Questions from Financial Algebra

Q: If a family from the data set in question 2 had a

If a family from the data set in question 2 had a z-score of 1.5, what was their daily expense for food and lodging?

Q: Janine opens a savings account with a deposit of $720.

Janine opens a savings account with a deposit of $720. The account pays 1.4% interest, compounded daily. What is the first day’s interest? Round to the nearest cent.

Q: Laura deposits $2,000 in an account that has an

Laura deposits $2,000 in an account that has an annual interest rate of 1.96%, compounded monthly. How much interest will she earn at the end of 1 month? Round to the nearest cent.

Q: Explain how that quote can be interpreted in light of what you

Explain how that quote can be interpreted in light of what you have learned in this lesson.

Q: Create a year-long budget check-off chart to chart

Create a year-long budget check-off chart to chart the following transportation related expenses: Fuel: monthly; Insurance: quarterly; Car maintenance: every 3 months; Car wash: bimonthly; Parking: se...

Q: Create a year-long budget to chart these expenses: Savings

Create a year-long budget to chart these expenses: Savings: $600 bimonthly (starting in January); Retirement account: $2,000 quarterly; Checking account: $1,000 semi-monthly; Credit card: $500 monthly...

Q: Use the pie chart of a monthly entertainment budget.

Use the pie chart of a monthly entertainment budget. a. Suppose $600 was budgeted. Determine the exact amount for each category. b. Suppose $72 was budgeted for day trips. What would be the total...

Q: Use the pie chart of a person’s monthly income.

Use the pie chart of a person’s monthly income. a. Suppose the total monthly income is $5,800. Determine the amounts in each income category. b. Suppose the income from the second...

Q: Rachel’s health-related budget is as follows: The percentage budgeted

Rachel’s health-related budget is as follows: The percentage budgeted for health insurance is four times the percentage for health club dues. The percentage budgeted for prescriptions is equal to one-...

Q: Construct a pie chart that shows the following transportation-related expenses

Construct a pie chart that shows the following transportation-related expenses: Fuel: $240; Insurance: $80; Public transportation: $200; Parking garage: $120; Repairs: $160.