Topic
Q:
Tebogo made an initial deposit of R15 000 into an account that paid interest at
\( 9.6 \% \) p.a, compounded quarterly. Six months later she withdrew RS 000 from the
accours. Two years after the initial deposit she deposited another R3 500 into this
account. How much does she have in the account 3 years after her initial deposit?
Q:
Question 4 of \( 5> \) possible
This question: 2
point(s) possible Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given.
Q:
\( 1 \leftarrow \quad \begin{array}{l}\text { Find the present value (the amount that should be invested now to accumulate the following amount) if the money is } \\ \text { compounded as indicated. }\end{array} \)
Q:
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is
compounded as indicated.
Q:
Allen's monthly take-home pay is \( \$ 3000 \), and his monthly rent is \( \$ 750 \). If both
his monthly take-home pay and his rent increase by \( \$ 200 \), what percentage of
Allen's take-home pay will be used to pay rent?
A. \( 29.7 \% \)
B. \( 25.0 \% \)
C. \( 23.4 \% \)
D. \( 31.7 \% \)
Q:
Find the compound amount for the deposit and the amount of interest earned.
\( \$ 5900 \) at \( 9 \% \) compounded quarterly for 2 years
The compound amount after 2 years is \( \$ \square \).
(Do not round until the final answer. Then round to the nearest cent as needed.)
Q:
Reggie heard that as a general rule, he should save at least \( 10 \% \) of his take-
home pay. If Reggie's take-home pay is \( \$ 2340 \) per month, what is the
minimum amount per year that he should save?
A. \( \$ 234 \)
B. \( \$ 195 \)
C. \( \$ 2106 \)
D. \( \$ 2808 \)
Q:
Garrett is looking into getting an apartment that costs \( \$ 950 \) per month. How
much does he need to make per year in order to comfortably afford this much
in rent?
A. \( \$ 49,400 \)
B. \( \$ 25,300 \)
C. \( \$ 26,500 \)
D. \( \$ 46,600 \)
Q:
\begin{tabular}{l|l|l} Fritz Benjamin buys a car costing \( \$ 24000 \). He agrees to \\ make payments at the end of each monthly period for. 4 \\ years. He pays \( 10.8 \% \) interest, compounded monthly. \\ What is the amount of each payment? Find the total \\ amount of interest Fritz will pay. \end{tabular}
Q:
If the national average for a gallon of gas is \( \$ 2.74 \), how much should you
expect to pay for gas in New York versus Los Angeles?
\( \begin{array}{l}\text { A. } \$ 2.75 / \$ 3.24 \\ \text { B. } \$ 1.95 / \$ 2.59 \\ \text { C. } \$ 3.29 / \$ 2.96 \\ \text { D. } \$ 3.03 / \$ 2.75\end{array} \).
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