ch 4 trev sp 11 199 - Name Math199 Ch4Review/Quiz Direction...

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Name___________________ Math 199 Ch 4 Review/Quiz 1 Direction: Work problems out completely. No work no credit. Write neatly so I can read it. Make sure you go in one direction(left-right or up-down). Circle final answers. Each is worth 2 points. If you use a calculator, write down what the screen look likes, in space provided. 1. Allan borrowed $ 6000 from his father to buy a car. He repaid him after ______ with interest of ____% per year. Find the total amount he repaid. a. 2 yrs, 8% C D b. 1.5 yrs, 3% C_C. c. 9 mths, 11% SI. N= I%= PV= PMT= FV= P/Y= C/Y= PMT=END BEGIN 2. An amount of $2000 is invested in a ______ trust fund that pays 5.2% per year. What is the total amount of the trust fund at the end of _____? How much interest did you earn? a. 15 mths, SI. b. 4ys, C_C. c. 10 yrs, C Q. N= I%= PV= PMT= FV= P/Y= C/Y= PMT=END BEGIN Abbreviations: Months=mths, Years=yrs Simple Interest=SI, Compound Interest=C Annually=A, Semiannually=S, Quarterly=Q, Monthly=M, Daily=D. Compounded Continuously=C_C
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Name___________________ Math 199 Ch 4 Review/Quiz 2 3. Find the effective rate of interest corresponding to a nominal rate of 10% per year compounded:( Round answer to two decimal places.) a. Semiannually b. Quarterly c. Monthly d. Daily 4. Martin takes out a three loans, they are the following:
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This note was uploaded on 06/09/2011 for the course MTH 199 taught by Professor Staff during the Spring '08 term at Sam Houston State University.

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ch 4 trev sp 11 199 - Name Math199 Ch4Review/Quiz Direction...

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