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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 ’ term of the arithmetic sequence with a 1 1. What is the iV 1 O. vs+ = 25 and d —2? S (o)(-2 2. What is the 4’ term of the geometric sequence with a 1 =2 and d =4? O. a 1 O4 I 3. Find the sum of the first 40 terms of the sequence: 1, 5, 9, 13, (+ 4O)r 1 (o.. S])o 1 4. (c)() 4. Find the sum of the first 40 terms of the sequence: -4, -2, -1, -1/2, — OYvir V.. ‘) 7.. ,eCo.43S4L O cjZ )Oy’i (-) (‘) I ‘ -2k’ ‘2. _(, 4. ,- 2 -) u4or -jo1..3 5. If your money is invested at 8% compounded twice per year what is the annual percentage yield (APY)? I\c’N (ç-\ (‘,o-\ C, 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? c, * covec,fl C:’\ V ooo ‘Sooo I 1\?,1 -‘ ç o-i _4) . I aO0O ,,d5W.S3 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? tMo) O.O’oc, . ‘c-c, V2. ( ,ooc,) (o) 4 ,oc” - 1 ,Q0 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? - —c,.o2S ) S: k. 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? ThV)- 7 ,oc — ‘- .o,” 4c’ O (.oo (vi) (“C) OS (. oo)”’ —‘ ,