AMU MATH 125 week 5 test answers American Military University
AMU MATH 125 Test Week 5 answers
AMU MATH 125 week 5 test Question 1
Express 0.05 as a percent.
A.0.05%
B.0.0005%
C.5%
D.0.5%
AMU MATH 125 week 5 test Question 2
A coat was reduced from $500 to $425. Find the percent of the reduction in price.
A.17.5%
B.15%
C.10%
D.25%
AMU MATH 125 week 5 test Question 3
The average teachers’ and superintendents’ salaries for a school district was $40,966. Eight years later, the new average was $53,236. Find the percent increase to the nearest tenth of a percent.
A.15.0%
B.7.5%
C.3.7%
D.30.0%
AMU MATH 125 week 5 test Question 4
The total real estate commission for a real estate company was $25 million in 2008, an increase of $1 million over the year 2004. What was the percent increase? Round answer to the nearest tenth of a percent.
A.3.8%
B.4.2%
C.4.6%
D.2.1%
AMU MATH 125 week 5 test Question 5
Find the missing value: Principal $2,100; Rate: 13.5%; Time: ____; Simple Interest: $708.75
A.2.5 years
B.3.5 years
C.2 years
D.3 years
Get Assistance now for AMU MATH 125 test answers Find the missing value: Principal $14,200;
Rate: _____; Time 7 years; Simple Interest: $19,880 A.20.5%
B.20% C.19.5%
D.19% Find the missing value: Principal ______;
Rate 13.5%; Time 7 years; Simple Interest: $19,750.50 A.$21,050
B.$20,900
C.$21,000
D.$20,800
Find the future value of the loan. P =
$10,900, r = 3%, t = 8 years A.$13,807.79
B.$12,427.01
C.$13,516.00
D.$12,164.40
Dr. George borrowed some money to buy new
furniture for his office. He paid $185.63 simple interest on a 5.5-year loan at
1.5%. Find the principal. A.$2,250
B.$2,350
C.$2,400
D.$2,150
A Motel is converting its rooms into
privately owned condominiums. The interest on a $2,300,000, 20-year
construction loan is $50,000. What is the rate of interest? Does the rate seem
unreasonable? A.2.17%; unreasonable B.6.09%; reasonable C.0.11%; unreasonable D.4.59%; reasonable Find the compound interest: Principal
$2,100; Rate 16%; Compounded Quarterly; Time 5.5 years. A.$2,866.72
B.$2,874.68
C.$2,876.83
D.$2,879.97
Find the future value of an annuity if you
invest $850 quarterly for 5 years at 1.5% compounded quarterly. A.$17,719.59 B.$17,669.97
C.$17,599.22
D.$17,619.47
Determine the better investment: 6%
compounded monthly or 6.2% compounded semiannually A.6%, compounded monthly B.6.2%
compounded semiannually In order to help pay for college, the
grandparents of a child invest $2,350 in a bond that pays 8% interest
compounded quarterly. How much money will there be in 5 years? A.$3,471.73
B.$3,491.98
C.$3,592.10
D.$3,542.48
As part of his retirement planning, Mr.
Smith purchases an annuity that pays 5% compounded semiannually. If the
semiannual payment is $6,500, how much will Mr. Smith have saved in 7.5 years? A.$116,608.02
B.$116,537.27
C.$116,557.52
D.$116,657.64
AMU MATH 125 week 5 test Question 16 Suppose you plan to work right after you
graduate, but still save money for graduate school. You decide to save $10,000
before starting, and find a weekly annuity that pays 7% interest for 4 years.
How much will you need to pay each week? A.$37.52
B.$52.11
C.$45.86
D.$41.69
Joan purchased a refrigerator for $500. She
made a down payment of $50 and paid $51 a month for 11 months. Find the total
installment price of the refrigerator. A.$633.00
B.$611.00
C.$622.00
D.$605.00
Stephen purchased a diamond engagement ring
for $3,000. His down payment was $1200, and he made 24 monthly payments of
$83.06. Find the APR from the table below. Annual Percentage Rate A.9.5% B.11% C.10% D.10.5%
Katie had an unpaid balance of $2,072.25 on
her credit card statement at the beginning of March. She made a payment of
$440.00 during the month. If the interest rate on Katie’s credit card was 15.5%
per month on the unpaid balance, find the finance charge and the new balance on
April 1. A.Finance charge = $319.31; new balance =
$1,951.56 B.Finance charge = $331.34; new balance =
$1,963.59 C.Finance charge = $321.20; new balance =
$1,953.45 D.Finance charge = $325.31; new balance =
$1,957.56 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 = $472.99; Finance
Charge = $46.30; New Balance = $630.32 C.Average Daily Balance = $479.99; Finance
Charge = $38.30; New Balance = $629.32 D.Average Daily Balance = $480.79; Finance Charge = $47.00; New Balance = $630.32 Get answers nowAMU MATH 125 week 5 test Question 6
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AMU MATH 125 week 5 test Question 20
