Table of Contents
AMU MATH 125 week 3 test answers American Military University
AMU MATH 125 Test Week 3 answers
AMU MATH 125 Test Week 3 question 1
A dress was reduced from $75 to $50. Find the percent of the reduction in price.
A.33%
B.12%
C.50%
D.80%
AMU MATH 125 Test Week 3 Question 2
The average teachers’ and superintendents’ salaries for a school district was $40,207. Ten years later, the new average was $52,746. Find the percent increase to the nearest tenth of a percent.
A.31.2%
B.3.1%
C.15.6%
D.6.2%
AMU MATH 125 Test Week 3 Question 3
Find the missing value: Principal $21,700; Rate: 17%; Time: ____; Simple Interest: $9,222.50
A.2 years
B.2.5 years
C.3.5 years
D.3 years
AMU MATH 125 Test Week 3 Question 4
Find the missing value: Principal $23,100; Rate: _____; Time 2 years; Simple Interest: $2,310
A.5%
B.4.5%
C.4%
D.5.5%
AMU MATH 125 Test Week 3 Question 5
Find the future value of the loan. P = $13,900, r = 2%, t = 3 years
A.$14,734.00
B.$13,275.71
C.$14,750.79
D.$13,260.60
Get Assistance now for AMU MATH 125 test answers Dr. Sand borrowed some money to buy new furniture for his
office. He paid $338.00 simple interest on a 6.5-year loan at 4%. Find the
principal. A.$1,450 B.$1,300 C.$1,200 D.$1,400 Find the compound interest: Principal $1,300; Rate 12.5%;
Compounded Semiannually; Time 8 years. A.$2,119.20 B.$2,129.31 C.$2,132.45 D.$2,127.16 Find the future value of an annuity if you invest $950
semiannually for 5 years at 6.5% compounded semiannually. A.$10,996.66 B.$11,117.03 C.$11,016.91 D.$11,067.41 In order to help pay for college, the grandparents of a
child invest $2,850 in a bond that pays 5% interest compounded semiannually.
How much money will there be in 5.5 years? A.$3,789.95 B.$3,719.20 C.$3,739.45 D.$3,839.57 As part of his retirement planning, Mr. Martin purchases an
annuity that pays 8.5% compounded semiannually. If the semiannual payment is
$9,500, how much will Mr. Martin have saved in 4 years? A.$88,298.50 B.$88,418.87 C.$88,369.25 D.$88,318.75 Suppose you plan to work right after you graduate, but still
save money for graduate school. You decide to save $35,000 before starting, and
find a weekly annuity that pays 6% interest for 2 years. How much will you need
to pay each week? A.$348.64 B.$285.25 C.$396.18 D.$316.94 Joan purchased a refrigerator for $600. She made a down
payment of $80 and paid $61 a month for 9 months. Find the total installment
price of the refrigerator. A.$629.00 B.$585.00 C.$638.00 D.$647.00 Stephen purchased a diamond engagement ring for $3,000. His
down payment was $2000, and he made 24 monthly payments of $46.15. Find the APR
from the table below. A.10.5% B.10% C.11% D.9.5% Harry had an unpaid balance of $2,320.00 on his credit card
statement at the beginning of February. He made a payment of $160.00 during the
month. If the interest rate on Harry’s credit card was 11% per month on the
unpaid balance, find the finance charge and the new balance on March 1. A.Finance charge =
$259.31; new balance = $2,419.31 B.Finance charge =
$265.34; new balance = $2,425.34 C.Finance charge =
$255.20; new balance = $2,415.20 D.Finance charge =
$253.31; new balance = $2,413.31 Amanda’s credit card statement showed these transactions
during December. Dec 1 Previous balance $228.11 Dec
12 Purchases $354.78 Dec
18 Purchases $86.13 Dec
27 Payment $80.00 The interest rate is 10% per month on the average daily
balance. Find the average daily balance, the finance charge for the month, and
the new balance on January 1. [Hint: Remember that December has 31 days.]
