Reference no: EM13920154
It is about Simple Interest Present Value
1-Find the amount Ashkin should deposit today if he needs $3,750 in his account in 5 months. Assume his account pays 4% simple interest.
2-Miguel promised to give his daughter $13,000 at the end of 3 years for a used car. What lump sum should he deposited today in an account paying 4% simple interest in order for him to have $13,000 at the end of 3 years?
3-A new computer costs $2,100. If the price of computers has increased by 1% in the past 6 months, how much did the computer cost 6 months ago? Assume the price increase follows a simple interest calculation.
4-Today, new tires for a high performance car cost $1,400. If the price of tires has increased by 1% over the past 12 months, how much did they cost 12 months ago? Assume the price increase follows a simple interest calculation.
5-A new luxury car costs $39,000. If the price of the car has increased 2% in the past 12 months, how much did the car cost 12 months ago? Assume the price increase follows a simple interest calculation.
|
Person who is shown his or her argument commits
: "Julie started carrying a rabbit's foot, then she won the lottery. The rabbit's foot must have caused her to win the lottery"
|
|
Resolve interoffice accountability and disciplinary process
: I will be writing an analytical report in order to resolve interoffice accountability and disciplinary processes. The recipients of this report will be the Chief Mojo Maker and the Chief Operating Officer Of Mojo Art & Image LLC, Located in Baltim..
|
|
Fictitious statistical study
: This week you will develop a fictitious problem and data set that utilizes specific statistics to analyze the data. The goal of this project is to allow you to demonstrate your cumulative knowledge and to operationalize your learning in a scholarl..
|
|
Draw a venn diagram showing the relationship between sets
: A survey showed that small engineering companies use three fuels for heating workshops, electricity, gas and kerosene. Draw a Venn diagram showing the relationship between the sets
|
|
Assume price increase follows simple interest calculation
: Find the amount Ashkin should deposit today if he needs $3,750 in his account in 5 months. Assume his account pays 4% simple interest. A new computer costs $2,100. If the price of computers has increased by 1% in the past 6 months, how much did the c..
|
|
Describe a model of software deployment
: SaaS is used to describe a model of software deployment that uses the web to deliver applications on an "as-needed" basis (Pearlson, K. & Saunders, C., 2013, pg. 385).
|
|
Which are of particular importance in ford motor industry
: Evaluate the relative importance of direct financial rewards in comparison to other elements of the total rewards system for the Ford Motor Industry.
|
|
Distributed with a population standard deviation
: The heights were recorded for a Simple Random Sample of 270 freshmen. The mean of this sample was 66.5 inches. The heights are known to be Normally Distributed with a population standard deviation of 5.1 inches. Round answers to one decimal place...
|
|
About simple interest present value
: Ramon needs $25,000 at the end of 6 months for a down payment on a new house. What amount should he deposit today in an account paying 3.6% simple interest in order to reach his goal? Find the amount Jose should deposit today in order to have $5,000 ..
|