Questions from Financial Algebra

Q: Talia bought a $5,000 Pelts Corp bond. The

Talia bought a $5,000 Pelts Corp bond. The bond pays 5.95% annual interest. How much will Talia receive in interest if she holds the bond for 11 years?

Q: Ghada works for an insurance company as an accident reconstruction expert.

Ghada works for an insurance company as an accident reconstruction expert. She measured a 52-ft chord from the outer rim of the yaw mark on the road surface. The middle ordinate measured x ft in lengt...

Q: Cargo is tied with rope on the roof of a 4.

Cargo is tied with rope on the roof of a 4.5-foot-tall car. The car travels down a road at 40 mi/h and hits a concrete barrier and the rope snaps, allowing the cargo to propel forward. Find the time i...

Q: A minivan is traveling at 80.5 kilometers per hour.

A minivan is traveling at 80.5 kilometers per hour. Cargo is strapped to the roof at a height of 1.75 meters. The car hits a concrete barrier, and the cargo is ejected from the roof. Use the following...

Q: How might the quote by Baldwin apply to what you have learned

How might the quote by Baldwin apply to what you have learned in this section?

Q: Laura deposits $10,000 into an account that compounds interest

Laura deposits $10,000 into an account that compounds interest continuously at a rate of 2.2%. To the nearest tenth of a year, how long will it take her money to grow to $10,800?

Q: Ben has been accepted into a 2-year culinary arts program

Ben has been accepted into a 2-year culinary arts program at the Greenfield Career Institute. He has been approved for a $5,000 unsubsidized 10-year federal loan at 4.29%. He knows he has the option o...

Q: Juan purchased a tool set for t dollars on the installment plan

Juan purchased a tool set for t dollars on the installment plan. He made a 15% down payment and agreed to pay m dollars per month for the next y years. Express the finance charge algebraically.

Q: Blair had these daily balances on his credit card for his last

Blair had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 18.6%. 2 days @...

Q: Kim’s credit card was not paid in full last month so she

Kim’s credit card was not paid in full last month so she will pay a finance charge this month. She had an average daily balance of d dollars during this billing period, which had 31 days. The APR was...