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Author Question: Multiply; round off monetary products to the nearest cent. Do not round off the non-monetary ... (Read 143 times)

lilldybug07

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on: Jun 24, 2018
Multiply; round off monetary products to the nearest cent. Do not round off the non-monetary products.
 a. 0.625  8,000 b. 4.7807  1.309 c. 27.35  16.75

Question 2

Beverly Forest is a single parent with twin daughters who are now seniors in high school. Beverly inherited money from her father's estate and decided that it would be reasonable to save 50,00 . of the inheritance for wedding expenses in the event that both daughters should decide to get married in the same year. How much money will Beverly have in 4 years if she can invest the 50,00 . and get a return of 8 compounded quarterly? (Use Tables 16-1A&B or 16-2A&B or a calculator.)


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jaymee143

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 5,000
b. 6.2579363
c. 458.11

Answer to Question 2

0.08  4 = 0.02; 4  4 = 16;
50,00 .  1.37279 = 68,639.50 in 4 years


lilldybug07

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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