Question 9: (1 point)

The Body Mass Index (BMI) is a number often used to determine if an individual has a healthy body mass. The function for finding an individual's BMI is:

f(w,h)=720w

h

2

What is the BMI for a person whose weight is 197 lbs and whose height is 62 inches?

____________

(Round to two decimal places)

uestion 12: (1 point)

Use the appropriate function in Excel to answer the following question.

How much money would you have in a savings account at the end of 5 years if the following assumptions were true?

• You make payments of $20 a month to your savings account every month for 5 years.
• Your savings account has a fixed APR of 1.7%.Note: A fixed APR is an annual interest rate that does not change during the 5-year period.
• You will not take any money out of your savings account during this 5-year period.
• You have no beginning balance.

____________

(Round to the nearest cent)

Question 13: (2 points)

Use the appropriate function(s) in Excel to answer the following questions.

How much would your monthly payment be on a 5-year loan if the following assumptions were true?

• You borrowed $7,400.
• The fixed APR on the loan is 4.7%.Note: A fixed APR is an annual interest rate that does not change during the 5-year period.
• You will make equal monthly payments to repay both the loan amount and the monthly interest charges.
• You want to completely pay off the loan in exactly 5 years.

____________

(Round to the nearest cent, do not include a negative sign)

Note: while this money is "leaving your wallet" the negative sign should not be included in the numeric answer because it is already implied by the word "payment"

What is the total amount that you would pay to the bank over this 5-year period?

Hint: Be sure to use your rounded answer from the previous step in the calculation of this answer.

____________

(Round to the nearest cent, do not include a negative sign)

How much total interest would you have paid to the bank?

____________

(Round to the nearest cent, do not include a negative sign)