Friday

December 19, 2014

December 19, 2014

Posted by **Chayo** on Wednesday, July 8, 2009 at 11:44am.

1.If inflation is 6% a year compounded annually, what will it cost in 21 years to buy a house currently valued at $230,000? Round to the nearest cent.

2.A small company borrows $50,000 at 11% compounded monthly. The loan is due in 4 years. How much interest will the company pay? Round to the nearest cent.

3.By switching service providers, a family's telephone bill decreased from about $50 a month to about $47. What was the percent of decrease?

4.A child's dose of medicine is 1/6 of a pre-measured dose cup. If the bottle of medicine is the size of 9 dose cups, how many children's doses are there in the bottle?

5.Find the best buy.

Brand X: 16 oz for $6.08

Brand Y: 12 oz for $4.32

A)Brand X

B)Equal value

C)Not enough information

D)Brand Y

- Math -
**Reiny**, Wednesday, July 8, 2009 at 11:53amI will do #2, the hardest.

Amount of loan in 4 years

= 50000(1 + .11/12)^48

= ...

to find the interest charged subtract 50000 from the above result (I don't have a calculator handy)

How about letting me know what you have done so far for the rest.

The purpose of this site is not to do the assignments for you.

- Math -
**Chayo**, Wednesday, July 8, 2009 at 12:00pmNo, I know I totally understand the reason that I come to this website is to get tutored only. I will post I have done for the rest so if I did an error some one can correct me.

- Math -
**Chayo**, Thursday, July 9, 2009 at 3:15pmI still not get it what do you mean by ( 1 + . 11/12)^48 where did you get .11/12 and ^48 I'm so lost. Aslo me and my husband tried working out the first problem and it's so difficult to solve we tried it so many ways and we just can't get the correct anwer. Any tips please...

**Answer this Question**

**Related Questions**

math - If inflation is 6% a year compounded annually, what will it cost in 21 ...

math - I can not solve this problem it's kind of hard for me can anyone please ...

finance - can anyone help me set up this problem bc im totally lost.... if a ...

math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...

math - Inflation is running 2% per year when you deposit $1000 in an account ...

Math 12 - Melinda and Milan both need a place to live. Melinda has decided to ...

Calculus - The Estradas are planning to buy a house 5 years from now. Housing ...

math - Inflation is currently causing the cost of items to increase by about 2.5...

Math - A house cost $85,000. The price of the house will raise 5% each year. If...

Finances and Math - Can someone please help me solve these problems or help me ...