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Ms. Gibbs deposits $525.50 into an investment bond that earns 7.25% interest, compounded quarterly. Using the compound interest formula, how much interest does the account earn after 6 years?
$283.22
Zendaya wants to buy a computer. The total cost is $1,180. If she can save $60 a month, how long will it take for him to save up for the computer?
20 months
SZA works part-time at a theater earning $12.65 an hour. In the last week, her timecard shows that she worked: 6.0, 4.1, 4.3, 2.1, and 3.2 hours. What is her gross pay for the five days?
$249.21
LaMelo Ball borrowed $37,586 for a car for 5 years at an APR of 7.2%. Determine his monthly payment?
$747.80
Mrs. Enos deposits $525.50 into an investment bond that earns 7.25% interest, compounded quarterly. Using the compound interest formula, how much interest does the account earn after 6 years?
$283.22
Morty received his monthly credit card statement in the mail, the summary of which is shown below. What is the new balance?
Ms. Leyvas will give you the chart to look at.
$3,776.28
The Scotts pay a monthly mortgage payment of $972. They also pay an annual property tax bill of $6,596 and semi-annual homeowner’s insurance of $840. The property tax and insurance are paid monthly into an escrow account to their lender. What is their monthly payment to their lender?
$1,661.67
Tyler the creator was offered a job by Company A making 56K per year, working every week for 40 hours a week. Company B offered him a position earning $31.25 per hour, working every week for 36 hours. Which company is offering to pay him more weekly, and by how much?
Company B is offering her $48.08 more per week than Company A.
Mr. Walters want to save a total of $1,200,000 for retirement. Using the present value of a periodic deposit formula, how much should he deposit monthly into an account that pays 1.35% interest, compounded monthly, to meet his goal in 35 years?
$2,236.68
Lebron and Savannah James are in the 35% tax bracket. Their joint taxable income is $341,520. If the first $17,100 is taxed at 10%, with the remainder at 35%, what is their tax liability?
$115,257
1. 341,520-17,100= 324,420
2. 17,100x.1= $1,710
3. 324,420x.35= $113,547
4. 1,710+113,547= $115,257
On July 3, the ABC corporation closed at $43.20. This was a $0.47 increase from the close the day before. What percent change (must show percent as positive or negative for points) is this?
+1.1%
U-Haul charge $30 per hour for loading/unloading services and $20 per hour for packing/unpacking services. Their truck rental charges a fee of $0.25 per mile. is moving a distance of 200 miles and needs 7 hours of loading/unloading and 6 hours of packing/unpacking. What will her moving cost be if the service also charges 3.9% tax on the total?
$394.82
Michael Jordan makes $18.45 per hour working 40 hours per week for a construction company. For any hours worked on Saturdays, he earns time-and-a-half. On Sundays he earns the double-time rate. Last week, he worked his regular shift plus 6.5 hours overtime on Saturday and 4.7 hours overtime on Sunday. What was his gross paycheck?
$1,091.32
1. 18.45x40= $738 "he worked his regular shift"
2. 6.5x1.5= 9.75 hours "time and a half on Sat."
3. 4.7x2= 9.4 hours "double time on Sun."
4. 9.75+9.4= 19.15 hours
5. 19.15x 18.45=$353.32+ $738= $1,091.32
Tobey Maguire wants to take a trip to China in 4 years. He knows she will need about $6,200. Using the formula for present value of a single deposit, how much should he deposit now into an account that pays 3.26% interest, compounded daily, in order to meet his goal?
$5,442.05
Mrs. Koltz invests $4,000 in an account that earns 1.788% simple interest. How much is in the account after 8 years?
$4,572.16
(if you had $572.16 you just showed me interest, the formula I=Prt the "I" is interest. The question askes us not just for interest but for total bc of the phrase "how much is in the account after 8 years" 8 TOTAL years, total=addition )
Ms. Hermiz does not pay her credit card in full each month, so she incurs finance charges. On her last credit card statement, the average daily balance is $1,005 and the annual percentage rate is 21%. What should be the finance charge on the monthly statement?
$17.59
MPR- 1.75%
Lady Gaga works 26 miles from her home and buys a car for commuting that has a fuel efficiency rating of 32 miles per gallon. If she fills up her tank before driving to and from work for 8 days, how much would she spend to refill it back up at $3.73 per gallon?
$48.49
26x2=52 "to and from"
52x8=416 "for 8 days"
416/32=13 *need to see how many gallons she used bc she "fills up her car"
13x3.73=$48.49
J. Cole has a side-hustle selling used textbooks online. He receives 8% on his first $1,300 in sales, and 13% on the balance of his sales. If his sales in one month were $18,500, what would he earn in commission?
$2,340
1. 18,500-1,300= 17,200
2. 1,300x.08= $104
3. 17,200x.13= 2,236
4. 104+2,236= 2,340
Joe Goldberg wants to borrow $12,000 to buy a used car. He examined his budget and decided that he can afford a payment of $210 a month. If his bank offers him an APR of 6.5%, how long should he borrow the money so he can afford his monthly payment?
5.7 years
Length of loan formula
Mr. Thomas qualifies as head of household. His taxable income is $90,300. His employer withheld $21,000. Calculate the amount of the refund or the amount of additional tax that he owes. (must have refund or owes for points)
Ms. Leyvas will provide tax table.
Owes $2406
13158+.28(90300-53700)
21,000- 2,406
Mrs. Vito is verifying the accuracy of her paycheck. She earns $13.50 an hour and works 35 hours each week. Her biweekly deductions are Social Security 6.2%, Medicare 1.45%, federal withholding tax $189.00, state withholding tax $28.38, and health insurance $113.40. What is her net pay if she is paid biweekly?
$541.93
YoungBoy wants to rent a one-bedroom apartment in Glendale. The apartment has a monthly rent of $1,500. The fees are shown below. How much can he expect to pay up front for this apartment, including 1st month’s rent?
Application fee: 3% of one month’s rent
Credit application fee: $50
Security deposit: one month’s rent
Broker’s fee: 3.5% of one year’s rent
$3,725
App fee: 1,500x.03= 45
Credit fee: 50
Security deposit: 1,500
Broker fee: 1,500x12= 18,000x.035= 630
45+50+1,500+630= 3,725
Mrs. Case owns 1,500 shares of a corporation that pays a quarterly dividend of $0.36 a share. How much in dividends did she receive last year?
$2,160
(if you got $540, it is bc you did not account for the word "quarterly" which tells me i must multiple by 4)
Dr. Strange is thinking about retirement and decides to sail around the world once he retires. He buys a sailboat for $115,000. He borrows the money at an APR of 7.5% for six years. Using the formula for monthly payment, what will his total interest be?
$28,161.92
Using the tax schedule below, which linear equation models the tax due for an income range of $204,100 to $510,300?
Ms. Leyvas will provide tax schedule.
.35x- $24,806.50