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Author Archives: Anonymous

Find the monthly house payment necessary to amortize the fol…

Find the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $70,000 at 12% compunded monthly for 15 years. What is the monthly payment?

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Evaluate f(x)=x3-x  at x=[x].

Evaluate f(x)=x3-x  at x=[x].

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Find the effective rate (APY) corresponding to each nominal…

Find the effective rate (APY) corresponding to each nominal rate and determine which is the BEST investment. 9% compounded semiannually 8.9 % compounded monthly 9.1% compounded annually

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Which of the following finance problems require annuity form…

Which of the following finance problems require annuity formulas? Choose ALL that apply.

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You have agreed to pay off a $8,000 loan in 30 monthly payme…

You have agreed to pay off a $8,000 loan in 30 monthly payments of $298.79 per month. The interest rate of the loan is 0.75% per month on the unpaid balance. What is the unpaid balance after 12 monthly payments have been made? (Hint from a nice man: only the monthly rate is given. Use PV formula with appropriate entries to get answer.)

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If you deposit $[P] into a fund (today) that earns [r]% inte…

If you deposit $[P] into a fund (today) that earns [r]% interest compounded monthly,what minimum payment can you withdraw at the end of each month for [t] years so that the account has a $0 balance.   (ANSWER FORMAT: In order to ensure you receive credit, DO NOT enter the $ sign nor commas and make sure you give answer to the nearest cent. If you are “off” by 1 cent, the answer is wrong! Examples: 388.49, 547.00)

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A company is in need of revenue for a period of 26 weeks. Th…

A company is in need of revenue for a period of 26 weeks. They elect to sell 10,000 T-Bills that will mature to $1000 after the 26 weeks. If the company wants to pay a simple interest rate of 5.2% on the T-Bills, then what price should they charge for each T-Bill and how much revenue (to nearest dollar) will the sale generate?

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A hospital wants to find the average patient age by diagnosi…

A hospital wants to find the average patient age by diagnosis. Which SQL is correct?

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Which keyword is used to sort data?

Which keyword is used to sort data?

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 Which query finds the **oldest patient age per diagnosis**?

 Which query finds the **oldest patient age per diagnosis**?

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