# Philip

### Finit math multiple choice questions, please help me its due at 10pm and im stuck =/?

1. Parents have setup an account in order to have $12,000 in 10 years for their child’s college fund. How much should be deposited quarterly into the account paying 4.5% compounded semiannually?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

2. A newborn child receives a $20,000 gift towards college education from her grandparents. How much will the $20,000 be worth in 17 years it is invested at 7% compounded quarterly?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

3. Parents want to setup an account for their child studying abroad for next 2 years, where they can receive a monthly allowance of $600. The account will be compounded 6.65% monthly. How much should they deposit so their child could have the allowance?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

4. Invest Sun is offering a rate that pays 6.15% compounded monthly. What monthly deposits should be made to have $100,000 in 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

5. Rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years. If office space rent is now $32 per square foot per month, what were the rental rates 5 years ago?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

6. A company establishes an account for upgrading office equipment with monthly payments of

$2,000 years?

into an account paying 8.7% compounded monthly. How much will they have in the 5

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

7. At the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. If the couple decides to withdraw from the account monthly for 10 years, how much should they withdraw every month if they don’t want any money in the account after those 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

8. The manager of a money-market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4% per year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

9. Mai Lee has contributed $200 at the end of each month into her company’s employee retirement account for the past 10 years. Her employer has matched her contribution each month. If the account has earned interest at the rate of 8% per year compounded monthly over the 10 year period, determine how much Mai Lee now has in her retirement account.

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

10. The Turners have purchased a house for $150,000. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 9% per year on the unpaid balance. What monthly payment will the Turners be required to make?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

2 AnswersHomework Help9 years ago### EASY FINITE MATH QUESTIONS PLEASE HELP !!!!!?

1. Parents have setup an account in order to have $12,000 in 10 years for their child’s college fund. How much should be deposited quarterly into the account paying 4.5% compounded semiannually?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

2. A newborn child receives a $20,000 gift towards college education from her grandparents. How much will the $20,000 be worth in 17 years it is invested at 7% compounded quarterly?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

3. Parents want to setup an account for their child studying abroad for next 2 years, where they can receive a monthly allowance of $600. The account will be compounded 6.65% monthly. How much should they deposit so their child could have the allowance?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

4. Invest Sun is offering a rate that pays 6.15% compounded monthly. What monthly deposits should be made to have $100,000 in 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

5. Rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years. If office space rent is now $32 per square foot per month, what were the rental rates 5 years ago?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

6. A company establishes an account for upgrading office equipment with monthly payments of

$2,000 years?

into an account paying 8.7% compounded monthly. How much will they have in the 5

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

7. At the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. If the couple decides to withdraw from the account monthly for 10 years, how much should they withdraw every month if they don’t want any money in the account after those 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

8. The manager of a money-market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4% per year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

9. Mai Lee has contributed $200 at the end of each month into her company’s employee retirement account for the past 10 years. Her employer has matched her contribution each month. If the account has earned interest at the rate of 8% per year compounded monthly over the 10 year period, determine how much Mai Lee now has in her retirement account.

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

10. The Turners have purchased a house for $150,000. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 9% per year on the unpaid balance. What monthly payment will the Turners be required to make?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

1 AnswerMathematics9 years ago### EASY finite math MC questions please help!!!?!!?

1. Parents have setup an account in order to have $12,000 in 10 years for their child’s college fund. How much should be deposited quarterly into the account paying 4.5% compounded semiannually?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

2. A newborn child receives a $20,000 gift towards college education from her grandparents. How much will the $20,000 be worth in 17 years it is invested at 7% compounded quarterly?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

3. Parents want to setup an account for their child studying abroad for next 2 years, where they can receive a monthly allowance of $600. The account will be compounded 6.65% monthly. How much should they deposit so their child could have the allowance?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

4. Invest Sun is offering a rate that pays 6.15% compounded monthly. What monthly deposits should be made to have $100,000 in 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

5. Rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years. If office space rent is now $32 per square foot per month, what were the rental rates 5 years ago?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

6. A company establishes an account for upgrading office equipment with monthly payments of

$2,000 years?

into an account paying 8.7% compounded monthly. How much will they have in the 5

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

7. At the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. If the couple decides to withdraw from the account monthly for 10 years, how much should they withdraw every month if they don’t want any money in the account after those 10 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

8. The manager of a money-market fund has invested $4.2 million in certificates of deposit that pay interest at the rate of 5.4% per year compounded quarterly over a period of 5 years. How much will the investment be worth at the end of 5 years?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

9. Mai Lee has contributed $200 at the end of each month into her company’s employee retirement account for the past 10 years. Her employer has matched her contribution each month. If the account has earned interest at the rate of 8% per year compounded monthly over the 10 year period, determine how much Mai Lee now has in her retirement account.

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

10. The Turners have purchased a house for $150,000. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 9% per year on the unpaid balance. What monthly payment will the Turners be required to make?

a. Future Value with compound interest

b. Present Value with compound interest

c. Future Value of an Annuity

d. Present Value of an Annuity

e. Sinking Fund

f. Amortization

3 AnswersMathematics9 years ago### FINITE MATH QUESTIONS MULTIPLE CHOICE PLEASE HELP ANSWER, PLEASE!!!!!?

Use the following problem to answer questions 1 – 3.

Candy purchases a new guitar costing $3,700. She put down 15% and finance the rest for 2 years through the store. The store will charge her 12% per year compounded monthly. What are her monthly payments?

