* Homework Help - Q& x P Midterm Exam - Fall 2 x G A person purchased a x | Chegg.com X Desmos | Scientific C. X C | Chegg.com X C How long will it take $ x + CD mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 1:16 PM E Test: Midterm Exam - Fall 2022 Question 1 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test Question list K A loan of $1,070 was repaid at the end of 18 months with a check for $1,085. What annual rate of interest was charged? O Question 1 The annual rate of interest was charged at %. (Round to two decimal places as needed.) O Question 2 O Question 3 O Question 4 O Question 5 O Question 6 O Question 7 O Question 8 O Question 9 Time Remaining: 01:20:36 Next* Homework Help - Q& x P Midterm Exam - Fall 2 x G A person purchased a x C | Chegg.com X Desmos | Scientific C. X C | Chegg.com X C How long will it take $ x + CD mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 1:17 PM E Test: Midterm Exam - Fall 2022 Question 3 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test A person purchased a $177,904 home 10 years ago by paying 15% down and signing a 30-year mortgage at 9.6% compounded monthly. Interest rates have dropped and the owner wants to Question list K refinance the unpaid balance by signing a new 20-year mortgage at 5.7% compounded monthly. How much interest will refinancing save? O Question 1 Money Saved: $ (Round to the nearest cent as needed.) O Question 2 O Question 3 O Question 4 O Question 5 O Question 6 O Question 7 O Question 8 O Question 9 Time Remaining: 01:20:19 Next* Homework Help - Q& x P Midterm Exam - Fall 2 x G A person purchased a x C | Chegg.com X Desmos | Scientific C. X C | Chegg.com X C How long will it take $ x + CD mylab.pearson.com/Student/PlayerTest.aspx?testld=246834802 Fundamental Mathematics I - Fall 2022 40223482 Student 10/26/22 1:17 PM E Test: Midterm Exam - Fall 2022 Question 4 of 20 This test: 20 point(s) possible This question: 1 point(s) possible Submit test Question list K Use the commission schedule from Company A shown in the table to find Principal (Value of Stock) Commission the annual rate of interest earned on the investment. (Note: commissions Under $3,000 $25 + 1.8% of principal are rounded to the nearest cent.) $3,000 to $10,000 $37 + 1.4% of principal Over $10,000 $107 + 0.7% of principal O Question 1 An investor purchases 101 shares at $11.09 a share, holds the stock for 42 weeks, and then sells the stock for $15.63 a share. O Question 2 The annual rate is %%. (Round to five decimal places.) O Question 3 O Question 4 O Question 5 O Question 6 O Question 7 O Question 8 O Question 9 Time Remaining: 01:19:58 Next