Questions from Financial Algebra

Q: Naoko has these daily balances on his credit card for September’s billing

Naoko has these daily balances on his credit card for September’s billing period. He paid his balance from the August billing in full. 2 days @ $99.78 15 days @ $315.64 11 days @ $515.64 2 days @...

Q: Interpret the quote in the context of what you learned about credit

Interpret the quote in the context of what you learned about credit and charge cards in this section.

Q: Gino has a debit card. The account pays no interest.

Gino has a debit card. The account pays no interest. He keeps track of his purchases and deposits in this debit card register. Find the missing entries a–f.

Q: A profit function is determined to be P = -200p2 +

A profit function is determined to be P = -200p2 + 116,000p - 21,191,200. Find the roots of the equation. Are they real or complex? If complex, what does this imply about the profit function?

Q: Determine the cost of the points and the new interest rate for

Determine the cost of the points and the new interest rate for each loan amount and interest rate. Assume each point costs 1% of the loan amount. a. $400,000, original APR 4.1%, 1 point with a 0.2% d...

Q: Mike and Julie receive $20,000 in gifts from friends

Mike and Julie receive $20,000 in gifts from friends and relatives for their wedding. They deposit the money into an account that pays 2.75% interest, compounded daily. a. Will their money double wit...

Q: Investigate the difference between compounding annually and simple interest for parts a

Investigate the difference between compounding annually and simple interest for parts a–j. Round to the nearest cent. a. Find the simple interest for a 1-year CD for $5,000 at a 2.5% interest rate....

Q: Examine the graph below. It shows the global iPhone phone sales

Examine the graph below. It shows the global iPhone phone sales by year in millions of units sold. a. Write nine ordered pairs with the first coordinate being the year number and the second being th...

Q: Rhonda wants to take out a 30-year, $280

Rhonda wants to take out a 30-year, $280,000 loan with a 4.4% APR. She is considering purchasing 2 points, which will decrease her APR by 0.125% per point. Each point will cost 1% of her loan. Compare...

Q: A company produces a security device known as Toejack. Toejack is

A company produces a security device known as Toejack. Toejack is a computer chip that parents insert between the toes of a child, so parents can track the child’s location at any time using an online...