Question
1. If $ 2000 is invested at 6% compounded monthly, what is the amount after 4 years? 2. How long will it take for money
1. If $ 2000 is invested at 6% compounded monthly, what is the amount after 4 years?
2. How long will it take for money to double if it is invested at 6% com- pounded continuously?
3. What equal monthly payments would have to be made into an annuity that pays 6% compounded monthly in order to have $200,000 after 10 years?
4. I am buying a house that costs $150,000. I will pay a 20% down payment, and the rest is to be amortized over 30 years in equal monthly payments. If the annual interest rate is 6% compounded monthly,
a. what will my monthly payments be?
b. how much total interest will I have to pay?
5. In problem 4., what is the unpaid balance on the loan after 20 years?
6. What is the Annual Percentage Yield for money invested at 9% com- pounded monthly?
7. Calculate (ie. give a numerical value for) log139
8. Solve forx: logx16 = 2.
9. Sketch the graph ofy=xshowing all intercepts and asymptotes.
x1
10. Find all the x-intercepts for the cubic polynomialy=xx.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started