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WebAssign hw4 (3)

# WebAssign hw4 (3) - semiannually quarterly 10-J1 mints...

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Unformatted text preview: semiannually quarterly 10. -J1 mints Notes Question: TanApMath5 4.1.062. Maxwell started a home theater business in 2005. The revenue of his company for that year was \$280,000. The revenue grew by 21% in 2006 and by 31% in 2007. Maxwell projected that the revenue growth for his company in’the next 3 yr will be at least Mlyear. How much does Maxwell expect his minimum revenue to be for 2010? (Round your answer to the nearest cent.) Zubégggﬁ \$ 357371.% 5&3 74.45913 '2 u.) , 7.7.52.5 ZQZFBF' ' .°|-l-lo 'LI. . 337R ____..._..__mm-..M..__"..__-...._..._.-....._.....-u.ummiﬁmhlhiim “ . ‘11.: —I1 points Notes Question: TanApMath5 4.1.076. Carlos invested \$2,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was \$2,070.34. Find the eﬂective rate at i which Carlos's account earned interest over this period (assume a 365-day year). (Round your i 'answertoitwo decimal places.) 2010.34 :, 2,000 ( l r 1.31% 1.03%“ :(l rig)“; °/ WM 2“ :> UnMT‘ﬁn " 2 “P L .. 0 7,040.54 ; ( “qu 2v: (WMSCHVWJ‘JS (Jim-(ham) :5: ﬂ “0° (2 77¢ = (r 325 P.‘ .___..-_m._..._....-.-...--.....-..-.m...--....-.__..-_......-...m..........._-..._...u.....,.....h..___..-~_..___.__ --__ ..W......-...__.._ E 12. —I1 points Notes Question: TanApMath5 4.2.002. gig . :1 Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest L cent.) H \$1300/semiannual peri for8yr at 8%lyear com ounded semiannually o) \$ 28%1Ifc‘ﬁ‘ 33‘ ll ﬂﬂgich : isootﬁéﬁiﬂ 5,)" * s ..__-___-___c ..-_.._-......_.....-............._......-_.._-“._-u___ < 13. —I1 points Notes Question: TanApMath5 4.2.008. i‘: A, Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest :5 cent.) . :9 \$190/week for 6.5 yr at 7.5%lyear compounded weekly at?" \$ 81001.45? (11* 015 51"”5-4 .\ 13 S= [0m [ #2} r" 59:? w OJ ...
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