# Math

1. Provide an appropriate response.

True or False? 100.567 is between 10 and 100.

2. Use an annual percentage rate table to solve the problem.

A family purchased a new ski boat for \$20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.

A) Total finance charge = \$3478.40; Monthly payment = \$541.07
B) Total finance charge = \$3232.00; Monthly payment = \$645.33
C) Total finance charge = \$1654.40; Monthly payment = \$490.40
D) Total finance charge = \$1523.20; Monthly payment = \$486.76

3. Solve.

Determine the total payment over the term of a student loan of \$53,568 at a fixed APR of 8% for 16 years.

A) \$95,129.06
B) \$95,206.95
C) \$95,160.22
D) \$95,106.79

4. Solve the problem. Round to the nearest cent.

Bob deposits \$5000 at the end of each year in an ordinary annuity paying 12% interest compounded annually. Find the amount he will have on deposit after 8 years.

A) \$61,498.47
B) \$50,445.06
C) \$56,498.47
D) \$73,878.28

5. Solve the problem. Round to the nearest cent.

Sandra deposits \$3000 in an ordinary annuity at the end of each semiannual period at 8% interest compounded semiannually. Find the amount she will have on deposit after 17 years.

A) \$195,628.58
B) \$206,573.73
C) \$109,350.73
D) \$209,573.73

6. Solve the problem. Round to the nearest cent.

Joan wants to have \$250,000 when she retires in 27 years. How much should she invest annually in her annuity to do this if the interest is 7% compounded annually?

A) \$1861.10
B) \$3356.43
C) \$2672.15
D) \$937.86

7. Find the correlation coefficient for the given data.

The scores of 10 students on their midterm exam (x) and on their final (y) yielded the following data.

Σx = 638 Σx2 = 43,572
Σy = 690 Σy2 = 49,014
Σxy = 44,636

A) 0.214
B) 0.164
C) 0.547
D) 0.306

1. 0
2. 0
3. 39
1. aaaaaaa

1. 0
2. 0
posted by sew
2. Go look at your textbook, it is not honest, or beneficial to you to just ask for the answers to your homework problems

1. 0
2. 0
posted by teacher
3. 2. Use an annual percentage rate table to solve the problem.

A family purchased a new ski boat for \$20,000. The loan agency required a down payment and financed the balance for 36 months with an APR of Determine the total finance charge and monthly payment for the loan.

A) Total finance charge = \$3478.40; Monthly payment = \$541.07
B) Total finance charge = \$3232.00; Monthly payment = \$645.33
C) Total finance charge = \$1654.40; Monthly payment = \$490.40
D) Total finance charge = \$1523.20; Monthly payment = \$486.76

1. 0
2. 0
posted by Anonymous

1. 0
2. 0
posted by Nanette

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