Questions Uploads

interest

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Question

How much interest is earned in 9 years

on $8600 deposited in an account paying 9% interest, compounded semiannually? (Round your answer to two decimal places.)

 
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Write an equation as part of solving the problem

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Question

Write an equation as part of solving the problem.
style=”color:rgb(0,0,0);”>The cost to replace a water pump in a Corvette was $415. This included $145 for the water pump plus $90/h for labor. How many hours of labor were required to replace the water pump?__________ h

 
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You buy a $252,000 home

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Question

You buy a $252,000 home with a down

payment of 24%. Find the amount of the down payment and the mortgage amount.

down payment    $ _______

mortgage   $______

 
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You borrow $8000 to help pay your college

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Question

You borrow $8000 to help pay your college

expenses. You agree to repay the loan at the end of 6 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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