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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.

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    Financial Problem Solving and Applications: A Comprehensive Review, page 1Financial 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

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    Financial Problem Solving and Applications: A Comprehensive Review, page 3(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 44.Youinvest$4,500intoasavingsaccountthatearns1%annualinterestcompounded

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    Financial Problem Solving and Applications: A Comprehensive Review, page 5monthly.Howmuchwillbeintheaccountattheendof3years?Givetheanswerindollarsandcentstothenearestcent.(4pts)5.Howmuchmoneyshouldyoudepositnowinasavingsaccountearning2¼%annualinterest,compoundedquarterly,sothattherewillbe$10,000intheaccountin5years?Givethe answerindollarsandcentstothenearestcent.(4pts)

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