Compounding interest
Question: Determine how long it takes for $150.00 to become $2,000.00 if invested at 4% interest compounded quarterly.
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A large corporation with offices filling a 40 storey building is concerned to minimize the waiting and travel times of its employees when using the lifts, which are regularly perceived as too long at certain times of the day.
Write a linear polynomial for the rent price P and a linear polynomial for the number of apartments (Q).
Invest a total of $4000 in 2 stocks that paid 5% and 7% annual interests. At the end of the year total interests from these investments is $230. How much was invested at each rate?
Problem: The profit P (in dollars) made by a fast food restaurant selling "x" hamburgers is: Find the open intervals on which P is increasing or decreasing.
What is the remaining amortization period on this mortgage? If the mortgage is renewed at the end of the first term for another 5 year term at 8% compounded semi-annually, how much are the new monthly payments?
A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?
Question: Find the rate of interest if money is worth 18% compounded monthly?
What should be the face value of the note to give them the exact amount they need to pay cash for the merchandise?
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