “You only pay 29 cents a day for each $500 borrowed. “ If you borrow $1,922 for 235 days, what amount will you repay, and what annual interest rate is the company actually charging? (assume a 360-day year)
    a. Amount you repay=$___ (Round to two decimal places)
    b. Annual interest rate=___% (Round to four decimal places)

    5. Use the compound interest formula to find the future value A for the following values.
    P=$500
    I=0.045
    N=25
    A=$___ (Round to the nearest cent)

    6. Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.

    8% compounding monthly
    i=___% per month (Type an integer or decimal rounded to the nearest thousandth as needed)

    7. Given the rate per compounding period, find r, the annual rate.
    4.325% per quarter
    R=___% (Round to three decimal places as needed)
    8. A newborn child receives a $5000 gift toward a college education from her grandparents. How much will the $5000 be worth in 18 years if it is invested at 6% compounded quarterly?
    It will be worth$___ (Round to the nearest cent)

    9. Find I (the rate per period) and n (the number of periods) for the following annuity.
    Quarterly deposits of $1,100 are made for 5 years into an annuity that pays 6% compounded quarterly.
    I=___ (Type an integer or decimal rounded to four decimals places as needed)
    N=___
    10. Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $922 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest?
    Type the amount in the account: __ (Round to the nearest dollar)
    Type the amount of interest earned: $___ (Round to the nearest dollar)

    11. A company estimates that it will need $157,000 in 9 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.4% compounded monthly, how much should each payment be?
    The amount of each payment should be $___ (Round to the nearest cent)

    12. Solve the following problem
    PV=$23,897; n=92; i=0.035; PMT=?;
    PMT=$___ (Round to two decimal places)

    13. American General offers a 14 year-year annuity with a guaranteed rate of 4.81% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $900 annually over the 14 year period?
    How much should a customer pay for this annuity?
    $___ (Round to the nearest cent)

    14. You want to purchase an automobile for $27,046. The dealer offers you 0% financing for 60 months or a $4974 rebate. You can obtain 6.3% financing for 60 months at the local bank. Which option should you choose?
    ___ Rebate
    ___ 0% financing
    How much money will you save per month?
    $___ (Round to two decimal places)

    15. Construct the amortization schedule for a $14,000 debt that is to be amortized in 10 equal payments at 6% interest per half-year on the unpaid balance.
    Fill out the amortization schedule below. Round all values to the nearest cent
    Payment Number Payment Interest Unpaid Balance Reduction Unpaid Balance
    0 $___
    1 $___ $___ $___ $___
    2 $___ $___ $___ $___
  • Hello, i have a 25 question pre-calc test that i need help

    Hello, i have a 25 question pre-calc test that i need help on. I would like to use the answers from you to verify my answers. I will need all the work shown. Can you do that?
  • 1.What is LM given the following measures and QPST is congruent

    1.What is LM given the following measures and QPST is congruent to JKLM?

    PS=6.3,ST=5.2,TQ=7.4,QP=4.8

    2.The area of a triangle is 861 square centimeters.The length of the base is 82 centimeters.What is the height of the triangle?

    3.If p varies directly with q,and p=10 when q=2,what is the value of p when q=20?

    4:Simplify: The square root of 28/25

    5:Factor the expression: c^2 + 4c + 4

    6:State the converse of the statement: If x is odd,then 2x is even

    7:Simplify 5^The square root of x^16

    8:Solve for x: 2x^2 - 5x =12

    9:Solve for c: A = 1/3(a + b + c)

    10:Subtract and simplify: (2x^2 + 5x - 4) - (3x^2 - 7x + 1)

    11:Expand and simplify: (3a - 2)(4a + 5)

    12:Simplify (-12x^3y^4 + 18x^2y^3 + 6x^2y^2) divided by 6x^2y^2

    13:Factor the expression: 6x^3y - 9x^2y^2 + 3x^2y

    14:Simplify completely: The square root of 18y^5

    15:Factor completely: 81x^4 - 16

    16: The areas of two similar rectangles are 80 square feet and 500 square feet.What is the scale factor of the larger to smaller rectangle?

    17:Solve the system: x + 3y = 1
    -2x + y + -23

    18:Use the quadratic equation y= x^2 + 3x - 10.
    Calculate the discriminant to determine the number of real roots.

    19:Solve for x: 2x^2 - 32 = 0

    20:Factor: x^2 - 7x + 12

    21:Use the quadratic equation y = x^2 + 3x - 10.

    22:Simplify: -27a^3b^2/3ab

    If answers have a corresponding number next to them (Example, 1: 2:....Etc) a tip will be added.
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