Calculate the amount of interest you'll have at the end of the indicated period.You invest $500 in an account that pays simple interest of 3% for 2 year(s).
A. $750.00
B. $3.00
C. $83.33
D. $30.00
Answer: D
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What is the formula for the future value of a single amount at compound interest?
A.
B.
C.
D.
Charlie's Construction Co. acquired a new $800,000 backhoe on April 1, 2014. Charlie's will make six annual payments based upon 8% interest compounded annually, starting on March 31, 2015. How much will each payment be?
A. $504,136 B. $173,052 C. $160,234 D. $109,052
Use the given stock table to answer the question.How does the share price for company ABC compare to the profit per share that it earned in the past year?
A. earnings = 26 × price B. price = 2.5 × earnings C. price = 25.13 × earnings D. price = 26 × earnings
Answer the question.Assume that you have a health insurance plan with the following provisions:? Office visits require a copayment of $25? Emergency room visits have a $200 deductible (you pay the first $200)? Surgical operations have a $1200 deductible (you pay the first $1200)? You pay a monthly premium of $700During a one-year period, your family has the following expenses: Determine your health-care expenses for the year with and without the insurance policy.
A. With policy $2350,without policy $10,280 B. With policy $9330,without policy $10,980 C. With policy $17,030,without policy $10,820 D. With policy $10,050,without policy $10,280