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1. Simple Interest: Jerry borrowed $10,657.50 from his bank to build an attached garage and work space on his house. Jerry's simple interest loan had a rate of 13% and required him to pay $12,250 under the agreed terms. What was the duration of his loan?
2. Annuity Earnings: Sam is saving money in an annuity and is earning 5% annual interest compounded annually. If he deposits $2,500 in the account each year for 10 years, what will the future value of his account equal? How much interest will he have earned?
3. Mortgage Finances: Dee and Todd purchased a summer getaway in northern Wisconsin. Dee's father agreed to finance the purchase with a 2% annual rate, 30-year mortgage. This resulted in a mortgage payment of $772.50/month. Calculate the amount of money the couple borrowed and the amount of interest they will pay over the life of the loan.
The mean number of hours a month that a certain group of video gamers playes online was 240. If the distribution of hours can be closely approximated by a normal curve with a standard deviation of 20 hours, what is the percentage of gamers who pla..
When multiplied together the two complex numbers (6 + i5) and (3 - i3) yield
What type of annuity is a layaway plan?
At what rate will the demand for coffee be changing with respect to price when the price is $9? B. At what rate will the demand for coffee be changing with respect to time 10 weeks from now? Will the demand be increasing or decreasing at this time..
Describe a different set of conditions that can be used to create a secure 5 character password. Determine the total number of possible passwords that can be created using your conditions.
Suppose the supply and price for a prescription are related by P=.0015q +1 where p is the price in dollars of a 30 day prescribtion if the demand is related to price by P= 0025q + 64.36. What is the equilibrium quantity and price.
leading economic indictators: the value of the conference board index of 10 economic undicatators in the U.S could be approximately by the following function of time t in months since the end of december 2002.
Two financial ratios (the debt to equity ratio and the times interest earned ratio) are discussed in this chapter. Are they relevant for these companies? Explain.I'm working on Chapter 10 Cp10-3 problem.
A speedboat could travel at 3 times the speed of the current. Thus, it could travel 525 miles downriver in 1 hour more than it took to travel 200 miles upriver. What was the speed of the boat in still water?
bob ate 10 carrots and 7 hershey kisees and the total calories were 263. fred ate 4 carrots and 8 hershey kisses and
A mortgage at 9% interest compounded monthly with a monthly payment of $1125 has an unpaid balance of $10,000 after 350 months. Find the unpaid balance after 351 months.
the daytime maximum temp of a city is 33 degrees C. At night the temp became 26 degrees c. what is the rise in temperature from daytime to night time?
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