A 791 667 b 250 000 c 300 000 d 550 000 e 1 341 667

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A) $791 667 B) $250 000 C) $300 000 D) $550 000 E) $1 341 667 Answer: Question 1533 Simplify the expression:  (-a3 - 11a2 - 3a) ÷ (-a) Answer: Question 1534 Find the cost of an item sold for $4115 to realize a markup of 36% based on cost. Answer: Question 1535 You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the value of your account after 14 months? A) $10 970.88 B) $10 904.88 C) $10 074.88 D) $10 004.88 E) $10 974.88 Answer: Question 1536 A $100 000, 9.0% bond with semi-annual coupons redeemable at par on March 1, 2015, was purchased on September 22, 2007, to yield 10.00% Page 186 of 221
BIOLOGY-FORUMS.COM Contemporary Business Mathematics with Canadian Applications - 1824 Total Questions - Biology-Forums.com compounded semi-annually. What was the purchase price? Answer: Question 1537 Calculate the value of x:   : x =  A) 4/1 B) 2/81 C) 81/2 D) 1/4 E) 1/9 Answer: Question 1538 How many Canadian dollars can you buy for $850.00 U.S. dollars if one Canadian dollar is worth $0.9641 U.S. dollars? Answer: Question 1539 A local health care facility has fixed costs per month of $187 400. They also have patient costs of $4.15 per day per patient for linen and cleaning, medication costs are $23.32 per patient per day and lab tests cost $75.61 per patient per day. The government is considering allowing the health care facility to charge each patient and amount to recover his or her costs and to make a "profit" of $15 000 per month. The health care facility averages 690 patients per month. The VP-Finance for the facility wants you to calculate the daily rate charge per patient. Your answer is: A) $462.92 B) $396.41 C) $345.73 D) $284.51 E) $455.21 Answer: Question 1540 You lend a friend $800 and they agree to make quarterly payments for 1 year. You charge your friend 8.52% compounded quarterly. What is the size of the payments? A) $120.76 B) $210.76 C) $220.76 D) $200.76 E) $212.76 Answer: Question 1541 What principal will have a maturity value of $61 500.00 at 6.5% p.a. in 17 months? Answer: Question 1542 A debt of $17 000.00 is repaid by quarterly payments of $1430.00. If interest is 6.12% compounded quarterly, what is the size of the final payment? Answer: Question 1543 Sean started an RRSP on March 1, 2007, with a deposit of $2000.00. He added $1500.00 on March 1, 2008. What is the accumulated value of his account on December 1, 2008, if interest is 6% compounded quarterly? Answer: Question 1544 Farah shopped at Lowes using line of credit and purchased merchandise worth $963.52. She is budgeting a planning to pay $100 every month back to her bank. The bank charges 7% p.a. on unpaid balances. Construct a complete repayment schedule for Farah. What is the total interest paid to the bank?

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