Ashford MAT 126 Week 4
Ashford MAT 126 Week Four Discussion 1 |
The purpose of this Discussion is to analyze a financial plan that portrays a somewhat typical budgeting scheme. You will calculate expenses, a mortgage payment, and the effects of interest and financing on your budget. Show your math work for every answer and identify the answers with words.
Ashford MAT 126 Week Four Discussion 2 |
This Discussion allows you to demonstrate your understanding of the similarities and differences between classical probability and empirical probability.
· Ashford MAT 126 Week 4 Pythagorean Triples Assignment
Asford MAT 126 Week 4 Quiz 20 MCQ’s
· A single card is drawn from a deck. What is the probability of getting a queen or a king?
· In a shop there are 20 customers, 18 of whom will make a purchase. If three customers are selected, one at a time, at random, what is the probability that all will make a purchase?
· A coat was reduced from $250 to $200. Find the percent of the reduction in price.
· A company borrowed $1500. It must make monthly payments of $40.50 for 42 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
· A $400 loan is to be paid off in 66 monthly payments of $11.62. The borrower decides to pay off the loan after 18 payments. Use the rule of 78s to find the amount of interest saved
· A single card is drawn from an ordinary 52-card deck. Find the probability of getting a heart and a jack.
· A company borrowed $3100. It must make monthly payments of $178.37 for 18 months to pay off the loan. Use the constant ratio formula to find the annual percentage rate.
· A coin is tossed and then a die is rolled. Find the probability of getting a 5 on the die given that the coin landed tails up.
· Katie had an unpaid balance of $1,734.50 on her credit card statement at the beginning of January. She made a payment of $165.00 during the month. If the interest rate on Katie’s credit card was 7% per month on the unpaid balance, find the finance charge and the new balance on February 1.
· In a classroom, the students are 11 boys and 1 girl. If one student is selected at random, find the probability that the student is a girl.
· Express 3.46 as a percent.
· The odds in favor of an event are 10:1. Find the probability that the event will occur.
· Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.
· Find the effective rate when the stated rate is 13.5% and the interest is compounded semiannually.
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