Help with these Liberal Math questions today now please.

 

 

1.A person earns $23,600 one year and gets a 5% raise in salary. What is the new salary? (formula is ,change percent increase to decimal form and sole for x in the following equation. 5%= x-old salaryx100 over old salary

 

 

 

 

A U.S.-based motorcycle manufacturer says that it expects to build 145,000 motorcycles this year, up from 135,000

last year. Find the percent of increase in production ((Round to one decimal place as needed.)

 

 

Use the formula for computing future value using compound interest to determine the value of an account at the end of 10 years if a principal amount of $2,500 is deposited in an account at an annual interest rate of 5% and the interest is compounded daily. (Assume there are 365 days in a year.) The amount after 10 years will be $?

(Round to the nearest cent as needed.)

 

 

4. Compute the monthly payments for an add-on interest loan of $2920, with an annual interest rate of 12 percent and a term of 4 years. The monthly payment is? (Round to the nearest cent.)

 

5.Angela's bank gave her a 3-year add-on interest loan for $7,610 to pay for new equipment for her antiques restoration business. The annual interest rate is 10.29%. How much interest will she pay? What are her monthly payments? (Round to the nearest cent.)

 

 

6. Using the unpaid balance method, find the current month's finance charge on a credit card account having the following transactions.

Last month's balance: $795

Last payment: $180

Annual Interest rate: 18%

Purchases:  $410

Returns: 264

The finance charge is?.

(Round to the nearest cent.)

 

7. Find the APR of the loan given the amount of the loan, the number and type of payments, and the add-on interest rate. Loan amount, $9,000; three yearly payments; rate =10%

The annual percentage rate is? (Type an integer or a decimal.)

 

 

8. Think of the rent-to-own agreement as though it were an add-on loan. If the consumer rents until the item is paid for, find the finance charge per $100 financed. Michael rents a TV worth $360 for monthly payments of $14. After 3 years he will own the TV.

The finance charge is $ per $100 financed

 

 

9.Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they deposit at 
a 9.6% annual interest rate, compounded annually in order to have $30,000 in the fund at the end of 10 
years? They should deposit (Round up to the nearest cent.)

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Status NEW Posted 21 Apr 2017 06:04 AM My Price 8.00

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