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Author Archives: Anonymous

A mortgage of $80,000 with 2 points means the borrower would…

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800.

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3/10, 1/15, n/30 means that a 3 percent cash discount is ava…

3/10, 1/15, n/30 means that a 3 percent cash discount is available from day 11 to day 15.

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42,515 rounded to nearest thousand is 43,000.

42,515 rounded to nearest thousand is 43,000.

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Percent markup on selling price can be converted to percent…

Percent markup on selling price can be converted to percent markup on cost by formula.

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I have captured the required camera angle of showing my hand…

I have captured the required camera angle of showing my hands, face, and workspace including my computer monitor / laptop screen simultaneously.

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Merle Fonda opened a new savings account. She deposited $40,…

Merle Fonda opened a new savings account. She deposited $40,000 at 10 percent compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10 percent. At the end of 6 years, the balance in Merle’s account is: (Solve using the financial calculator. Select the best answer.)

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42,515 rounded to nearest thousand is 43,000.

42,515 rounded to nearest thousand is 43,000.

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A mixed decimal does not contain a whole number.

A mixed decimal does not contain a whole number.

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Joe Flynn visited his local bank to see how long it will tak…

Joe Flynn visited his local bank to see how long it will take for $1,200 to amount to $2,100 at a simple interest rate of 7%. The time is: (Round time in years to nearest tenth.)

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The # of periods on $5,000 at 12% compounded semiannually fo…

The # of periods on $5,000 at 12% compounded semiannually for 10 years is 10 periods.

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