Could somebody please help me with a few Math questions?
1. Provide an appropriate response.
True or False? 100.567 is between 10 and 100.
2. Use an annual percentage rate table to solve the problem.
A family purchased a new ski boat for $20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.
A) Total finance charge = $3478.40; Monthly payment = $541.07
B) Total finance charge = $3232.00; Monthly payment = $645.33
C) Total finance charge = $1654.40; Monthly payment = $490.40
D) Total finance charge = $1523.20; Monthly payment = $486.76
3. Solve.
Determine the total payment over the term of a student loan of $53,568 at a fixed APR of 8% for 16 years.
A) $95,129.06
B) $95,206.95
C) $95,160.22
D) $95,106.79
4. Solve the problem. Round to the nearest cent.
Bob deposits $5000 at the end of each year in an ordinary annuity paying 12% interest compounded annually. Find the amount he will have on deposit after 8 years.
A) $61,498.47
B) $50,445.06
C) $56,498.47
D) $73,878.28
5. Solve the problem. Round to the nearest cent.
Sandra deposits $3000 in an ordinary annuity at the end of each semiannual period at 8% interest compounded semiannually. Find the amount she will have on deposit after 17 years.
A) $195,628.58
B) $206,573.73
C) $109,350.73
D) $209,573.73
6. Solve the problem. Round to the nearest cent.
Joan wants to have $250,000 when she retires in 27 years. How much should she invest annually in her annuity to do this if the interest is 7% compounded annually?
A) $1861.10
B) $3356.43
C) $2672.15
D) $937.86
7. Find the correlation coefficient for the given data.
The scores of 10 students on their midterm exam (x) and on their final (y) yielded the following data.
Σx = 638 Σx2 = 43,572
Σy = 690 Σy2 = 49,014
Σxy = 44,636
A) 0.214
B) 0.164
C) 0.547
D) 0.306
4 answers
A family purchased a new ski boat for $20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.
A) Total finance charge = $3478.40; Monthly payment = $541.07
B) Total finance charge = $3232.00; Monthly payment = $645.33
C) Total finance charge = $1654.40; Monthly payment = $490.40
D) Total finance charge = $1523.20; Monthly payment = $486.76
1 answer