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1)Findtheamountafter2yearsif$800isinvestedat14%compounded: a)Annually Amount=$ b)Semiannually Amount=$ c)Quarterly Amount=$ d)Monthly Amount=$ 2) Findtheamountoftheannuityifthedepositis$1400quarterlyfor2yearsat5%compoundedquarterly. Amount=$ 3) Findtheprincipalneededtoget$1400in4yearsat11%compoundedmonthly.Principal=$ 4) Markdeposits$600eachmonthinaretirementplanpaying3%compoundedmonthly.Howmuchwillhehaveintheaccountafter14years? 5)In3yearsHarryandSallywouldliketohave$28000foradownpaymentonahouse.Howmuchshouldtheydepositeachmonthintoanaccountpaying12%compoundedmonthly? 6)Findthemonthlypaymentneededtopayoffaloanof$3100amortizedat11%compoundedmonthlyfor4years.Monthlypayment=$ 7) Rubeninvested$1600peryearinanIRAeachyearfor6yearsearning9%compoundedannually. Attheendof6yearsheceasedtheIRApayments,butcontinuedtoinvesthisaccumulatedamountat9%compoundedannuallyforthenext8years. a)WhatwasthevalueofhisIRAattheendof6years? Answer=$ b)Whatwasthevalueoftheinvestmentattheendofthenext8years? Answer=$
- 1)Findtheamountafter2yearsif$800isinvestedat14%compounded:a)AnnuallyAmount=$b)SemiannuallyAmount=$c)QuarterlyAmount=$d)MonthlyAmount=$
- 2)Findtheamountoftheannuityifthedepositis$1400quarterlyfor2yearsat5%compoundedquarterly.Amount=$
- 3)Findtheprincipalneededtoget$1400in4yearsat11%compoundedmonthly.Principal=$
- 4)Markdeposits$600eachmonthinaretirementplanpaying3%compoundedmonthly.Howmuchwillhehaveintheaccountafter14years?
- 5)In3yearsHarryandSallywouldliketohave$28000foradownpaymentonahouse.Howmuchshouldtheydepositeachmonthintoanaccountpaying12%compoundedmonthly? 6)Findthemonthlypaymentneededtopayoffaloanof$3100amortizedat11%compoundedmonthlyfor4years.Monthlypayment=$
- 7)Rubeninvested$1600peryearinanIRAeachyearfor6yearsearning9%compoundedannually. Attheendof6yearsheceasedtheIRApayments,butcontinuedtoinvesthisaccumulatedamountat9%compoundedannuallyforthenext8years. a)WhatwasthevalueofhisIRAattheendof6years? Answer=$
- b)Whatwasthevalueoftheinvestmentattheendofthenext8years? Answer=$
- 8)StereoInc.sellsastereosystemfor$300downandmonthlypaymentsof$60forthenext3years.Iftheinterestrateis4.75%peryear,find: a)Thecostofthestereo. Answer=$
- The total amount of interest paid. Answer = $
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
