Project #72024 - math midterm

Hi this is my math midterm

I'm sure someone here will be able to help me finish these !

Thank you for your help!

Hello here is the midterm:

1) Find the absolute change and relative (percent) change in the following:

Jean's new business sold 759 computers in 2010 and 1370 computers in 2014 Round percent to nearest tenth of a percent.

2) Show whether the following statement is true or false. If the statement is false, state the true percent change ( round to nearest 10th of a percent.) Use 100$ as your initial value.

The national economy increased by 2.0% a year for four consecutive years. Therefore, the econommy increased by 8% over the four years.

3) You want to start a monthly deposit plan to build up your savings.

Your goal is to have $1,000,000 in a retirement account with an apr Of 7.2% by the time you are 75.

a) Assuming you are currently 25 years old, how much should your monthly payment be to achieve this goal? ( round to the nearest penny)

Assume interest compounds monthly and payments are monthly

b) Compare the $1,000,000 you earned to the total amount you deposited over the 50 years. How much interest in dollars did you earn?

4) You take out a 30 year mortgage of $320,000 with a fixed APR of 3,9% ( assume interest compounds monthly)

a) Calculate your monthly payment ( do not round until you reach your final answer round to the nearest penny).

b) How much did you end up paying in interst ( round to the nearest tenth of a percent)?

5) Based on the APR picture

a) find the inflation rate from the year 2000 to 2001 ( round to nearest 10th of a percent)

b) if a candy bar costs $1.00 in the year 2000 how much will it cost in 2001? ( round to nearest penny)

Subject Mathematics
Due By (Pacific Time) 05/26/2015 12:00 am
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