7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much will you have in the account after 7.25 years? a. $3814.24 b. $3832.80 C. $3858.22 d. $3862.74 е. $3587.50

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
100%
ney ( X
O Precalci x
O Money (X
W Nervous X
O Adrenol x
LA Mee O x
G The elev X
ddod5c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf
4 / 6
100%
+
7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much
will you have in the account after 7.25 years?
a.
$3814.24
b.
$3832.80
с.
$3858.22
d.
$3862.74
е.
$3587.50
8) A typist times himself on October 1" and determines that he can type 65 words per minute. Each day
after that, he increases his typing by a constant rate of 1.5 words per minute. How many words per
minute will he be typing on October 31"?
150 words per minute
111.5 words per minute
110 words per minute
108.5 words per minute
179 words per minute
a.
b.
С.
d.
.e.
bp
Transcribed Image Text:ney ( X O Precalci x O Money (X W Nervous X O Adrenol x LA Mee O x G The elev X ddod5c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf 4 / 6 100% + 7) You deposit $2500 in an account that pays 6% nominal interest compounded monthly. How much will you have in the account after 7.25 years? a. $3814.24 b. $3832.80 с. $3858.22 d. $3862.74 е. $3587.50 8) A typist times himself on October 1" and determines that he can type 65 words per minute. Each day after that, he increases his typing by a constant rate of 1.5 words per minute. How many words per minute will he be typing on October 31"? 150 words per minute 111.5 words per minute 110 words per minute 108.5 words per minute 179 words per minute a. b. С. d. .e. bp
Precalci X
Moncy ( X
W Nervous X
O Adrenol X Mee X
G The clev X
c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf
4 / 6
100%
4 =17000
1996
26,100
30,000
d.
1997
u, =1.15u
e.
both b and d
5) Approximately how long would it take to double an investment earning 4.95% nominal interest
compounded annually?
15.9 years
15 years
14.8 years
14.3 years
14 years
a.
b.
C.
d.
е.
Ź24( 0.6 )**
6) Find the sum:
n=1
a.
14.4
b.
24
C.
40
Transcribed Image Text:Precalci X Moncy ( X W Nervous X O Adrenol X Mee X G The clev X c209e0bb032d6a969a0b7d9bdc7/MyFiles/Downloads/Unit%202%20Exam%20Gross%202021.pdf 4 / 6 100% 4 =17000 1996 26,100 30,000 d. 1997 u, =1.15u e. both b and d 5) Approximately how long would it take to double an investment earning 4.95% nominal interest compounded annually? 15.9 years 15 years 14.8 years 14.3 years 14 years a. b. C. d. е. Ź24( 0.6 )** 6) Find the sum: n=1 a. 14.4 b. 24 C. 40
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