Using the compound interest tables, answer the following questions.
Required:
a.What amount of interest will be earned on an investment of $10,500 left on deposit by Marcy for three years at 9% interest compounded annually?b.Travis deposited $10,000 in a fund that earns 8% interest compounded annually. How many years will it take for the fund to grow to $21,589.25?
What will be an ideal response?
| a. | $7,500 × 1.295029 (n = 3, i = 9%) |
| $13,597.81 | |
| (10,500.00) | |
| $ 3,097.81 | |
| b. |
n =10 years |
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On June 1,2016, Molser Company acquired a new machine by agreeing to pay five equal annual payments of $20,000, with the first payment due that day. Assuming an interest rate of 14% compounded annually, Molser should record the acquisition cost of the machine as
A. $68,662. B. $78,274. C. $87,719. D. $100,000.
Provide an appropriate response.The solution for the equation 3(6s - 9) = 18s - 27 is given as 0. Is this correct? Explain.
What will be an ideal response?
Complete the identity.
= ?
A. tan (6?) cot (2?) B. tan (4?) + tan (8?) C. 2 tan (6?) tan (2?) D. tan (6?)
What type of research is designed specifically to test some developmental explanation and expand scientific knowledge?
A. experimental B. hypothetical C. theoretical D. applied