A.Average Daily
Balance = $482.99; Finance Charge = $48.30; New Balance = $637.32 B.Average Daily
Balance = $479.99; Finance Charge = $38.30; New Balance = $629.32 C.Average Daily
Balance = $480.79; Finance Charge = $47.00; New Balance = $630.32 D.Average Daily
Balance = $472.99; Finance Charge = $46.30; New Balance = $630.32 A house sells for $312,500 and a 20% down payment is made. A
30-year mortgage at 7% was obtained. Find the monthly payment and the total
interest paid. A.Monthly payment =
$1,671.61; total interest paid = $351,779.60 B.Monthly payment =
$1,762.49; total interest paid = $384,496.40 C.Monthly payment =
$1,662.50; total interest paid = $348,500.00 D.Monthly payment =
$1,654.35; total interest paid = $345,566.00 A small restaurant was purchased for $407,000 with no down
payment and a 6% loan for 20 years. Find the monthly payment. A.$2,915.87 B.$2,332.70 C.$3,207.46 D.$2,624.29 A house has a $130,000.00 mortgage at 6.5%. The monthly
payments are $1,132.30. Compute an
amortization schedule for the first three months. Payment Number Interest Payment on Principal Balance of Loan 1 2 3 A. B. C. D. What was the highest price that the stock sold for during
the last 52 weeks? 52 WK A.$43.84 per share B.$61.64 per share C.$64.84 per share D.$63.24 per share What was the lowest price that the stock sold for during the
last 52 weeks? A.$44.22 per share B.$66.79 per share C.$41.87 per share D.$46.57 per share What was the amount of the dividend per share that the
company paid last year? A.$1.88 per share B.$160.35 per share C.$119.29 per share D.$87.63 per share Find the annual earnings per share. A.$7.68 B.$8.53 C.$10.40 D.$7.59 If an investor had 387 shares of stock last year how much in
dividends did the investor receive? A.$1478.34 B.$739.17 C.$2217.51 D.$2956.68 If you purchase 1,013 shares of stock at the closing price
and the broker’s commission is 2.1%, find the total cost of the purchase. A.$49,983.04 B.$44,984.74 C.$52,127.36 D.$46,914.62 What was the closing price of the stock the day before
yesterday? A.$72.53 B.$59.96 C.$62.58 D.$48.85 If the closing price of a stock is $46.02 and the annual
earnings per share is $0.18, find the P/E ratio. A.255.67 B.8.28 C.230.10 D.9.11 The closing price of a stock is $67.43 and the annual
earnings per share is $2.48, find the P/E ratio. A.183.95 B.24.47 C.167.23 D.27.19 If the closing price of a stock is $18.71 and the P/E ratio
is 16, find the annual earning per share. A.$269.42 B.$1.05 C.$299.36 D.$1.17 If the closing price of a stock is $22.8 and the P/E ratio
is 13, find the annual earnings per share. A.$1.58 B.$1.75 C.$296.40 D.$326.04 An investor purchased 700 shares of stock for $30.81 per
share and sold them later for $33.49 per share. The broker’s commission was 1%
of the purchase price and 1% of the selling price. Find the amount the investor
made on the stock. A.$1,425.90 B.$1,857.24 C.$–1,425.90 D.$–1,283.31 Get answers nowAMU MATH 125 Test Week 3 Question 6
AMU MATH 125 Test Week 3 Question 7
AMU MATH 125 Test Week 3 Question 8
AMU MATH 125 Test Week 3 Question 9
AMU MATH 125 Test Week 3 Question 10
AMU MATH 125 Test Week 3 Question 11
AMU MATH 125 Test Week 3 Question 12
AMU MATH 125 Test Week 3 Question 13
AMU MATH 125 Test Week 3 Question 14
AMU MATH 125 Test Week 3 Question 15
AMU MATH 125 Test Week 3 Question 16
AMU MATH 125 Test Week 3 Question 17
AMU MATH 125 Test Week 3 Question 18
AMU MATH 125 Test Week 3 Question 19
AMU MATH 125 Test Week 3 Question 20
AMU MATH 125 Test Week 3 question 21
AMU MATH 125 Test Week 3 Question 22
AMU MATH 125 Test Week 3 Question 23
AMU MATH 125 Test Week 3 Question 24
AMU MATH 125 Test Week 3 Question 25
AMU MATH 125 Test Week 3 Question 26
AMU MATH 125 Test Week 3 Question 27
AMU MATH 125 Test Week 3 Question 28
AMU MATH 125 Test Week 3 Question 29
AMU MATH 125 Test Week 3 Question 30
