Ch. 10 Review
1.
Jane borrowed $3000 for a car at 7% for 180 days.
Using ordinary interest. Find the maturity value of her loan.
2.
Joe borrowed $800 at 4% and his interest came to $200. Find the time
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. .3333 rounded to nearest thousandth is _.
2. .16593 rounded to nearest hundredth is _.
3. Convert to a decimal: 8
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Given the following from the check register, calculate the ending balance.
Beginning balance
Payment
$481.92
$81.
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. P - $40 = $70. P = _.
2. 1/7 V = 900. V = _.
3. 5C - C = 100. C = _, 5C = _.
4. 5W + 2(10 - W) = 50. W = _.
5. Si
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. .006 converted to a percent is _.
2. 7 3/4% converted to a decimal is _.
3.
17
/22 converted to a percent is _ (r
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Neal Wall bought a computer from A.C. Suppliers for $1,200. Neal plans to resell the
computer for $1,800. What is
Chapter9
CalculationsandApplications
Docalculationsonscrappaperasneeded.Workedoutsolutionsareprovidedatend.
Melvin'shoursworked
M
6%
$40.000$60,000
7%
Over$60,000
7%
Employee
PatSwan
W
Th
F
Sat
5
Upto
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Simple interest on $15,000 at 4 1/2% for eight months is _.
2. Simple interest on $20,000 at 7 1/2% for 17 months
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Alfred Rodriguez deposits $8,000 in Yoma Bank which pays 6% interest, compounded
quarterly. How much will Alfred
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Calculate by table the value of an investment after three years on an ordinary annuity of
$6,000 made semiannuall
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Gail Sentner bought a new Chevrolet for $16,500, putting down $500 and paying $300
per month for 60 months. Calcu
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Twila Griffen bought a new condominium for $110,000. She put down 10% and
obtained a mortgage at 8% for 25 years.
Chapter 16
Calculations and Applications
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. For Moore Corporation, calculate total stockholder's equity from the fol
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Given the following, calculate the yearly depreciation expenses using the
straight-line method.
Track, $30,000; r
Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
1. Convert to mixed number: 150/7.
2. Convert to an improper fraction: 9 5/8.
3. Find the GCD by step approach and r
Ch. 11 Review
1.
Know definitions to the bold print words in the chapter.
2.
Know the four steps of determining the Proceeds to a Bank Discount Note.
Problem:
Loan amount
$25,000
Rate
11%
Length of no
Ch. 13 Additional Practice
Vocabulary: Annuity
Ordinary Annuity Annuity Due
Sinking Fund
Present Value
Future Value
1. Ordinary annuity. $7,000 payment se
Review Ch. 2
BUS 112 Business Math
SHOW ALL YOUR WORK!
1.
Mr. Thatcher bought a home from Century 21 in Houston, Texas, that is
9 times as expensive as the
Review Ch 14, 15
Using tables ( first three problems use different tables)
1.
Find the APR if the finance charge is $100 and the amount financed is
for 12 months.
$1200
(APR): _ to _
2.
Find the month
Review Ch. 1
BUS 112 Business Math
SHOW ALL YOUR WORK!
1.
Translate the following verbal forms into numbers and then add.
Eight thousand, Nine hundred, Fiftyo
Chapter 12
1.
Review
8% compounded quarterly for 5 years
_
_
Rate
period
2.
You invest $5000 in an account which pays 6% compounded semiannually. How
much interest will you have on this money in 10 ye
Business Math
Ch 8 Review
% = Markup % = Markup S = C+ M
Cost
Selling price S = C+%C
S = C +%S
1. Selling price of a DMACC sweatshirt is $25. The cost was $10.
Find the markup in dollars
Find % markup