MATH 1108 Midterm: MIDTERM REVIEW MATH 1108 FINITE FOR BUSINESS

• School: Fordham University
• Department: Mathematics
• Course: MATH 1108
• Professor: Jack Wagner

Document Summary

215shares at 45. 75each holds300days sells for 51. 90each n. A p 1 trt t 3 00 0. 833. When asked compounded interest equivalent to simple interest rate. Example na paysz ampanaedaaiy rate is the equivalent simple interest. Grandparents deposited college education how much money tonearest dollar will be in the account. It years from now if a the account earns 7 years. You want to set up an education account for yourchild andwould like to have. 75000 after 15years the account pays 5. 6 interest compounded semiannually andyouwould like to depositevery6months howlargeshouldbeeachdeposit in order to reach your goal. 8 la every 6months in orderto accumulate 75000 after. A credit card company charges a 22 annual rate for overdue accounts. 635 account 4 month overdue interest will be owed on a. The annual interest rate on a credit card is 24. 99 howlong will an unpaid balance of made each month ltt. li.