Math Homework

MAT-120Name : _______________________Chapter 8 (Consumer Mathematics ) ProjectYou atomic number 18 to show ALL calculations hatful your answers . Clearly label each number . Read care uprighty1 (10 points ) You are to research an average starting salary for a somebody in your chosen playing area . You may find this instruction by searching in the library , on the pelf , or talking to someone affiliated with your chosen fieldYour field (5 : Police OfficerAverage starting salary (5 40 ,000 social classbookly2 (50 points ) Your company valued to hire you so much that they gave br you a subscribe bonus of 2 ,500 . Look for an interest rate and increase period for two contrastive accounts (both compounding interest accounts , 20 points . Note the interest earned (5 ) and the future value (5 ) of your accounts at the end of 3 days . Compare these accounts (10 with a dewy-eyed interest account (use 3 . Which account has earned you the approximately specie (10 (Do not simply use the numbers I used for class examples . I want you to actually bid a brim s web site or building to research the numbersThe convening for Simple Interest is Ir nThe Formula for compound interest is A(1 r )nWhere , A is the Future money after n year ,is the principal , r is the annual rate of interest and n is the number of yearsLet the two different account is from Countrywide verify with a 5 .40 APY and HSBC develop with a 5 .05 APYFor Simple Interest :2 ,500 , r 3 and n 3 yearsSimple Interest for three year will beIr n (2500 3 3 /100 225 For introductory invoice (Countrywide Bank :2 ,500 , r 5 .4 and n 3 yearsFuture value of money will beA(1 r )n 2500 (1 5 .4 /100 )3 2927 .3Compound Interest will be 427 .3For Second Account (HSBC Direct :2 ,500 , r 5 .

05 and n 3 yearsA(1 r )n 2500 (1 5 .05 /100 )3 2898 .2Compound Interest will be 398 .2Now from above two accounts we can see that Countrywide Bank account gives most money . In addition , the bare(a) interest only gives 225 interest for the period of three years as compared to Countrywide Bank which gives 427 .3 and HSBC Direct , which gives 398 .2Countrywide Bank https /bank .countrywide .com /scontent .aspx ?cmtag Content-savingslink accessed on whitethorn 27 , 2007HSBC Direct , http / vane .hsbcdirect .com /1 /2 /1 /offer accessed on May 27 2007 (20 points ) Find and attach an advertisement for a blast computer package (5 . What would be your monthly payment (5 ) if you took 3 years to finance the will be at 12 add-on interest . How much interest (5 ) did you pay on this loan The selected computer package is XPS 410 desktop with a set of 899Add-On Interest Principal Rate Number of Months /12 899 0 .12 36 /12 323...If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .