Part 2 of the Final Exam

4/28/22. 7:08 PM Mail - Jackson Barash - Outlook 4/28/22, 7:08 PM Meal . Jackson Blarain - Outlook 4/23/22. T:19 PM Mail - Jackson Barath . Outlook What is the differer een simple interest and compound interest? (4 pts) 5. The following pie graph represents Michigan population by race. Michigan's current population is 1.033798x 10' people, Souror. A student borrows $ 10,250 to pay for their associate baldized student loan at 5.05% interest. MI Population by Race Assume a 10 year loan. You have $12.000 to invest for 5 years. Decide which in best. Explain why and show all your work. (8pts) Find the amount of interest that accrues if she graduates 2 years after acquiring the loan and payments A savings account offering 2.6% interest comp nded continuously begin 6 months after graduation (4 pts) savings account offering 2.85%. compounded monthly A string account offering 3.5% simple interest. () 4 45% White: 75 483 a. How many "Black or African American" people live in Michigan! Show your work. (4 pts) b. If her loan is a 10 year loan, what will be the monthly p vents assuming all conditions from a. (4 pts) b. How many degrees make up the sector "White' Round to the nearest degree. Show your work. (4 pts) Calculate the profit if you purchase 2174 shares of a stock currently worth $5.45 per share with a commission of 1.25 for both buying and selling and sell them for $7:35 per share at the end of the five years. (6 pts) C. What is the total cost of the student's education? Is the cost worth it? Explain your reasoning. (4 pts) L. The exact number of Black or African American people is 1400362 people. Why is your answer from a different? (4 pts) ButOTBUCHALIADVEROFK