MATH

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5. 1.5711.57 pornts I Previous Answers My Notes I SmithNMl 2 11.1.046.

Suppose that an insurance agent offers you a policy that will provide you with a yearly inconm of $80,000 in 30 yearc. What is the conparable salary today, assuming an inflation rate of 4olo cornpounded annually? (Round your answer to the nearest cent,)

$ 24665.50 qdf

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6. 1.5711.57 pdfis I Previous Answers MyNotes I SmithNMl 2 11.2.025.1

: Conveft the credit card nate to the APR 2

Oregon, Lio/o per nrcnth

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7. 1.57n.57 points I PreviousAnswers My Notes I SmithNMl2 11.2.031. , Calculate the rmnthly finance charge for the crcdit card transaction. Assunre that it . takes 10 days for a paynnnt to be received and recorded, and that the rmnth is 30 : days long. (Round your answers to the nearest cent.) I $500 balance, L4o/o, $50 paynrent

ta) previous balance nethod j $5.83 ,vf

(b) adjusted balance npthod

$ s.zs ef

(c) average daily balance nethod

$ 5.37 efl i::--i-i;-ii:l i:i

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8. -11.57 points MyNotes I SmithNMl2 11.2.045. htpsr//blakboard.sb4pr.€fu

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