Assignment20

# Assignment20 - NAME UFID Suggested Exercises 20 Lecture 22...

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UFID - ___ ___ ___ ___ - ___ ___ ___ ___ Suggested Exercises 18 – Page 1 of 5 Suggested Exercises 20 – Lecture 22 When turning in this assignment, this sheet must be stapled to the front with all ORGANIZED scratch work behind it. Please write your final answers on this sheet in the answer block provided and circle your final answers on your scratch work copy. Scratch work should be appropriately spaced apart and numbered. In the following exercises you will be given a formula for determining the amount of money in an account g years after opening that pays compound interest. Identify the 1) Principal ( G ), 2) the APR ( ± ), and 3) the amount of times per year the account is compounded ( ² ). 4) Circle the correct word that identifies the compounding period. Ex ) See Lecture 22, pages 2 through 3 1) Principal ( G ) = ___________________ APR ( ± ) = _______________________ ² = __________________________ ³´gµ = 1305 ⋅ ¶1 + 0.079 2 · ¸¹ The Compounding Period is … Bi-Annually Monthly Annually Bi-Weekly Semi-Annually Weekly Quarterly Dailey Bi-Monthly Continuously 2) Principal ( G ) = ___________________ APR ( ± ) = _______________________ ² = __________________________ ³´gµ = 791 ⋅ º ».»¼½¹ The Compounding Period is … Bi-Annually Monthly Annually Bi-Weekly Semi-Annually Weekly Quarterly Dailey Bi-Monthly Continuously 3) Principal ( G ) = ___________________ APR ( ± ) = _______________________ ² = __________________________ ³´gµ = 2299 ⋅ ¶1 + 0.045 365 · ¸¾½¹ The Compounding Period is … Bi-Annually Monthly Annually Bi-Weekly Semi-Annually Weekly Quarterly Dailey Bi-Monthly Continuously 4) Principal ( G ) = ___________________ APR ( ± ) = _______________________ ² = __________________________ ³´gµ = 415 ⋅ ¶1 + 0.006 52 · ½¸¹ The Compounding Period is …

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Assignment20 - NAME UFID Suggested Exercises 20 Lecture 22...

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