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Financial Problem Solving and Applications: A Comprehensive Review - Document preview page 1

Financial Problem Solving and Applications: A Comprehensive Review - Page 1

Document preview content for Financial Problem Solving and Applications: A Comprehensive Review

Financial Problem Solving and Applications: A Comprehensive Review

A review of financial problem-solving strategies and applications, including real-world examples of financial decision-making.

David Miller
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12 months ago
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Financial Problem Solving and Applications: A Comprehensive Review - Page 1 preview imageFinancial Problem Solving and Applications: A Comprehensive ReviewNAMEDIRECTIONS:PleasebesureyouhavereadthedirectionsforintheWeek#3Learningmodule.Showallyourworkforfullcredit.Workinaneat,orderlyfashion.Failuretodosomayresultinadeductionofpoints.1.Theretailpriceofagoldchainatajewelrystoreis$1,250.Thestorehasa40%markup.Ifthejewelrystoreishavinga20%offsale,whatistheirprofitonthegoldchain?Givetheanswerindollarsandcentstothenearestcent.(3pts)2.Therewere850studentsenrolledatacommunitycollegein2009.In2010therewasa12%increaseinenrollment.From2010to2011therewasa15%increaseinenrollment.Findthepercentincreaseinenrollmentform2009to2011.Writeyouranswer asapercentroundedto onedecimalplace.
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Financial Problem Solving and Applications: A Comprehensive Review - Page 2 preview image
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Financial Problem Solving and Applications: A Comprehensive Review - Page 3 preview image(3pts)3.Youdeposit$1,150intoasavingsaccountearningsimpleannualinterest.Attheend of27monthsthereis$1,245.50intheaccount.Whatwastheannualinterestratefortheaccount?Givetheanswerasapercentcorrecttotwodecimalplaces.(3pts)
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Financial Problem Solving and Applications: A Comprehensive Review - Page 4 preview image4.Youinvest$4,500intoasavingsaccountthatearns1%annualinterestcompounded
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Financial Problem Solving and Applications: A Comprehensive Review - Page 5 preview imagemonthly.Howmuchwillbeintheaccountattheendof3years?Givetheanswerindollarsandcentstothenearestcent.(4pts)5.Howmuchmoneyshouldyoudepositnowinasavingsaccountearning2¼%annualinterest,compoundedquarterly,sothattherewillbe$10,000intheaccountin5years?Givethe answerindollarsandcentstothenearestcent.(4pts)
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Finance

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