Site MapHelpFeedbackKey Quiz 8.2
Key Quiz 8.2
(See related pages)

1
Kinesha deposits $500 in a savings account which pays 3.25% per year compounded monthly. How much will she have in her account after 10 years?
A)$513.71
B)$691.11
C)$691.71
D)$23 215.50
2
How much would $10 000 invested at 2% compounded semi-annually be worth after 20 years?
A)$12 201.90
B)$14 888.64
C)$14 913 .30
D)$22 080.40
3
Vikram takes out a $10 000 student loan. The loan is for five years with 10% interest compounded semi-annually. How much of what Vikram repays will be interest?
A)$16288.95
B)$6288.95
C)$6105.10
D)$2762.82
4
Nomar wants to buy a car, and contacts three agencies about a loan. All three agencies offer five-year loans. Agency A offers 3.99% compounded quarterly. Agency B offers 3.95% compounded monthly. Agency C offers 4% compounded annually. Which Agency should Nomar choose?
A)Agency A
B)Agency B
C)Agency C
D)Without knowing the size of the loan, it is impossible to choose.
5
The population of Toxicity is shrinking by 2% per year due to the closing of the local waste plant. If Toxicity’s current population is 75 000, what will its population be in 10 years?
A)91 425
B)73 500
C)67 794
D)61 280





To learn more about the book this website supports, please visit its Information Center.
(c)2007 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Notice.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.


Foundations for College MathemOnline Learning Center

Home > Chapter 8 > Key Quiz 8.2