Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions

Question

+3. How are ideal points used in MDS procedures?

Answered: 1 week ago