# MTH 216 Week 5 Study Plan for Final Examination

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MTH 216 Week 5 Study Plan for Final Examination

1.C Sets and Venn Diagrams

Use Venn diagrams with three sets.

4.A Taking Control of Your Finances

Calculate net cash flow.

Analyze spending patterns and options.

Solve application problems involving expenses.

4.B The Power of Compounding

Calculate simple and compound interest.

Find the annual percentage yield (APY).

Calculate continuous compound interest.

4.C Savings Plans and Investments

Decide if a statement involving savings plans and investments makes sense.

Calculate and interpret balances using the savings plan formula.

Calculate total and annual returns.

4.D Loan Payments, Credit Cards, and Mortgages

Calculate loan payments, total payments, and total interest and principal.

Analyze credit card debt.

Analyze loan options, mortgage options, and closing costs.

4.E Income Taxes

Calculate gross income, adjusted gross income, and taxable income.

Compute FICA taxes and total tax bills.

Calculate tax credits and deductions.

Determine whether renting or buying is cheaper.

6.B Measures of Variation

Find the standard deviation and five-number summary for a data set.

7.B Combining Probabilities

Solve probability problems.