1. Identify the type of problem.

a. Present V alue with compound interest

b. Future V alue of an Annuity

c. Present Value of an Annuity

d. Amortization

e. Sinking Fund

f. None of the above.

2. What is the amount of the down payment?

a. $444

b. $555

c. $277.5

d. $222

e. $1,100

f. None of the above.

3. Answer the question in the problem.

a. $239.00

b. $174.17

c. $137.17

d. $116.60

e. $148.05

f. None of the above.

Use the following problem to answer questions 4 and 5.

A company would like to have $280,000 in 4 years. How much should be invested semiannually into an account paying 7.46% compounded semiannually?

4. Identify the type of problem.

a. Present V alue with compound interest

b. Future V alue of an Annuity

c. Present Value of an Annuity

d. Amortization

e. Sinking Fund

f. None of the above.

5. Answer the question in the problem.

a. $30,681.38

b. $41,125.38

c. $34,245.54

d. $38, 074.54

e. $28,541.46

f. None of the above

Use the following problem to answer questions 6 and 7.

The Smiths have decided to start a monthly savings program in order to provide for their twin son’s college education. How much should they deposit at the end of each month in a savings account earning interest at the rate of 6.5% per year compounded monthly so that at the end of the 15th year the accumulated amount will be $30,000 for each?

6. Identify the type of problem.

a. Present V alue with compound interest

b. Future V alue of an Annuity

c. Present Value of an Annuity

d. Amortization

e. Sinking Fund

f. None of the above.

7. Answer the question in the problem.

a. $98.83

b. $522.66

c. $261.33

d. $197.66

e. $32.64

f. None of the above.

The price of a new car is $26,000. Assume an individual makes a down payment of 20% toward the purchase of the car and secures financing for the balance at the rate of 10% per year compounded monthly. 8. Identify the type of problem.

a. Present V alue with compound interest

b. Future V alue of an Annuity

c. Present Value of an Annuity

d. Amortization

e. Sinking Fund f. None of the above.

9. What are the monthly payments if the car is financed over a period of 36 months?

a. $838.95

b. $671.16

c. $622.28

d. $497.82

e. $714.36

f. None of the above

10. What are the monthly payments if the car is financed over a period of 48 months?

a. $622.95

b. $442.76

c. $527.54

d. $354.21

e. $714.36

f. None of the above

2 AnswersMathematics9 years ago### Finite math help pleaseeeeee!!!!!!!?

I have two questions. Please try to answer.

Use Gauss-Jordan elimination process to solve the following system of linear equations.

6x+2y-12z=-2

3x+y-6z=-2

a)2,4, 2

b)4,6,1

c)infinetly many solutions

d)no solution

e)1,7,3

f) none of the above

The next question I have is:

Use Gauss-Jordan elimination process to solve the following system of linear equations.

9x-2y+8z=-1

18x-2y-8z=74

-18x+4y-16z=1

a)2,4,-4

b)3,2,-3

c)no solution

d)4,2,3

e)infinetly many solutions

f)none of the above

1 AnswerMathematics9 years ago### finite math question please answer?

Please help!! finite question!!! please!!?

Use the Gauss-Jordan elimination process on the following system of linear equations to find the value of z.

-x-3y+z=19

x+5y+3z=-19

-4x-3y-4z=-2

a)0

b)3

c)5

d)6

e)7

5 AnswersMathematics9 years ago### please help!! finite question!!! please!!?

Use the Gauss-Jordan elimination process on the following system of linear equations to find the value of z.

-x-3y+z=19

x+5y+3z=-19

-4x-3y-4z=-2

a)0

b)3

c)5

d)6

e)7

1 AnswerPhysics9 years ago### finite math question please help?

Use the Gauss-Jordan elimination process on the following system of linear equations to find the value of x.

4x+3y=4

x+2y=11

a)-9

b)-4

c)-7

d)-5

e)2

f) None of the above.

3 AnswersMathematics9 years ago### finite math question please answer?

Solve the following system of linear equations using the Gauss-Jordan elimination

method.

2x-3y=-8

4x+y=-2

a. (4, 2)

b. (-1, -5)

c. (-1, 2)

d. (-2, -6)

e. (4, -5)

f. None of the above.

I realize you may be able to plug in and solve, but I want to learn how to use the Gauss-Jordan method. Please explain how to do it that way

2 AnswersMathematics9 years ago### college algebra question?

Which point is in the solution set of linear inequality? " -2x+2y<-1"

a) (-10, -1)

b) (6,3)

c) (-6, 5)

d) (-7, 8)

e) (-7, 7)

please explain which one and why you got that answer.

5 AnswersMathematics9 years ago### college algebra question!!! :[[[[?

Find the equation of a line that passes through (4, -5) and is perpendicular to -7x+6y=9

please explain! thank u

1 AnswerMathematics9 years ago### college algebra question!!! :[[[?

Find an equation of a line that passes through (-4, 9) and is perpendicular to a line that passes through (2, 3) and (14, 7)

please explain in simple steps. Thanks so much!

2 AnswersMathematics9 years ago### college algebra question!!! :[[?

Find the equation of a line that passes through (3, 4) and is parallel to 7x-4y=2

please explain how to do it !!!

6 AnswersMathematics9 years ago### college algebra question!!! :[?

Give the equation of the line that passes through the points ( 3 , 1 ) and ( -4 , 3 ).

plaza explain how to do it.

2 AnswersMathematics9 years ago### College Algebra question!!!!!!!!!!!?

How do I solve this?

The points ( 2 , 3 ), ( -7 , 0 ), and ( -16 , -3 ) all lie along the same line. Find the equation of the line.

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