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# Ch.9,12,13,14

### Review

6% compounded semiannually 3%
9% compounded quarterly 2.25%
10.5% compounded monthly 0.875%
Laurie Ingalls loans a friend \$400 at 5% simple interest for 3 years. What is the maturity value? \$448
\$1,200 represents which variable (PV, PMT, or FV)? None
How much will Annie have when she turns 50, after her final deposit? \$24,786.67
What will the annual tuition be at the college 18 years from now? \$3,473.43
What is the total contributed by the employee and employer each year? \$8,415
If you withdraw \$2,800 at the end of each month, what will the balance be in 30 years? \$33,984.51
Interest is more during the first part of an installment loan. (T or F) True
You get the loan. Your monthly payment is \$491.31. What is the finance charge? \$7,274.32
What rate is lower 1.25% per month or 11.9% per year? The 11.9% per year is lower
What is the total cost of the car, including finance charges? \$8,035
What is the FV amount? \$8,050
How much will Gregg have when he retires 22 years later? \$508,640.18
What is the present value of the movie rights? \$62,775.423.52
What will your balance be at the end of 7 years? \$5,439.45
What amount is required if he can earn 7% compounded monthly? \$1,264.85
What age will kyle be when he accumulates \$1,000,000? 83 years old
If you withdraw \$4,550 at the end of each month, how long will \$650,000 last? 12.51 years
Created by: ch0506712