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Finite Mathematics - MATH 205 CheckPoint Assignment - Week 5

INSTRUCTIONS:
This is your checkpoint assignment for week 5. Each question is worth DIFFERENT POINTS AND SHOULD ALL TOTAL 30 points. Some questions will have subparts (a, b, c, etc.), these questions will be worth more points, so you should answer all subparts correctly to receive full credit.
As specified in your syllabus, you are to submit your assignment to your ING as an attachment in Microsoft word. This document is already a Microsoft word document therefore this is the only document you need to complete and submit for your checkpoint assignment.

I strongly suggest that you use the Microsoft Equation Editor to show your solution where applicable.
-------------------------------------PLEASE NOTE---------------------------------------------
The "serial #" listed in this checkpoint is used to keep track of the number of exercises required each week. You will find that the number of exercises to be completed vary from week to week.

Please indicate your answers to the problems for this portion of the assignment by selecting the box next to the correct answer. You may need to explain or show your answer and I have provided space for that.

Serial #: 1 Serial # 1) _____
Section: 5.1 Page: 213 Exercise: 24
(1 points)

A. $5370.38
B. $5371.38
C. $5320.38
D. $3370.38

Serial #: 2 Serial # 2) ______
Section: 5.1 Page: 213 Exercise: 32
(1 points)

A. $25,894.30
B. $27,894.30
C. $217,894.30
D. $27,800.30

Serial #: 3 Serial # 3) ______
Section: 5.1 Page: 213 Exercise: 36
(1 points)

A. 11.4%
B. 10.4%
C. 1.4%
D. 12.4%

Serial #: 4 Serial # 4) ______
Section: 5.1 Page: 213 Exercise: 40
(1 points)

A. $51,123.32
B. $51,089.00
C. $51,089.32
D. $50,089.32

Serial #: 5 Serial # 5) ______
Section: 5.1 Page: 214 Exercise: 46
(1 points)

A. 11.99%
B. 0.99%
C. 1.00%
D. 1.99%

Serial #: 6 Serial # 6) ______
Section: 5.1 Page: 214 Exercise: 52
(1 points)

A. 35yr
B. 30yr
C. 40yr
D. 3yr

Serial #: 7
Section: 5.1 Page: 215 Exercise: 58
(4 points)

a. annually
Select your answer _________

A. $16,288.95
B. $16,388.95
C. $14,288.95
D. $11,288.95
b. quarterly
Select your answer _________

A. $14,436.19
B. $16,436.19
C. $13,436.19
D. $16,406.19
c. monthly
Select your answer _________

A. $16,460.09
B. $16,470.09
C. $16,470.00
D. $16,471.09
d. daily (365 days)
Select your answer _________

A. $16,486.65
B. $15,486.65
C. $12,446.65
D. $16,256.65

Serial #: 8
Section: 5.2 Page: 223 Exercise: 20
(2 points)

Show your work/answer.

Serial #: 9 Serial # 9) ______
Section: 5.2 Page: 223 Exercise: 28
(1 points)

A. $200,752.70
B. $247,700.70
C. $247,752.00
D. $247,752.70

Serial #: 10 Serial # 10) ______
Section: 5.2 Page: 223 Exercise: 38
(1 points)

A. $26,034.09
B. $46,034.09
C. $56,034.09
D. $46,749.02

Serial #: 11 Serial # 11) ______
Section: 5.2 Page: 223 Exercise: 44
(1 points)

A. $7382.04
B. $9832.54
C. $7246.54
D. $7382.54

Serial #: 12 Serial # 12) ______
Section: 5.2 Page: 224 Exercise: 52
(1 points)

A. $66,900.91
B. $66,988.91
C. $66,888.91
D. $68,988.91

Serial #: 13 Serial # 13) ______
Section: 5.2 Page: 224 Exercise: 58
(1 points)

A. $1129.48
B. $1360.48
C. $1349.48
D. $1149.48

Serial #: 14
Section: 5.2 Page: 225 Exercise: 68
(2 points)

Select your answer _________
A. $100
B. $120
C. $140
D. $130

Select your answer _________

A. Each payment is $671.83; last payment is $681.84
B. Each payment is $681.83; last payment is $681.80
C. Each payment is $681.80; last payment is $681.83
D. Each payment is $698.83; last payment is $681.76

Serial #: 15 Serial # 15) ______
Section: 5.3 Page: 232 Exercise: 12
(1 points)

A. $140,188.18
B. $160,188.18
C. $120,188.18
D. $160,175.18

Serial #: 16
Section: 5.3 Page: 232 Exercise: 16
(3 points)

Show your work/answer.

Serial #: 17 Serial # 17) ______
Section: 5.3 Page: 232 Exercise: 22
(1 points)

A. $260.19
B. $260.00
C. $261.19
D. $250.19

Serial #: 18 Serial # 18) ______
Section: 5.3 Page: 232 Exercise: 26
(1 points)

A. $9.71
B. $8.81
C. $3.53
D. $8.71

Serial #: 19
Section: 5.3 Page: 233 Exercise: 34
(2 points)

Select your answer _________

A. $1265.42
B. $1465.42
C. $1465.32
D. $1421.42

Select your answer _________

A. $214.58
B. $234.58
C. $114.58
D. $214.00

Serial #: 20 Serial # 20) ______
Section: 5.3 Page: 234 Exercise: 40
(1 points)

A. $414.00 per month; $14,701.00 interest paid
B. $414.18 per month; $14,701.60 interest paid
C. $14,701.60 per month; $414.18 interest paid
D. $454.18 per month; $14,751.60 interest paid

Serial #: 21
Section: 5.3 Page: 234 Exercise: 48
(2 points)

Select your answer _________

A. $4025.90/yr
B. $4125.90/yr
C. $2025.90/yr
D. $301.90/yr

Select your answer _________

A. $2981.93/yr
B. $2321.93/yr
C. $2141.93/yr
D. $2932.00/yr

Serial # Point Value Your Score
1 1
2 1
3 1
4 1
5 1
6 1
7 4
8 2
9 1
10 1
11 1
12 1
13 1
14 2
15 1
16 3
17 1
18 1
19 2
20 1
21 2
YOU EARNED ___ OF 30 POSSSIBLE POINTS ON THIS ASSIGNMENT.
ADDITIONAL COMMENT FROM FACILITATOR:

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Solution Summary

Complete, Neat and Step-by-step Solutions are provided in the attached file.

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