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Finance Questions & Answers

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2.3 The current exchange rate of the Polish Zloty to the South African Rand is \( 1: 4,47 \). Convert R18 356,26 to Polish Zloty. Show ALL your calculations.
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6. Bjorn earns \( \$ 468.75 \) per week award wage for a 38 -hour week. a. What is his standard hourly rate?
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4. Below are the pay details for 4 people. Who receives the most money? a. Billy receives \( \$ 18.50 \) per hour for a 40 -hour working week. \( 40 \times 18.50=\$ 74 \) b. Jasmine is on an annual salary of \( \$ 38400 . \frac{38400}{52}=\$ 78 \) c. Mladin receives \( \$ 1476.90 \) per fortnight. \( 1476.90 \div \) d. Thuy receives \( \$ 3205 \) per month.
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Find the present value for the given future amount. Round to the nearest cent. \( A=\$ 8000,11 \) years \( r=4 \% \) compounded semiannually
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Question \( 17 \quad 1 \) pts Find the present value for the given future amount. Round to the nearest cent. \( A=\$ 17,400,14 \) years \( r=3 \% \) compounded annually
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\begin{tabular}{|l|}\hline Question 16 \\ \hline \\ Find the present value for the given \\ future amount. Round to the nearest \\ cent. \\ A = \$4600, 4 years \\ \( \mathrm{r}=6 \% \) compounded annually \\ \hline\end{tabular}
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Use the compound interest formula to compute the future value of the investment. Round to the nearest cent. \( \$ 4200 \) at \( 2 \% \) compounded monthly for 17 months
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Question 14 Use the compound interest formula to compute the future value of the investment. Round to the nearest cent. \( \$ 600 \) at \( 3.5 \% \) compounded daily for 6 years (assume 360 days per year)
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\begin{tabular}{l} Question 13 \\ Use the compound interest formula to \\ compute the future value of the \\ investment. Round to the nearest \\ cent. \\ \( \begin{array}{l}\$ 4500 \text { at } 3 \% \text { compounded monthly } \\ \text { for } 6 \text { years }\end{array} \) \\ \( \begin{array}{l}\text { \$5386.27 }\end{array} \) \\ \hline \$4309.01 \( \$ 4567.92 \) \\ \hline\( \$ 17,166.14 \)\end{tabular}
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\begin{tabular}{l} Use the compound interest formula to \\ compute the future value of the \\ investment. Round to the nearest \\ cent. \\ \$2000 at 4\% compounded quarterly \\ for 5 years \\ ○ \$2433.31 \( \$ 2440.38 \) \\ \hline\( \$ 2400.00 \)\end{tabular}
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