# Past Exam for MATH 110 - ELEM MATH MODELS at Maryland (UMD)

## Exam Information

 Material Type: Exam 3 Professor: Staff Class: MATH 110 - ELEM MATH MODELS Subject: Mathematics University: University of Maryland Term: Spring 2003 Keywords: UnauthorizedEither...orThe IndependentIndependentExclusive OrIndependenceFollowing ProblemsAmortizationLiving WillConditional      ## Sample Document Text

MATH 110 EXAM #38 MAY 7, 2003 NAME ________________________ ___ SECTION __ _ SHOW ALL WORKI Part I: For each of the following problems state the formula needed to solve the problem and identify the value of each known variable. Then find the answer to the question: A typical answer might be FV = 20,000(1 +.07112)48 = \$26,441.08.  1. How much money should Lewis invest in an account which pays 4.2% simple interest, so that his investment will be worth \$3750 in 6 years?  2. Stacey invested \$825 in a 148 day C.D. At the end of the 145 days her investment was worth \$900. What rate of simple interest did she receive? 1 INT = PVrt FV = PV(1 + rt) FV = PV(1 + :n )mt reff = (1 + r~m )m - 1 --------~--~------  3 (a) Patty invested \$11,500 for 6 years in an account paying 3.9% per year, compounded weekly. How much was her investment worth at the end of the 6 years?  (b) How much interest did she earn over the 6 years? Part II  4. S is a sample space and E and F are...

## Related Documents Unauthorized Exam Unauthorized Exam Unauthorized Exam Universities Exam Breaking Strength Exam Target Cost Exam Unauthorized Exam Either...or Exam Transmission Exam The Independent Exam Time Deposit Exam Target Cost Exam Streamlining Exam Exclusive Or Exam Unauthorized Exam Immediately Exam