Questions 6-10

A certain area of forest is populated by two species of animals, which scientists refer to as A and B for simplicity. The forest supplies two kinds of food, referred to as F_1 and F_2. For one year, species A requires 1.4 units of F_1 and 1.1 units of F_2. Species B requires 2.4 units of F_1 and 18 units of F_2. The forest can normally supply at most 987 units of F_1 and 495 units of F_2 per year. What is the maximum total number of these animals that the forest can support? A) 198 animals B) 1058 animals C) 449 animals D) 353 animals Find the amount of compound interest earned. $6000 at 7% compounded annually for 3 years A) $3,066,000.00 B) $13,260.00 C $1373.26 D) $1350. Find the effective rate corresponding to the given nominal rate. Round to the nearest hundredth. 7% compounded quarterly A) 7.23% B) 7.00% C) 7.19% D) 7.12% Find the amount of each payment to be made into a sinking fund so that enough will be present to accumula following amount. Payments are made at the end of each period. The interest rate given is per period. $8900, money earns 7% compounded annually: 15 annual payments A) $319.13 B) $354.17 C) $225.80 D) $394. Tasha borrowed $ 11,000 to purchase a new car at an annual interest rate of 6.7%. She is to pay it back in equal monthly payments over a 4 year period. How much total interest will be paid over the period of the loan? Round to the nearest dollar. A) $61 B) $2671 C) $842 D) $1570