Question: Write the formula that you will use to solve each of these exercises. Write the substitution of the formula that you will use to solve
Write the formula that you will use to solve each of these exercises.
Write the substitution of the formula that you will use to solve each exercise.
Exercise 1: ISMr. Gutirrez lends $350,000 for two months, taking one year into account at an interest rate of 18.25%. What will the amount be?
Exercise 2: CIHow long will it take for $900 to become $5,000 at an annual rate of 11.15% compounded bimonthly?
Exercise 3:Mr. Juan participates in a "tanda" and it is his eighteenth month to collect. If he will receive $52,000 in 18 months, what is the present value of his batch with a simple interest of 12.52% per year?
Exercise 4:Find the sum of the first 20 digits of the progression 16, 12, 8.......
Exercise 5:Find the sum of the first 12 terms of the sequence 16, -8, 4.......

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