1. If you want to earn 4% annual simple interest on an investment, how much should you pay for a note that will be worth $23,300.00 in 6 months.
2. A firm buys 24 computers at $725 each, with the bill due in 90 days. How much must the firm deposit now to have enough to pay the bill if money is worth 12% per year (in simple interest). Use 360 days per year. You must deposit $_________ now to be able to pay the bill in full when it comes due (round to the nearest cent).
3. A couple bought stock for $35.00 per share that pays a dividend of $1.49. After one year the price of the stock was $39.46. The simple interest rate on the growth of their investment is
4. How much should you invest now at 2 1/2% simple annual interest in order to earn $120 interest in 11 months?