23 Jul IF THE PRICE OF THE CAR HAS INCREASED 2% IN THE PAST 12 MONTHS HOW MUCH DID THE CAR COST 12 MONTHS AGO?
1-Find the amount Ashkin should deposit today if he needs Show more it is about Simple Interest Present Value 1-Find the amount Ashkin should deposit today if he needs $3750 in his account in 5 months. Assume his account pays 4% simple interest. 2-Miguel promised to give his daughter $13000 at the end of 3 years for a used car. What lump sum should he deposited today in an account paying 4% simple interest in order for him to have $13000 at the end of 3 years? 8-A new computer costs $2100. If the price of computers has increased by 1% in the past 6 months how much did the computer cost 6 months ago? Assume the price increase follows a simple interest calculation. 9-Today new tires for a high performance car cost $1400. If the price of tires has increased by 1% over the past 12 months how much did they cost 12 months ago? Assume the price increase follows a simple interest calculation. 10-A new luxury car costs $39000. If the price of the car has increased 2% in the past 12 months how much did the car cost 12 months ago? Assume the price increase follows a simple interest calculation. Show less
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