Topic
Q:
12. Fred loaned \( \$ 5000 \) with interest to be calculated at a rate of \( \$ 5.4 \% \) pa simple interest. The interest amount he
paid was \( \$ 890 \).
a) How long was the long for in years?
b) How many months was Fred paying the off?
Q:
12. Fred loaned \( \$ 5000 \) with interest to be calculated at a rate of \( \$ 5.4 \% \) pa simple interest. The interest amount,
pald was \( \$ 890 \).
a) How long was the long for in years?
Q:
You deposit \( \$ 5000 \) each year into an account earning \( 3 \% \)
interest compounded annually. How much will you have in
the account in 25 years?
Q:
You want to buy a \( \$ 256,000 \) home. You plan to pay \( 15 \% \) as a
down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
\( \$ \)
b) What will your monthly payments be if the interest rate
is \( 5 \% \) ?
c) What will your monthly payments be if the interest rate
is \( 6 \% \) ?
\( \$ \square \)
Q:
The opportunity offered by digital technologies to make deep rationalisation in the
purchase of supplies is becoming indispensable in competition between enterprises,
considering positive effects in reducing the costs of the companies that have adopted
procurement. Critically discuss the positive impact of e-procurement in an e-business
using relevant and practical examples to support your discussion
Q:
You want to buy a \( \$ 194,000 \) home. You plan to pay \( 20 \% \) as a
down payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
\( \$ \)
b) What will your monthly payments be if the interest rate
is \( 6 \% \) ?
\( \$ \)
c) What will your monthly payments be if the interest rate
is \( 7 \% \) ?
\( \$ \)
Q:
You want to buy a \( \$ 31,000 \) car. The company is offering a
\( 2 \% \) interest rate for 48 months ( 4 years). What will your
monthly payments be?
Q:
You can afford a \( \$ 800 \) per month mortgage payment. You've
found a 30 year loan at \( 6 \% \) interest.
a) How big of a loan can you afford?
b) How much total money will you pay the loan company?
c) How much of that money is interest?
\( \$ \)
Q:
You want to be able to withdraw \( \$ 50,000 \) each year for 20
years. Your account earns \( 6 \% \) interest.
a) How much do you need in your account at the
beginning?
\( \$ \) b) How much total money will you pull out of the account?
\( \$ \) c) How much of that money is interest?
\( \$ \)
Q:
You have \( \$ 300,000 \) saved for retirement. Your account
earns \( 4 \% \) interest. How much will you be able to pull out
each month, if you want to be able to take withdrawals for
15 years?
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