The federal deficit refers to the government overspending for one year, whereas the federal debt refers to the government overspending for many years. 

You deposit $10,000 into an account.  Calculate how much will be in the account 15 years later, if you earn 5% compounded annually. if you earn 5% compounded monthly. if you earn 3% compounded continuously. Use the formulas provided for you in the academic honesty question. Round your answers to the nearest penny, which is two decimal places after the decimal point. Show your work and answer on your paper.   This question is worth 12 points = 4 points for each part.

A population of beetles begins at 3 and grows by 8 each week.   Select the general (explicit) formula for this growth from the options below.  Refer to the formulas given to you in the Academic Honesty Statement question.  

Suppose your monthly payment on a 15-year mortgage is $2800.  Your total payment over the 15 year period …

A home’s value is doubling every seven years.  This doubling is a form of linear growth.

The Fibonacci sequence starts with 1, 1, 2, 3, … and contains the number 55.

The number of patients in the local ICU (intensive care unit) is increasing by 15 people every day. This is an example of an exponential growth.

The Aids virus in 1983 claimed 1700 lives and the growth rate was at 190% per year.   Select the general (explicit) formula for this growth from the options below.  Refer to the formulas given to you in the Academic Honesty Statement question.  

The Fibonacci sequence starts with 1, 1, 2, 3, … and contains the number 89.  

Based on the following, what is the company’s ending cash balance? Beginning Cash: $400,000 Net Income: $300,000 Increase in AR: $40,000 Amortization Expense: $30,000 Decrease in AP: $12,000 Increase in Unearned Revenue: $17,000 Cash flows provided by financing: $200,000 Cash flows used by investing: $140,000