# Math

posted by .

Need help with my practice review. Thanks

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?

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 -

I 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 -

No, 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 -

I 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...

## Similar Questions

1. ### math

I can not solve this problem it's kind of hard for me can anyone please help me out. Thanks 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?
2. ### math

If inflation is 6% a year compounded annually, what will it cost in 21 years to buy a house currently valued at \$230,000?
3. ### math

Inflation is running 2% per year when you deposit \$1000 in an account earning interest of 13% per year compounded annually. In constant dollars, how much money will you have two years from now?
4. ### MATH

Find the cost of a home in 20 years, assuming an annual inflation rate of 4%, if the present value of the house is \$285,000. (Round your answer to the nearest cent.)
5. ### MATH

Find the cost of a home in 20 years, assuming an annual inflation rate of 2%, if the present value of the house is \$280,000. (Round your answer to the nearest cent.
6. ### Math

Suppose an insurance agent offers you a policy that will provide you with a yearly income of 50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually?
7. ### algebra

Suppose that an insurance agent offers you a policy that will provide you with a yearly income of \$30,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 3% compounded annually?
8. ### math

Suppose that an insurance agent offers you a policy that will provide you with a yearly income of \$80,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 4% compounded annually?
9. ### finance

Suppose that an insurance agent offers you a policy that will provide you with a yearly income of \$50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually?
10. ### Math

If the inflation rate averages, 3% per year compounded annually for the next 5 years, what will the car currently selling for \$17,000 cost 5 years from now?

More Similar Questions