Project #7241 - Contemporary math

1. Suppose you inves $5000 and would like to your investment to grow to $10,000 in 8 years. What interest rate compounded weekly, would you have to earn in order for this to happen?

2. George brought a house in 1980 for $67,000 and sold it in 2002 .  If the 1980 CPI is 96.5 and the 2002 CPI is 177.7, how much would the house be worth in 2002 dollars?

3. A 5.8% discounted loan is repaid in monthly installments over two years.  The amount borrowed was $1,200.  How much is the monthly payment?

4. Sam takes out a conventional loan to purchase a car.  The interest rate is 4.8% compounded quarterly and Sam has 4 years to repay the $8000he borrowed.  What are Sam's quarterly payments?

5. If I invest $20 each month into an annuity earning 9.2% each month.  How much would I have at the end of 15 years?

Subject Mathematics
Due By (Pacific Time) 06/04/2013 12:00 pm
Report DMCA
TutorRating
pallavi

Chat Now!

out of 1971 reviews
More..
amosmm

Chat Now!

out of 766 reviews
More..
PhyzKyd

Chat Now!

out of 1164 reviews
More..
rajdeep77

Chat Now!

out of 721 reviews
More..
sctys

Chat Now!

out of 1600 reviews
More..
sharadgreen

Chat Now!

out of 770 reviews
More..
topnotcher

Chat Now!

out of 766 reviews
More..
XXXIAO

Chat Now!

out of 680 reviews
More..
All Rights Reserved. Copyright by AceMyHW.com - Copyright Policy