# MAT119 M5WA5

Find Interest- $35,000 at 6% for 9 months

Using the formula

Exercise 4 Find Interest- $1875 at 5.3% for 7 Months

Using the formula

Exercise 8 Find Interest- $8940 at 9%; loan made May 7 and due Sept. 19

Using the formula

Future Value for Simple Interest

Or

Exercise 16 Find FV– $3475 Loan at 7.5% for 6 Months

Exercise 18 Find FV– $24,500 Loan at 9.6% for 10 Months

Present Value for

Simple Interest

Exercise 22 Find Present Value of $48,000 for 8 Months money earn 5%

future amount

Using the formula

Exercise 4 Find Interest- $1875 at 5.3% for 7 Months

Using the formula

Exercise 8 Find Interest- $8940 at 9%; loan made May 7 and due Sept. 19

Using the formula

Future Value for Simple Interest

Or

Exercise 16 Find FV– $3475 Loan at 7.5% for 6 Months

Exercise 18 Find FV– $24,500 Loan at 9.6% for 10 Months

Present Value for

Simple Interest

Exercise 22 Find Present Value of $48,000 for 8 Months money earn 5%

future amount

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