# Geometric progression + time - practice problems

#### Number of problems found: 42

- Monthly payments 2

Suppose you have selected a new car to purchase for $19,500. If the car can be financed over a period of 4 years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be? - Straight-line depreciation

Olsen Inc. Purchased a $580,000 machine to manufacture a specialty tap for electrical equipment. The tap is in high demand and Olsen can sell all that it could manufacture for the next 10 years. To encourage capital investments, the government exempts tax - Railways 3

Railway Corporation wants to purchase a new machine for $360,000. Management predicts that the machine can produce sales of $220,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (exc - The town

The town population is 56000. It is decreasing by 2% every year. What will be the population of the town after 13 years? - Saving for education

Suppose that a couple invested Php 50 000 in an account when their child was born, to prepare for the child's college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be - Annual interest

A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Annual growth

The population has grown from 25,000 to 33,600 in 10 years. Calculate what was the average annual population growth in%? - Annual increase

The number of cars produced increased from 45,000 to 47,000 in 3 years. Calculate the average annual increase in cars in%. - Present value

A bank loans a family $90,000 at 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over a 15 year period. How much should the monthly payment be in order to pay off the debt in 15 years? - Savings

Suppose on your 21st birthday you begin making monthly payments of $500 into an account that pays 8% compounded monthly. If you continue the payments until your 51st birthday (30 years), How much money is in your account? How much of it is interesting? Sh - Future value

Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn? - Retirement annuity

How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th - Common ratio

If 200 units of a commodity are consumed in a first year, and if the annual rate of increase in consumption is 5% (a) what amount is consumed in the 8th year; (b) in the first 15 years? - Fly and cyclist

Two cyclists are at 20 km apart on a same line. They start at same time towards each other at a speed of 10 km/hr. A fly sitting on one of the cyclists handle start flying towards the other cyclists at a speed of 20 km/hr. It touches the handle and move b - Exponential decay

A tank contains 55 liters of water. Water is flowing out at the rate of 7% per minute. How long does it take to drain the tank? - The half life

The half-life of a radioactive isotope is the time it takes for a quantity of the isotope to be reduced to half its initial mass. Starting with 145 grams of a radioactive isotope, how much will be left after 3 half-lives? - Savings

The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - Volume of wood

Every year, at the same time, an increase in the volume of wood in the forest is measured. The increase is regularly p% compared to the previous year. If in 10 years the volume of wood has increased by 10%, what is the number p? - Growth of wood

The annual growth of wood in the forest is estimated at 2%. In how many years will make the forest volume double? - Five harvests

In the seed company, they know that, out of 100 grains of a new variety, they get an average of 2000 grains after harvest. Approximately how many grains do they get out of 100 grains after five harvests?

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Do you want to convert time units like minutes to seconds? Geometric progression - practice problems. Time - practice problems.