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You borrow $9000

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Question

You borrow $9000 to help pay your college

expenses. You agree to repay the loan at the end of 8 years at 10% interest, compounded quarterly. (Round your answers to two decimal places.)

(a) What is the maturity value of the loan?

$  

(b) How much interest are you paying on the loan?

$

 
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Calculate the effective annual rate for an investment

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Question

Calculate the effective annual rate for an investment that earns the given rate of

return. Round to the nearest hundredth of a percent.

7.6% interest compounded quarterly

 
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A stock pays an annual dividend

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Question

A stock pays an annual dividend of $1.24 style=”color:rgb(0,0,0);”> per share. Calculate the dividends paid to a shareholder who has 335 shares of the company’s stock

 
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Write the expression as a unit rate

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Question

Write the expression as a unit rate.216 miles on 8 gallons of

gasoline

______ MILES PER GALLON

 
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