Question: Hello, can you please help me with my math assignment, I really need help. i included everything down below. Thank you so much. 3 of
Hello, can you please help me with my math assignment, I really need help. i included everything down below. Thank you so much.




3 of 4 6. A new car costs you $16 000 to buy today. The cost of a new car is expected to rise by 7.5% per year over the next five years. At this rate, how much will the new car cost you in five years time? a. $21 367.51 b. $22 970.07 c. $23 120.70 d. $24 692.82 7. This graph shows the growth of an investment of $5000. Investment Growth $6,800 $6,700 $6.600 $6.50 $6,400 $6,300 $6,200 $6,100 $6.090 $5.900 $5,800 $5.700 $5,600 $5,500 $5,400 $5,360 $5.200 $5,100 $5.090 Years The investment has an interest rate of: a. 6% which decreases over the term shown. b. 6% compounded over the term. c. 6% which is not compounded over the term. d. 9% to start and increasing over the term. 8. A $3000 savings bond is purchased during a recent provincial campaign. The interest rate increases every year according to this table. The interest is paid annually and added to the principal invested in the bond. Year Interest Rate (%) 4.1 2 4.4 3 4.8 4 5.3 5 5.7Multiple Choice Identify the choice that best completes the statement or answers the question. Show your full solution to ensure full marks. 1. This graph shows the growth of an investment. What is the initial value of the investment? Investment Growth $3,200.00 $3,100.06 $3,000.00 $2,900.00 Amour $2,800.00 $2,700.00 $2,600.00 $2,500.00 $2,400.06 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Years a. $2000 b. $2400 C. d. $3000 2. This graph shows the results of two investment options. Investment Options $3,509 $3,409 $3,300 $3,209 GOT's$ $3,809 $2,309 $2,709 $2.509 $2,408 Years10. 11. 12. What is the value of the bond at the end of year 3'? a. $3123.00 b. $3260.41 c. $3416.91 (1. $3598.01 A $3000 savings bond is purchased during a recent provincial campaign. The interest rate increases every year according to this table. The interest is paid annually and added to the principal invested in the bond. Interest Rate We) What is the value of the bond at the end of the ve-year term? a. $3416.91 b. $3598.01 c. $3803.10 ('1. $4041.25 The newspaper reports that the annual ination rate was 3.2%. If the ination rate stays the same for the next ve years, how much do you expect 35 1000.00 worth of goods to cost in ve years? 3. $1000.00 b. $1134.28 c. $1170.57 d. $1370.24 An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be invested now to have $10 000 when it is needed six years from now? a. $5962.67 b. $5896.64 c. $5862.47 (1. $5839.24 An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be invested now to have $6000 when it is needed four years from now? a. $3813.11 b. $3764.47 c. $3739.00 ('1. $3721.56 The different amounts after five years could be due to: 1. different principal amounts. . different term lengths. C. simple interest versus compound interest. d. all of the above. 3. This graph shows the growth of an investment. How much interest is earned at the end of four years? Investment Growth Chart Army $10,200.00 $10,100.00 $10,009.00 $9,900.00 $9,809.00 $9.700.00 $9,600.00 $9,500.00 $9,400.00 $9,300.00 $9,209.00 $9,100.00 $9,009.00 $8,900.00 Amount $8,800.00 $8,700.00 - $8,600.00- $8,500.00 $8,409.00 $8,300.00 $8,200.00 $8,100.00 $8,000.00 $7,900.00 - $7,800.00 - $7,700.00 - $7,600.00 $7500.00 $7,400.00 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 Years a. $2100 b. $7500 C. $8400 d. $9600 4. Gravenhurst has a population of 260 000. Its population has been growing at an annual rate of 3.1% for the past 10 years. If this rate of growth continues, what will be the population five years from now? a. 294 277 b. 300 300 c. 302 877 d. 340 600 5. It is estimated there are 2 500 000 cars on the road in the Toronto region. If the rate of growth is expected to be 7.5% each year for the next ten years, how many cars are likely to be on the road at that time? a. 2 687 500 b. 3 589 073 c. 5 152 579 d. 10 619 628
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