Simple Interest
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Using the formula for simple interest and the given values find i
P= $300, r=5%, t=4 years; I=$
Use the formula for simple interest, I=prt to find the indicated quantity.
I=$144, r=8%, t=9 months; P=
P=$
Use the compound interest formula to find the present value for P, the following given values.
A=$23,600
i=0.044
n=108
P=$
Round to nearest cent
An investment company pays 5% compounded semiannually. You want to have $9000 in the future.
A. How much should you deposit now to have that amount 5 years from now?
$? Round to nearest cent.
B. How much should you deposit now to have that amount in 10 years from now?
$? Round to nearest cent
Use the continuous compound interest formula to find the indicated value.
A=$91,000, P=$74,803, r=9.8%, t=?
T= ? years Do not round until the final answer then round to two decimal places if needed.
Use the continuous compound interest formula to find the indicated value.
A=$26,054 P= $14,500, t= 72 months, r=?
r= ? %
round to three decimal places as needed
If the population of a particular country is growing at 3.8% compounded continuously, how long will it take the population to double?
The population will double in? years if it growing at 3.8% compounded continuously
Round to the nearest year
Find I (the rate per period) and n (the number of periods) for the following annuity.
Monthly deposits of $310 are made for 3 years into an annuity that pays 7.5% compounded monthly.
i= ? type an integer or decimal rounded to four decimal places as needed
Find i (the rate per period) and n (the number of periods) for the following annuity.
Monthly deposits of $345 are made for 5 years into an annuity that pays 7% compounded monthly
i= ? type an integer or decimal rounded to four decimal places as needed
n=?
Use the future value formula to find the indicated value
N=30, i=0.03, PMT=$77, FV=?
FV=$
Use the future value formula to find the indicated value.
FV=12,000 i=0.02, PMT=$300, n=
N=? round to the nearest integer as needed.
In order to accumulate enough money for a down payment on a house a couple deposits $611 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years.
Type the amount in the account $?
Round to nearest dollar
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$9000 i=0.02, PMT=$400 n= ?
Round to the nearest integer
E-Loan an online lending service recently offered 48 month auto loans at 3.6% compounded monthly to applicants with good credit rating. If you have a good credit rating and can afford monthly payments of $407, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
You can borrow? Round to two decimals places
You will pay a total of $ ? in interest round to two decimal places
If you buy a computer directly from the manufacturer for $2,573 and agree to repay it in 48 equal installments at 1.75% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid.
Your monthly payment is $ round two decimal places
The total interest paid is $ round two decimal places
P= $300, r=5%, t=4 years; I=$
Use the formula for simple interest, I=prt to find the indicated quantity.
I=$144, r=8%, t=9 months; P=
P=$
Use the compound interest formula to find the present value for P, the following given values.
A=$23,600
i=0.044
n=108
P=$
Round to nearest cent
An investment company pays 5% compounded semiannually. You want to have $9000 in the future.
A. How much should you deposit now to have that amount 5 years from now?
$? Round to nearest cent.
B. How much should you deposit now to have that amount in 10 years from now?
$? Round to nearest cent
Use the continuous compound interest formula to find the indicated value.
A=$91,000, P=$74,803, r=9.8%, t=?
T= ? years Do not round until the final answer then round to two decimal places if needed.
Use the continuous compound interest formula to find the indicated value.
A=$26,054 P= $14,500, t= 72 months, r=?
r= ? %
round to three decimal places as needed
If the population of a particular country is growing at 3.8% compounded continuously, how long will it take the population to double?
The population will double in? years if it growing at 3.8% compounded continuously
Round to the nearest year
Find I (the rate per period) and n (the number of periods) for the following annuity.
Monthly deposits of $310 are made for 3 years into an annuity that pays 7.5% compounded monthly.
i= ? type an integer or decimal rounded to four decimal places as needed
Find i (the rate per period) and n (the number of periods) for the following annuity.
Monthly deposits of $345 are made for 5 years into an annuity that pays 7% compounded monthly
i= ? type an integer or decimal rounded to four decimal places as needed
n=?
Use the future value formula to find the indicated value
N=30, i=0.03, PMT=$77, FV=?
FV=$
Use the future value formula to find the indicated value.
FV=12,000 i=0.02, PMT=$300, n=
N=? round to the nearest integer as needed.
In order to accumulate enough money for a down payment on a house a couple deposits $611 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years.
Type the amount in the account $?
Round to nearest dollar
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$9000 i=0.02, PMT=$400 n= ?
Round to the nearest integer
E-Loan an online lending service recently offered 48 month auto loans at 3.6% compounded monthly to applicants with good credit rating. If you have a good credit rating and can afford monthly payments of $407, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
You can borrow? Round to two decimals places
You will pay a total of $ ? in interest round to two decimal places
If you buy a computer directly from the manufacturer for $2,573 and agree to repay it in 48 equal installments at 1.75% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid.
Your monthly payment is $ round two decimal places
The total interest paid is $ round two decimal places
12 years ago
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