Financial ToolBoxes
(Gray-shaded boxes are the outputs based on the given inputs above them. Do not type in the shaded boxes.)
APR
Compounding Periods
Present Value
Payment
Years
Future Value:
APR
Compounding Periods
Present Value
Future Value
Years
Payme
Recall that a prime number is a natural number whose only factors are itself and 1 (for example, 2, 3, 5, . .
. ). The Goldbach conjecture, posed in 1742, claims that every even number greater than 2 can be
expressed as the sum of two primes. For example,
Very Comfortable Retirement
1. Suppose you would like to have a retirement fund from which you can
draw an income of $100,000 per year-forever! How much would you
need to have invested by the time you retire? Assume an average APR
of 6% with one compoundi
Watch the four minute video clip below ("Battle of Wits" scene from The
Princess Bride). Listen closely to the logical reasoning of Vizzini as he tries to
make his choice from which goblet to drink. Is it an example of inductive or
deductive reasoning and
1. Describe in easy to understand language the difference between
simple interest and compound interest and why compounding truly
makes a difference in the long run.
The simple interest is the same absolute amount each year. The compound
interest grows fr
1. Suppose that you have a goal to drive two miles at an average rate of
60 miles per hour (mph). During the first mile you travel at a rate of 30
mph. How fast would you need to travel during the second mile in
order to reach your goal of 60 mph for the
1. Choose the fallacy that best represents the following statements:
Over the past few hundred years, global warming has increased and
the number of pirates on the open seas has decreased. Therefore,
global warming must be caused by a lack of pirates.
Fal
1. Suppose you are turning in a receipt to your ward financial
clerk for a reimbursement and unfortunately only the final
amount of $37.29 is showing on the receipt. The ward clerk
asks for your help to calculate how much went to state sales
tax in a doll
1B
1. Describe in a few sentences, why you think this statement below
makes logical sense or does not make logical sense:
When Jennifer is depressed, she listens to music on her iPod. I saw her today
listening to music on her iPod, so she must have been d
1. Suppose the number of cells in a tumor double every 6 months.
If the tumor begins with a single cell, how many cells will there
be after 3 years and after 4 years?
After 3 years or 6 times-64 cells
After 4 years or 8 times-254 cells
2. The value of you
8b
1. Using the Rule of 70, what is the doubling time for a money
market investment CD (certificate of deposit) that earns 3.75%
annually?
70/3.75=18.67
2. In 1982 the approximate membership in The Church of Jesus
Christ of Latter-day Saints was 5.2 milli
How many people at the conference are employed men without a college
degree in the figure above? (See Problem #62 in 1C of your textbook.)
6 people
How many people at the conference are unemployed men without a college
degree in the figure above? (See Pro
Q1:
Using the Rule of 70, what is the doubling time for a money market investment CD (certificate of
deposit) that earns 3.75% annually?
Tdbl = 70/3.75%
Tdbl = 18.6666 years
Q2:
In 1982 the approximate membership in The Church of Jesus Christ of Latter-da
Questions
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5.
Suppose that you need a loan of $10,000 and are offered a choice of a
3-year loan at 7% interest or a 5-year loan at 8% interest. Find the monthly
payment and total interest for each. Then state a pro and a con for each loan
(in t