# - o1vic- ```Problem Sheet #12 (5.1-5.3)
Classlb:
Math 1090
-
Name; o1vic001 Spring 2013
Hmk. 12 Score
Instructor: Katrina Johnson
Complete each problem. Clearly indicate your final answer. No credit will be given without
supporting work
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1. What is the iV
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25 and d
—2?
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2. What is the 4’ term of the geometric sequence with a
1 =2 and d =4?
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3. Find the sum of the first 40 terms of the sequence: 1, 5, 9, 13,
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4. Find the sum of the first 40 terms of the sequence: -4, -2, -1, -1/2,
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5. If your money is invested at 8% compounded twice per year what is the annual
percentage yield (APY)?
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6. How much more interest will be earned if \$15,000 is invested for 5 years at 7.3%
compounded monthly, instead of at 7.3% compounded quarterly?
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7. Cami pays \$120 at the
of each month for 12 years into an annuity. If the
interest rate is 6% compounded monthly, what is the future value of the annuity?
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8. Juan pays \$500 at the end of each quarter for 4 years into an annuity. If the interest
rate is 10% compounded quarterly, what is the future value of the annuity?
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9. How much will need to be invested at the end of each month at 5.4% interest
compounded monthly, to pay off a debt of \$4700 in 9 year?
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