Unformatted text preview: __ N = a)_______________ b) __________________ I% = ______________ __________________ PV = _______________ __________________
PMT = _______________ __________________
FV = _______________ _________________
P/Y = _______________ __________________
C/Y = _______________ _________________ 8) If you buy a 26 week T bill with a maturity value of $10,000 for $9,693.78, what annual simple rate of interest
will you earn? ( Express answer as a percentage, correct to three decimal places.) 2 9) If you sell your car to someone for $4000 and agree to finance it at 1% per month on the unpaid balance.
a) How much should you receive each month to amortize the loan in 18 months?______________________________________________
b) How much interest will you receive? _______________________ N = _______________ b) I% = _______________ PV = _______________
PMT = _______________
FV = _______________
P/Y = _______________
C/Y = _______________
10) If $1 had been placed in a bank account at the end of year 1200 and forgotten until the end of the year 2000,
how much would be in the account at the end of the year 2000,
a) if the money earned 2% simple interest? _________________________
b) if the money earned 2% compounded annually?__________________________ a) b) N = _______________ I% = _______________ PV = _______________
PMT = _______________
FV = _______________
P/Y = _______________
C/Y = _______________
11) How long will it take money to double if it is invested at :...
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This document was uploaded on 03/12/2014 for the course M 118 at Indiana SE.
 Fall '
 Bonacci
 Math

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