M 1313
Review for test 3
1
1.
Edward wants to start a savings plan through his credit union at work. He decides to
put $75 per month into the account that pays 4.375% annual interest compounded
monthly. How much will he have in the account at the end of 3 years?
2.
Steven wants to have $7,000 to pay for a trip he plans to take in 2 years. His bank pays
4.25% annual interest compounded monthly. How much should he deposit today in
order to have the money available in 2 years?
3.
Mike bought a new car for $27,500. He received a $2,500 tradein for his old car and
financed the rest at 10.5% annual interest compounded monthly for 5 years. What was
his monthly payment?
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M 1313
Review for test 3
2
4.
Of the students enrolled in Finite Math, 154 have had College Algebra, 49 have had
Business Calculus and 38 have had both and 26 have not have either class.
a.
How many students are enrolled in Finite Math?
b.
How many students have taken exactly one class?
5.
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 Spring '10
 AbdelnourAhmedZaid
 Math, Set Theory, Following

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