Author Question: Divide; round off monetary quotients to the nearest cent; round non-monetary quotients to four ... (Read 112 times)

FButt · **on:** Jun 24, 2018

Divide; round off monetary quotients to the nearest cent; round non-monetary quotients to four decimal places.
a. 12.6 0.692 b. 627.17 1.7 c. 12.25 40

Question 2

When she got married, Lannie Ferguson left all of her personal savings in her own credit union account, which was paying 6 compounded quarterly. Six years later, the same account had increased to 26,871.62 . Compute the amount that was in the account when Lannie got married. She made no additional deposits into the account. (Use Tables 16-1A&B or 16-2A&B or a calculator.)

CourtneyCNorton · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

a. 18.2081
b. 368.9235
c. 0.31

Answer to Question 2

0.06 4 = 0.015; 4 6 = 24;

26,871.62 0.69954 = 18,797.77 in account