Practice Questions

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practice questions for final
Yasmin Bani
FlashCards por Yasmin Bani, atualizado more than 1 year ago
Yasmin Bani
Criado por Yasmin Bani mais de 7 anos atrás
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Resumo de Recurso

Questão Responda
Find the accumulated amount after 3 years if $1000 is invested at 8% per year compounded continously 1271.25
Find the interest rate needed for an investment of $10,000 to grow an amount of $18,000 in 5 years if the interest is compounded monthly. 0.1181
How long will it take an investment of $6000 to double if the investment earns interest at the rate of 8% compounded continuously? 8.7 years
If the cost of a semiprivate room in a hospital was $580/ day 5 yr ago and hospital costs have risen at the rate of 8%/year since that time, what rate would you expect to pay for a semiprivate room today? $852.21 per day
In an agreement worked out with its banker, Denver assigns its royalty income of $4800/month for the next 3 yr from certain oil properties to the bank,with the first payment due at the end of the first month. if the bank charges interest at the rate of 9%/ year compounded monthly, what is the amount of the loan negotiated between the parties? $150,944.67
Solve 5ex+2=120 x=1.178
solve 6 ln x-7=12.2 24.5
simplify ln (x+4)2=3 0.482

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