Reference no: EM132558113

Questions -

Q1- The Roberts family puchased a new van for $32,499. The tax rate is 0.0725. Find the total cost of the vehicle. Round to the nearest cent.

A) $34,855.18

B) $2356.18

C) $23.56

D) $23,560.18

E) $4482.62

Q2- A business worth $440,000 is expected to grow ar 10% per year compounded annually for the next 3 years. If funds from the sale of the business today would be placed in an account yielding 4% compounded semiannually, what would be the minimum acceptable price for the business at this time?

A) $405,730.50

B) $485,920.80

C) $520,030.75

D) $585,640.00

E) $424,100.25

Q3- Ed Mclemore lends $1680 at a rate of 8.2%. Find how long it will take for his investment to earn %80 in interest? (Round to the nearest day.) (1 year = 360 days)

A) 269 days

B) 285 days

C) 209 days

D) 225 days

E) 262 days

Q4- A $12,000 T-bill is purchased at a 4.05% discount rate for 40 weeks. Find the purchase price of the T-Bill.

A) $9952.12

B) $12,856.73

C) $13,432.06

D) $10,845.55

E) $11,626.15

Q5- The Bagel Boy bakes 60 dozen bagels at a cost of $2.20 per dozen. If a markup of 50, on selling price is needed and 10%, of the bagels remain unsold and will be donated to a shelter, find the selling price per dozen bagels.

A) $4.99

B) $4.55

C) $4.89

D) $4.62

E) $4.28