Time + geometric progression - practice problems - page 2 of 4
Number of problems found: 80
- Deposit and saving
How long will the deposit of € 2,000 increase at an interest rate of 4.6% p. a. at 2500 €? (Ideally, calculate without logarithms) - Monthly payments 2
Suppose you have selected a new car to purchase for $19,500. If we can finance the car over four 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 it can manufacture for the next ten years. To encourage capital investments, the government exempts taxes on - Railways 3
Railway Corporation wants to purchase a new machine for $360,000. Management predicts that the machine can produce sales of $220,000 yearly for the next five 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 a couple invested Php 50 000 in an account when their child was born to prepare for a 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 doubled by the t - Annual interest
A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Interest rate
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship). - Interest 37571
We will deposit € 10,500 at the bank at 1.1% interest, and we want to withdraw € 11,000. How many years do we have to wait? Round to 2 decimal places.
- Population 37561
The population increased from 29,000 to 31,500 in 5 years. Calculate the average annual population growth in%. - Depreciated 37521
The initial price of the machine is 12000 euros. 21% of its price is depreciated yearly due to wear and tear. What value will the machine have after five years? - Annual growth
The population has grown from 25,000 to 33,600 in 10 years. Calculate what the average annual population growth in% was. - Depreciated 37171
The initial price of the machine is 23,000 euros. Every year, 12% of its cost is depreciated due to wear and tear. What value will the machine have after six years? - Withdraw 37161
We will put € 8,500 into the bank at 1.3% interest, and we want to withdraw € 8,700. How many years do we have to wait? Round to 2 decimal places.
- 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%. - Statistical 36383
On the pages of the Czech Statistical Office, we can learn that in 1869, Prague and its suburbs had a total of 10,947 houses; in 1900, there were 18,838 houses. What was the annual percentage "increase" of houses in Prague between 1869 and 1900, assuming - Estimated 36373
The amount of wood in a specific forest area is estimated at 2,106 m3, and the annual wood growth is 2.1%. What will be the situation after 20 years? - Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. 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
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