15. 16. Peter Wong makes $65,000 per year as an editor for a publisher. He was...

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15. 16. Peter Wong makes $65,000 per year as an editor for a publisher. He was notified of a 1.5% raise in a year in which the CPI increased by 3%. Find the gain or loss in his purchasing power. [10.2] 16. 17. A note for $3500 was made at 8% per year compounded annually for 3 years. Find (a) the maturity value and (b) the present value of the note assuming 5% per year compounded semiannually. [10.3] (a) (b) 18. Computers, Inc., accepted a 2-year note for $12,540 in lieu of immediate payment for computer equipment sold to a local firm. Find (a) the maturity value given a 10% rate compounded annually and (b) the present value of the note at 6% per year compounded semiannually. [10.3] (a) (b) 19. A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. (b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time?[10.3] (a). (b) 15. 16. Peter Wong makes $65,000 per year as an editor for a publisher. He was notified of a 1.5% raise in a year in which the CPI increased by 3%. Find the gain or loss in his purchasing power. [10.2] 16. 17. A note for $3500 was made at 8% per year compounded annually for 3 years. Find (a) the maturity value and (b) the present value of the note assuming 5% per year compounded semiannually. [10.3] (a) (b) 18. Computers, Inc., accepted a 2-year note for $12,540 in lieu of immediate payment for computer equipment sold to a local firm. Find (a) the maturity value given a 10% rate compounded annually and (b) the present value of the note at 6% per year compounded semiannually. [10.3] (a) (b) 19. A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4 years. (a) Find the expected future value. (b) If funds from the sale of the business today would be placed in an account yielding 8% compounded semiannually, what would be the minimum acceptable price for the business at this time?[10.3] (a). (b)