Multiply; round off monetary products to the nearest cent. Do not round off the non-monetary products.
a. 326.3 1.065 b. 76.44 6.7 c. 25.65 4.27
Q. 2Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
a. How much must you deposit today into an account that pays 12 compounded quarterly to have 9,00 . in 3 years?
b. How much must you lend today at 8 compounded semiannually to be repaid a total (principal and interest) of 23,400 in 8 years?
Q. 3Multiply; round off monetary products to the nearest cent. Do not round off the non-monetary products.
a. 5.193 6.2 b. 4.87 25.2 c. 9.486 0.037
Q. 4Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
a. Compute the amount that you must lend today at 10 compounded semiannually to be repaid a total (principal and interest) of 10,00 . in 13 years.
b. Compute the amount that you must invest today at 12 compounded annually to have 1,500 in 3 years.
Q. 5On Tuesday, a produce market sold 11.8 pounds of tangerines, 18.3 pounds of oranges, and 12.5 pounds of grapefruit. On Saturday, it sold 19.4 pounds of tangerines, 31.7 pounds of oranges, and 22.6 pounds of grapefruit. How many more pounds of these fruits did the market sell on Saturday than on Tuesday?
Q. 6Alexander Carver loaned 3,00 . to Bonnie Humphrey for a vacation trip. Compute the loan period if Alexander charged 10 exact simple interest (365-day year) and Bonnie repaid a total of 3,082.19 . (To the nearest day.)
Indicate whether the statement is true or false
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