MATH 119 Written Assignment 5

                 Section 5.1

1. 35,000 at 6% for 9 months

Simple interest is 1575.

1. 1875 at 5.3% for 7 months

Simple interest is

1. 8940 at 9%; loan made on May 7 and it is due September 19

(31?7) 30 31 31 19 135 days

Simple interest is

1. 3475 loan at 7.5% for 6 months

Future value is

1. 24,500 loan at 9.6% for ten months

Future value is 26,460.

1. 48,000 for eight months; money earns 5%

Present value is 46,

1. Six-month 18000 T-bill with a discount rate of %

The actual rate is about %

The amount paid was 732,

The loan is for 11 months.

The actual interest is .

The actual interest rate is about %.

Section 5.2

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