How do you go about finding the limit of a function using a calculator? Provide eamples. How do you go about finding the limit of a function algebraically? Provide eamples. […]
Mathematics
The penalty on overdue invoices
GenX Holdings received an invoice from its supplier that indicates the penalty on overdue invoices will be charged at a rate of 3.4% per month. What effective rate of […]
Negotiated a salary increase
Your company’s union just negotiated a salary increase of 0.5% every three months. What effective increase in your salary was negotiated?
Monthly compounded interest rate
At what monthly compounded interest rate does it take five years for an investment to double?
Quarterly compounded rate of interest
In a civil lawsuit, a plaintiff was awarded damages of $15,000 plus $4,621.61 in interest for a period of 3¼ years. What quarterly compounded rate of interest was used […]
Missed two payments to a creditor
Darwin is a young entrepreneur trying to keep his business afloat. He has missed two payments to a creditor. The first was for $3,485 seven months ago and the […]
The creditor be willing to accept today
A debt of $37,000 is owed 21 months from today. If prevailing interest rates are 6.55% compounded quarterly, what amount should the creditor be willing to accept today?
The maturity value
What is the maturity value of your $7,800 investment after three years if the interest rate was 5% compounded semi annually for the first two years, 6% compounded quarterly […]
Nominal rate of interest
After a period of three months, Alese saw one interest deposit of $176.40 for a principal of $9,800. What nominal rate of interest is she earning?
Interest-only payments for the next 12 months
Betty just signed a contract for her business that will allow her to make interest-only payments for the next 12 months. If her interest rate is 12% compounded monthly […]