i need answers to my finite mathematics weekly discussion – writinghub.net

i need answers to my finite mathematics weekly discussion – writinghub.net

I need answers to the following questions. Please show your work:

5. If you paid


$


150

to a loan company for the use of


$


4


,


000

for


90

days, what annual interest rate did they charge?

10. Use the continuous compound interest formula to find the indicated value P=$ 2,570; r=3.14%; t=4

years;


A


=


?

21. What is the present value of an annuity that pays $


200

per month for


10

years if money is worth


5


%

compounded monthly?

25. A family has a


$


150


,


000


30

-year mortgage at


4.5


%

compounded monthly. What is the monthly payment?

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