Questions from Financial Algebra

Q: Kayla wants to take out a $7,500 loan with

Kayla wants to take out a $7,500 loan with a 3.3% APR. She can afford to pay $128 per month for loan payments. a. What should be the length of her loan? Round to the nearest tenth of a year. b. What...

Q: Use the credit card statement and a blank credit card calendar.

Use the credit card statement and a blank credit card calendar. a. What is the total of all of the purchases made this billing cycle? b. What is the amount of total payments? c. What is sum of the...

Q: Go to www.cengage.com/financial_alg2e and

Go to www.cengage.com/financial_alg2e and download a blank check register. Add all of the following information to the check register. a. The balance on December 10 is $3,900.50. b. On December 11 c...

Q: Use the check register from Exercise 1. It is now 1

Use the check register from Exercise 1. It is now 1 month later, and the checking account statement has arrived. Does the account balance? Checking Account Statement Exercise 1: Go to www.cengage....

Q: Ralph deposited $910 in an account that pays 1.75

Ralph deposited $910 in an account that pays 1.75% simple interest for 3 years. Round to the nearest cent. a. How much interest did the account earn? b. What is the ending balance? c. How much inte...

Q: Jean owned x shares of a corporation and received a quarterly dividend

Jean owned x shares of a corporation and received a quarterly dividend check for y dollars. Express the annual dividend for one share algebraically.

Q: Rhonda deposits $5,600 in a savings account that pays

Rhonda deposits $5,600 in a savings account that pays 1½% interest, compounded semi-annually. Round to the nearest cent. a. How much interest does the account earn in the first 6 months? b. What is...

Q: Rebecca opened a savings account on March 20 with a $5

Rebecca opened a savings account on March 20 with a $5,200 deposit. The account pays 3.99% interest, compounded daily. On March 21 she made a $700 deposit, and on March 22 she made a $500 withdrawal....

Q: Find the simple interest on a $2,219.00

Find the simple interest on a $2,219.00 principal, deposited for 6 years at a rate of 1.91%. Round to the nearest cent.

Q: How might those words apply to what you have learned in this

How might those words apply to what you have learned in this lesson?