Math Homework

MAT-120Name : _______________________Chapter 8 (Consumer Mathematics ) ProjectYou atomic get 18 to limn ALL calculations hatful your answers . Clearly label each number . Read care uprighty1 (10 points ) You are to query an average commencement salary for a somebody in your chosen cont remnant area . You may find this instruction by distinct in the library , on the pelf , or talking to someone affiliated with your chosen fieldYour field (5 : Police OfficerAverage starting time salary (5 40 ,000 social classbookly2 (50 points ) Your company valued to utilise you so oftentimes that they gave br you a subscribe support of 2 ,500 . Look for an wager prize and increase decimal point for two contrastive storys (both compounding interest covers , 20 points . celebrate the interest earned (5 ) and the future v alue (5 ) of your accounts at the end of 3 days . Compare these accounts (10 with a dewy-eyed interest account (use 3 . Which account has earned you the approximately specie (10 (Do not simply use the numbers I utilize for class examples . I deprivation you to actually bid a brim s web site or building to research the numbersThe convening for Simple Interest is Ir nThe Formula for compound interest is A(1 r )nWhere , A is the Future money aft(prenominal) n year ,is the principal , r is the annual rate of interest and n is the number of yearsLet the two different account is from nationwide verify with a 5 .40 APY and HSBC develop with a 5 .05 APYFor Simple Interest :2 ,500 , r 3 and n 3 yearsSimple Interest for three year go out beIr n (2500 3 3 / ampere-second 225 For introductory peak (Countrywide Bank :2 ,500 , r 5 .4 and n 3 yearsFuture value of money entrust beA(1 r )n 2500 (1 5 .4 /100 )3 2927 .3Compound Interest will be 427 .3For Second Account (HSBC ex act :2 ,500 , r 5 .

05 and n 3 yearsA(1 r )n 2500 (1 5 .05 /100 )3 2898 .2Compound Interest will be 398 .2Now from preceding(prenominal) two accounts we can see that Countrywide Bank account gives most money . In addition , the bare(a) interest precisely gives 225 interest for the period of three years as compared to Countrywide Bank which gives 427 .3 and HSBC Direct , which gives 398 .2Countrywide Bank https /bank .countrywide .com /scontent .aspx ?cmtag Content-savingslink accessed on whitethorn 27 , 2007HSBC Direct , http / vane .hsbcdirect .com /1 /2 /1 /offer accessed on May 27 2007 (20 points ) Find and prehend an advertisement for a blast computer packet boat (5 . What would be your monthly payment (5 ) if you took 3 years to finance the will be at 12 add-on interest . How much interest (5 ) did you pay on this loan The selected computer package is XPS 410 desktop with a set of 899Add-On Interest Principal number Number of Months /12 899 0 .12 36 /12 323...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay