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- https://stats.libretexts.org/Courses/Fresno_City_College/New_FCC_DS_21_Finite_Mathematics_-_Spring_2023/06%3A_Mathematics_of_Finance/6.01%3A_Simple_and_Compound_Interest/6.1.01%3A_Simple_and_Compound_Interest_(Exercises)11) Jose agrees to pay $2,000 in one year at an interest rate of 12%. The bank subtracts the discount of 12% of $2,000, and gives the rest to Jose. 13) An amount of $8,000 is borrowed at a discount ra...11) Jose agrees to pay $2,000 in one year at an interest rate of 12%. The bank subtracts the discount of 12% of $2,000, and gives the rest to Jose. 13) An amount of $8,000 is borrowed at a discount rate of 12%, find the proceeds if the length of the loan is 7 months. Mary decides to borrow the amount from her bank at a discount rate of 16%. If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $750?
- https://stats.libretexts.org/Under_Construction/Purgatory/FCC_-_Finite_Mathematics_-_Spring_2023/06%3A_Mathematics_of_Finance/6.02%3A_Compound_Interest/6.2.01%3A_Compound_Interest_(Exercises)How much money should be deposited now to pay for these machines, if the interest rate is 8% compounded semiannually? How much money should they deposit in an account paying 10.2% so they will have $1...How much money should be deposited now to pay for these machines, if the interest rate is 8% compounded semiannually? How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years to pay for their daughter's educational expenses? 15) The population of the African nation of Cameroon was 12 million people in the year 2015; it has been growing at the rate of 2.5% per year.
- https://stats.libretexts.org/Sandboxes/JolieGreen/Finite_Mathematics_-_Spring_2023_-_OER/06%3A_Mathematics_of_Finance/6.02%3A_Compound_Interest/6.2.01%3A_Compound_Interest_(Exercises)How much money should be deposited now to pay for these machines, if the interest rate is 8% compounded semiannually? How much money should they deposit in an account paying 10.2% so they will have $1...How much money should be deposited now to pay for these machines, if the interest rate is 8% compounded semiannually? How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years to pay for their daughter's educational expenses? 15) The population of the African nation of Cameroon was 12 million people in the year 2015; it has been growing at the rate of 2.5% per year.
