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Question 1 (10 points) 1. You decide to invest $15000 into a bank account that that is compounding its interest monthly. Assuming the bank is paying out an interest rate of the current prime rate - 1% (In the event that prime - 1% is less than 1%, use 1%), and the investment is for 5 years a) How much money (total) do you have after the 5 years pass? b) How much do you earn in interest over the 5 years? Question 2 (10 points) 2. You wish to have $500,000 saved up in 30 years. Assuming that you can get an interest rate of prime + 5% on your investment (compounded quarterly.) a) How much do you need to invest today to have $500,000 30 years in the future? b) How much of that total is interest? Question 3 (10 points) 3. You borrow $50,000 at 5% interest (compounded daily). a) After 1 year passes, you pay off $25000 of the loan. How much do you still owe on the loan? b) After another year passes, you wish to pay off the loan. How much do you need to pay to pay it off? Essay (15 points) 4. While everyone dreams of high interest rates for investments, usually high interest rates come with other disadvantages. Using the interest or other sources, research and write an essay on the advantages and disadvantages of higher interest rates on investments. Look at factors like risk, reward, and possible other things that would change to balance out the higher interest rates. Requirements for essay
• You must cite and reference at least one source (book, website, periodical) using APA format. The required website counts as one source.
An overnight delivery service accepts packages of up to 165 inches in length and girth combined. (Girth is the distance around the package.) A package has a fixed girth of 53 inches. Determine (in terms of an inequality) those lengths for which a ..
Using what you know about t-scores, identify which of the variables have a significant influence on the LISTPRICE.
Explain why the rules for the order of operations are necessary; give examples to back up your explanation.
Students are given three chances to pass a basic skills exam for permission to enroll in Calculus I. Sixty percent of the students pass on the first try; of those who fail on the first try, 54% pass on the second try; and, of those remaining, 48% ..
What is the maximum likelihood estimator of the mean of x where x is the sample with distribution f(x)=rt^x where t= 1-r and r is between 0 and 1 and the mean of rt^x is t/r.
Consider the following model for the populations of rabbits and wolves (where is the population of rabbits and is the population of wolves).
Suppose the scores of 500 college freshmen taking Physics 101 are normally distributed. The mean score is 60 out of 100, and the standard deviation is 10. Find the values defined by the standard deviation that is 3 standard deviations away from th..
suppose that in fact the blood cholesterol level of all men aged 20 to 34 follows the normal distribution with mean of
A dock is 15 feet above the water. Suppose you stand on the edge of the dock and pull a rope attached to a boat at the constant rate of 3 ft/sec. Assuming that the boat remains at water level, at what speed is the boat approaching the dock when it..
The messenger goes by land to a dock and then travels on a river against a current of 4 mi/h. He reaches the destination in 4.5 hours and then returns to the starting point in 3.5 hours. How far did the messenger travel by land and how far by wate..
Write a system of 5 equations in standard form to represent this problem. Write the matrix equation in the form AX=B.
finding a straight line to a set of data yields the following prediction line yhat2 5xia. interpret the meaning of the
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