Finding a final amount in a word problem on exponential growth or decay An amount of \( \$ 40,000 \) is borrowed for 10 years at \( 9 \% \) interest, compounded annually. Assuming that no payments are made, find the amount owed after 10 years. Use the calculator provided and round your answer to the nearest dollar.

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A car salesperson earns \( \$ 900 \) each month plus \( 6 \% \) commission on her monthly car sales. If she sells \( \$ 58,000 \) worth of cars on a given month, which of the following is her total monthly salary? A. \( \$ 4,380.00 \) B. \( \$ 3,534.00 \) C. \( \$ 3,480.00 \) D. \( \$ 3,426.00 \)

The new technology aims to assist both grocery chains and the customer. With years of inflation and grocery prices rising, budgets are top of mind for consumers right now. So much so that a survey of registered voters before last month`s election showed that a whopping 96\% of voters said high prices for gas, groceries, and other goods factored in to how they cast their ballots. Consumer Price Index, or CPI, inflation data shows that Americans are shelling out \( 22 \% \) more for groceries compared to January of 2021.

The Franklins bought a house for \( \$ 262,000 \). They put \( 20 \% \) down and financed the rest with a thirty-year loan at \( 5 \frac{3}{8} \% \). (a) Find their monthly payment. (Round your answer to the nearest cent.) \( \$ 1173.70 \) (b) If they paid an extra \( \$ 85 \) per month, how early would their loan be paid off? (HINT: This involves some trial-and- (Hr

Suppose Lisa borrows \( \$ 7500 \) at an interest rate of \( 4 \% \) compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any rounding. \[ \begin{array}{l}\text { (a) Find the amount owed at the end of } 1 \text { year. } \\ \text { (b) Find the amount owed at the end of } 2 \text { years. }\end{array} \]