Questions from Financial Algebra


Q: Arrange the following interest rates in ascending order: 3.4

Arrange the following interest rates in ascending order: 3.4%, 3.039%, 3% 3 16, 3.499%, 3%

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Q: Determine the distance covered by a car traveling 80 km/h

Determine the distance covered by a car traveling 80 km/h for each unit and time given. Round answers to the nearest unit. a. kilometers in 1 hour b. meters in 1 hour c. meters in 1 minute d. met...

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Q: A finite arithmetic sequence has 12 terms. The last term is

A finite arithmetic sequence has 12 terms. The last term is 100 and the common difference is 3. What is the first term?

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Q: Josh has a savings account at a bank that charges a $

Josh has a savings account at a bank that charges a $10 fee for every month his balance falls below $1,000. His account has a balance of $1,203.44 and he withdraws $300. What will his balance be in 6...

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Q: Linda’s savings account balance has fallen below the $1,000

Linda’s savings account balance has fallen below the $1,000 minimum balance required to receive interest. It is currently $871.43. The monthly fee charged by the bank for falling below the minimum is...

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Q: John, Paul, and George are having a disagreement over interest

John, Paul, and George are having a disagreement over interest rates. John says that 6 % 3 4 can be expressed as 6.75%. George thinks that 6 % 3 4 can be expressed as 0.0675. Paul remembers converting...

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Q: Beth and Mark would like to put some savings in the bank

Beth and Mark would like to put some savings in the bank. They most likely will not need this money for 4 years, so Beth wants to put it in a 4-year CD. Mark wants to put the money in a savings accoun...

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Q: Find the simple interest on a $2,350 principal deposited

Find the simple interest on a $2,350 principal deposited for 6 years at a rate of 2.77%.

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Q: Britta made her last monthly interest-only payment on May 5

Britta made her last monthly interest-only payment on May 5. Her next payment is due on June 5. What will be the amount of that interest-only payment? Britta has been accepted into a 2-year medical as...

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

Interpret the quote in the context of what you learned about home maintenance in this section.

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