Question
Q1. If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $33,218.90 on September 30, 2018.
Q1. If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $33,218.90 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)
________.
Q2. For each geometric sequence given, write the next three terms
a4,a5, anda6.
(a) 4,12,36,
a4 | = |
a5 | = |
a6 | = |
(b) 256,192,144,
a4 | = |
a5 | = |
a6 | = |
(c) 0.5,2,8,
a4 | = |
a5 | = |
a6 | = |
Q3. Find the sum of the first163terms of the arithmetic sequence 14,11,8,...
Q4. In your own word explain each type of interest. For each type of interest show what types of items you can purchase with simple interest. Go and purchase an item you would like that is covered by simple interest. Find the current interest rates for simple interest for a loan and calculate your interest on your loan and how much you are paying back to the lending company at the end of the loan.
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