Exam 18: Mathematics in Engineering

Visual aids that show the flow of costs and revenues over a period of time are known as

The percentage of par value that is paid to the bond holder at regular intervals is known as

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

If you deposi $\$ 5,000$ nto a 6-month CD (certificate of deposit) that pays $7.5 \%$ APRcompounded annually, what is its value at maturity? $\$$$\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays a fixed rate compounded annually, what is the fixed rate if there $\$ 432 .$ 19 in the account after 30 years? $\underline{\quad\quad}$$\%$

The stated or quoted interest rate is called the effective interest rate, and the actual earned interest rate is called the nominal interest rate.

A credit card charges interest at a rate of $21 \%$ per year, compounded monthly. If a senior in college charges her last tuition bill of $\$ 4500$ nd intends to pay it 3 years later (after she gets a high-paying engineering job), how much will she have to pay? $\$$$\underline{\quad\quad}$

If you deposi $\$ 100$ nto an account that pays $5 \%$ compounded quarterly, how many years will it take to reach a value $\$ 444$ ________ years