Question: Need help struggling MAT-134 TEST 2B FUTURE VALUES AND BASIC BUSINESS APPLICATIONS FALL 2021: ISSUED 11-2-2021 X-TRA CREDIT - YOU CAN ONLY ATTEMPT

Need help struggling

MAT-134 TEST " 2B " FUTURE VALUES AND BASIC BUSINESS APPLICATIONS FALL 2021: ISSUED 11-2-2021 X-TRA CREDIT - YOU CAN ONLY ATTEMPT ONE PROBLEM: PROBLEMS ARE 7 POINTS EACH: X-TRA #1) Consider a CD paying a 4.80% APR Compounded CONTINUOUSLY Find the FUTURE VALUE WITH A Principle of 4,290 Dollars In a CD that will Mature in 8 years at the interest rate provided. X-TRA #2) Consider a CD paying a 6.92% APR Compounded QUARTERLY: Find the Periodic Interest Rate? X-TRA #3) NOTE: DISREGARD DEALER PREP AND ANY MISC. DEALER AND STATE FEES AND SALES TAX. Steven buys a motorcycle that regularly sells for 19,670 for the sale reduction of 11.25% off the regular price. To enhance the purchase he puts 1650 dollars down. The interest rate on the loan, being based on Steve's Credit Rating, is rather high at 14.25%. The duration of the loan is 50 months. After the down payment what is the monthly payments for this motorcycle loan (exclude dealer costs and applied state taxes)? a) What is the reduced sales price: 2 PTS b) What is the Principle for the loan: 2 PTS c) What are the Monthly payments: 2 PTS d) What is the Periodic Interest Rate: 1 pts

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