Basic Math question and answers for December 31, 2023
- Q Suppose you want to have $400,000 for retirement in 30 years. Your account earns 5% interest. Round your answers to the nearest cent.a) How much would you need to deposit...
- Q You deposit $3000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 15 years?
- Q You can afford a $450 per month car payment. You've found a 3 year loan at 4% interest. How big of a loan can you afford?
- Q You have $300,000 saved for retirement. Your account earns 3% interest. How much will you be able to pull out each month, if you want to be able to take...
- Q You want to buy a car. The loan amount will be $21,000. The company is offering a 4% interest rate for 36 months (3 years). What will your monthly payments...
- Q You can afford a $1100 per month mortgage payment. You've found a 30 year loan at 7% interest.a) How big of a loan can you afford? Round your answer to...
- Q You deposit $4000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 25 years?
- Q You want to buy a car. The loan amount will be $27,000. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments...
- Q Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. Round your answers to the nearest cent.a) How much would you need to deposit...
- Q The amount of $840 is invested quarterly at 3.9% compounded semi-annually for 12 years. The balance in the fund is then converted into an annuity. paying $380 at the end...
- Q find the amount of money owed at the end of four years if 60,000 is well at 5% per year compounded weekly and no payments are made on the loan...
- Q Suppose a bank has $500,000 in deposits and a required reserve ratio of 10 percent. Then required reserves areMultiple Choice$50,000$5,000,000.$500,000.$10,000,
- Q Considering the following bond:12 year, semi-annual bond, 0.075 coupon, 0.04 YTM. Par is 1000. What should be the price of this bond?O 1,317.28O 1,290.66O 1,304.64O 1,330.99
- Q A person invested $6500 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $721. The amount of...
- Q 3. Which situation makes a monthly loan payment increase?a. Changing the loan term from 5 years to 4 yearsb. Changing the interest rate from 6% to 5%c. Using $500 from...
- Q Suppose you deposit $5000 at 7% interest compounded continously. Find the average value of youraccount during the first 4 years.
- Q An investment broker deposits $10,000 into an account that earns 6% interest that is continuously compounded.What is the value of the investment after 5 years? Use the formulaA(t) = Pe^tO...
- Q A SCHOLARSHIPS FOUR OF EIGHT FINALISTS WILL BE SELECTED AND AWARDED 10 000 SCHOLARSHIPS IN HOW MANY WAYS CAN THIS SELECTION BE MADE B PRIZES A TEACHER DECIDES TO GIVE...
- Q Rewrite this number in appropriate scientific notation 905
- Q Betsy a recent retiree requires 6 000 per year in extra income She has 70 000 to invest and can invest in B rat bonds paying 15 per year or...
- Q What percent of 200 is 190
- Q What is the probability that either event A or event B will occur Start by finding the probability of event A 4 19 3 19 A 10 19 P A...
- Q The impulse response of the discrete causal system is y n 2y n 1 3x n 1 is 01 h n 3 2n 2u n 2 O 2 h n...
- Q The minimum sampling rate necessary to reconstruct the sampled version of the signal 10 cos 60nt 5 sin 120nt 7 is x t O 1 60 samples sec O 2...
- Q 5 The integration 10 cos 4nt t 1 dt 5 8 O 1 10 O 2 40 O 3 None of the answers O 4 40pi O 5 20pi
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