Money + arithmetic progression - practice problems
Number of problems found: 21
- 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?
- Saving in January
On the 1st of January a students puts $10 in a box. On the 2nd she puts $20 in the box, and so on, putting the same number of 10-dollers notes as the day of the month. How much money will be in the box if she keeps doing this for a the first 10 days of Ja
- 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
- 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?
- 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?
Andrew had an offer for a job starting at 100000 per year and guaranteeing her to raise of 10000 a year for the next years. Find her salary for the 4th year.
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
- The king
The king divided ducats to his sons. He gave the eldest son a certain number of ducats, gave the younger one ducat less, gave the other one ducat less, and proceeded to the youngest. Then he returned to his eldest son, gave him one ducat less than a while
- Investment 2
Jack invested $5000 in a 5-month term deposit at 4.7% p. A. . At the end of the 5-months, jack reinvested the maturity value from the first deposit into an 11-month term deposit at 7.3% p. A. What is the maturity value at the end of the second term deposi
Five employees of the company were paid bonuses so that each successor received 550 USD less than the previous employee. How much did everyone get if a total of USD 11,000 has paid?
- The machine
The annual depreciation of the machine is 10%. After 8 years, the machine is worth 697 euros. What was the price of this machine at the time of purchase?
- Loan 5
Abdul takes a loan of 200000 from Ali and agrees to repay in number of instalment, each instalment begin with the 2nd exceeding the previous one by 1000, if the first instalment is 500, find how many instalment will be necessary to be wipe out the loan? C
- Rate or interest
At what rate percent will Rs.2000 amount to Rs.2315.25 in 3 years at compound interest?
The computer was purchased 10000,-. Each year, the price of a computer depreciates always the same percentage of the previous year. After four years, the value of the computer is reduced to 1300,- How many percent was depreciated price of the computer eac
Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?
If the product twice price cut by 25%, what percentage was price cut in total?
- JUDr. Usury
Judge JUDr. Usury approved the agreement on guilt and punishment where confessed to pay daily interest 0.18%. How big is a yearly interest? Year has 360 days.
Price of the new machine is € 62000. Every year is depreciated 15% of residual value. What will be the value of the machine after 3 years?
Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter.
Money - practice problems. Arithmetic progression - practice problems.