Question: Need someone's help! It's grade 11 college math. it has a little on Exponential, compound Interest and personal Finance. Just need someone to answer #5,

Need someone's help! It's grade 11 college math. it has a little on Exponential, compound Interest and personal Finance. Just need someone to answer #5, 6, 7, 8, 9, 10, 11, 12, and 13. Just need to know if it's a, b, c or d. Thank soooo much!

Need someone's help! It's grade 11 college math.
Use this information to answer the following questions. You have been given $1000 Canada Savings Bonds that will earn 9.5% interest, compounded annually. 5. Based on the above information, what will be the value of the bonds after 4 years? . $1000.00 b. $1380.00 c. $1437.66 d. $4380.00 6. Based on the above information, which equation represents the value of the bonds? a. A = 1000(1.95) C. A= 1000 (1.095)" b. A = 1000(1.095)" d. A = 4 x 1000(1.095) 7. Based on the above information, which graph represents the value of the bonds? a. 4500 - C. 4500 - 4000 4000 3500 - 3500 3000 3000 2500 2500- 2000 2000 1500 - 1500 1000 1000 500 500 0 2 4 6 8 10 12 14 16 0 2 6 8 10 12 14 16 b. d. 4500 4500 4000 4000 3500- 3500 3000 3000 2500 2500 2000 - 2000 1500 1500 1000 1000 - 500 500 2 8 10 12 14 16 0 2 4 6 8 10 12 14 16 8. The population of marmots on Mt. Washington is estimated at 5000. If the growth of marmots is 2% per year, what will be the population in 15 years? a. 5030 b. 6730 c. 76 500 d. 77 035 9. A cottage is originally bought for $150 000. If the value of this cottage appreciates at the rate of 7% per year, how much will it worth after 12 years? a. $192 600 b. $276 000 c. $337 829 d. $10 500 000 10. A 20-years-old person deposits $1500 in an account that pays interest at 1 1% compounded annually. How much will be in the account when the person is 65 years old? a. $12 094 b. $74 925 c. $164 295 d. $1 324 600 Applications Multiple Choice Identify the choice that best completes the statement or answers the question 11. If the rate of inflation is 6.5% per year, how much would you expect to pay for a loaf of bread now priced at $1.58 after 9 years? a. $1.67 b. $2.17 c. $2.78 d. $15.14 12. Which is a good reason to invest over a long period of time? a. It takes advantage of the power of compound interest. b. The growth rate at the beginning of an investment is higher than later on. C. There is no growth of an investment at the beginning of the investment period. The money will be spent unless it is invested for a long time. 13. If the balance on a credit card is paid within the grace period, then a. no interest will be charged. b. only the minimum service interest will be charged. C . interest will be charged only for the time between when the statement is sent out and payment is received. d. interest will be charged from the date of purchase until payment is received

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!