
1 . 

Express as a percent. [Hint]


2 . 

Express 0.052 as a percent. [Hint]


3 . 

Express 450% as a decimal. [Hint]


4 . 

Find the simple interest on $2000, if it is invested at a rate of 9% for 4 years. [Hint]


5 . 

How much money will accumulate in an account if $600 is invested at a rate of 5%, and it is compounded 4 times per year for 7 years? Use the following formula. [Hint]


6 . 

The cost of a boat is $12,360. If the boat is financed by paying $500 down and $256.70 per month for 60 months, determine the amounted financed. [Hint]


7 . 

The cost of a car is $19,725. If the car is financed by paying $1000 down and $512.75 per month for 48 months, determine the total installment price. [Hint]


8 . 

The price of a home is $210,000. The bank requires a 20% down payment and 2 points at the time of closing. The cost of the home is financed with a 30year, fixedrate mortgage at 8%. Find the required down payment. [Hint]


9 . 

The price of a home is $150,000. The bank requires a 20% down payment and 3 points at the time of closing. The cost of the home is financed with a 30year, fixedrate mortgage at 7.5%. How much must be paid for the 3 points at the closing? [Hint]


10 . 

An investor purchased 320 shares of stock at per share. Find the cost of the stock. [Hint]


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