Professional Documents
Culture Documents
Milan Merino
Name ____________________
Date __________
2. Find the total amount of interest that is paid after 6 years on a principal of $32000 at a
simple interest rate of 6%.
11520
3. How long does it take a principal of $20000 at a simple interest rate of 5% to become
$27000?
7 years
4. $47,500 is deposited into a savings account. After one year and six months, it totals
$51,377.50. Calculate the simple interest rate for this account.
5.44
5. You invest $1000 at 4.5% interest compounded monthly for 2 years. What would be the
total value of your investment at the end of 2 years?
1093.99
6. You borrow $10,500 for 4 years at 12.7% and the interest is compounded semi-annually.
What is the total value you will have paid back at the end of 4 years?
17182.61
Annual
Deductible
Hospital
Charges
Home
Health
Care
Coinsurance/
CoPayment
Single
Family
$ 300
$ 900
90%**
Non-Network*
$ 600
$ 1,800
70%**
First 50 visits
Over 50 visits
Physician visit
Specialist visit
Physical Therapy
First15 visits
Over 15visits
Emergency Room
Ambulance
100%**
80%**
80%**
80%**
Male
18-30
Female
$ 2.47
$ 2.13
35
2.70
2.29
$ 10
$ 20
$ 12
$ 25
40
3.27
2.67
45
4.17
3.54
$ 15
80%**
$ 50
$ 25
70%**
70%**
$ 50
$ 25
50
5.84
4.82
55
8.81
6.60
60
13.22
9.71
8. Ryan is 55 years old. He wants to purchase a $60,000, 5-year term-life insurance policy.
What is his annual premium?
528.6
9. Bruce is single and has a health insurance plan with the benefits shown in the table
provided. His recent network health care costs include co-payments for 7 physician visits
and 8 specialist visits. Following hospital surgery, he made co-payments for 10 physical
therapy visits, and he had 60 home visits from a nurse at $55 each. His hospital admission
charge was $225 and his hospital bill was $14,560. What amount did he pay?
2051
10. Irina is getting dividend payments of $1573 from her 5,720 shares of stock. How much
was the dividend payment per share?
.275
11. Taylor bought 3,400 shares of a stock that will pay $0.18 per share in dividends. She
wants to use her money to purchase a new computer for $620. Will she have enough
money?
no, comes out to 612
12. On January 23, 2012, Julia bought 400 shares of Intel Corporation (INTC) at $20.00 per
share. She sold half her shares on February 6, 2012 at a price of $21.00 per share. What is her
profit?
nothing, she made $200 on those 200 shares,
but overall she still has 3800 invested in INTC
13. Your team wants to invest $4000 of its profits in companies that develop recycling
facilities. The team wants to split the $4000 equally among five companies. The first
investment is to buy stock in Casella Waste Systems (CWST). The company is selling its stock
at $16 per share. How many shares can your team afford to purchase?
50 Shares
14. According to the article you read on Insurance Basics, name 4 factors that can raise your
auto insurance premiums?
1. A claim Record
2. Credit History
3. Type of Car
4. Age
5. Gender
15. According to the article you read on Insurance Basics, what are 3 things you can do to
reduce your auto insurance premiums?
Choose a higher Deductible
Get married
Maintain a clean driving record