Part 1. 1. Jeans with an original price of $65 are on sale at 25% off. What is the sale price of the 1. jeans? 2. A brand new video game system sells for $299. If the sales tax rate is 8.25%, how much 2. is the tax on the system? How much is the total cost of the video game system? 3. A dress regularly sells for $137. The sale price is $102.75. Find the discount and the 3. percent of the discount. 4. The price of an item is reduced by 40% of its original price. A week later it is reduced 4. by 20% of the reduced price. The cashier informs you that there has been a total reduction of 60%. Is the cashier using percentage correctly? If not, what is the actual percent reduction from the original price? 1:16 Files D Part 4. Effective Annual Yield y = (1+)*- 1 10. A saving account has a rate of 7.6%. Find the effective annual yield if the interest is compounded quarterly. Round to the nearest tenth of a percent. 10. 11. A saving account has a rate of 2.25%. Find the effective annual yield if the interest 11. is compounded monthly, Round to the nearest tenth of a percent. Part 5. Annuity A 12. Find the value of the annuity if the periodic deposit is $250 at 5% compounded quarterly 12. for 10 years. 13. Find the value of the annuity if the periodic deposit is $400 at 4% compounded monthly for 18 years. 13. 14. Find the value of the annuity if the periodic deposit is $1500 at 8% compounded 14. semiannually for 22 years. Am I DE Part 6. Finance Charge 15. The price of a boat that Arthur wants is $29,450. Arthur finances this by paying $6000 down and monthly payment of $792.22 for 36 months. a. Determine the amount to be financed. 15a. b. Determine the installment price. b. c. Determine the finance charge. . C. Part 7. Stock Market Price 16. Use yesterday's stock table for the company Icarus to answer the following questions. 52-Week Price Stock Symbol Dividend Annual Yield High Low Return (%) 28.38 15 Icarus ICR 0.41 1.1 a. What was the high price for Icarus stock over the last 52 weeks? 16a. b. If you owned 1000 shares of Icarus stock last year, what is the dollar amount of the b. dividend you received? c. What is the annual yield return for dividends alone? C. d. How many shares of Icarus stock were traded yesterday? d. e. What was the low price for Icarus stock yesterday? f. What was the price of Icarus stock at the close of the stock exchange yesterday? g. Compute Icarus's annual earnings per share using the formula below. 8. Annual Earnings Per Share = Yesterday's Closing Price per Share P/E Ratio
