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Past Exam for MTHSC 101 - ESSENTIAL MATH at Clemson (Clemson)

Exam Information

Material Type:Exam 2
Professor:Staff
Class:MTHSC 101 - ESSENTIAL MATH
Subject:MATHEMATICAL SCIENCES
University:Clemson University
Term:Spring 2009
Keywords:
  • Convenience
  • In/on/at a Place
  • Qualitative
  • No Correlation
  • Demonstration
  • Individuals
  • Necessary Work
  • Competition
  • Average Number
  • Positive Correlation
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Sample Document Text

MthSc 101 Spring 2009 Key To Test 2 Version B March 4, 2009 Page 1 Multiple Choice Section: 16 Questions (3 points each) for a total of 48 points. Circle the correct answer on the test (for your reference later) and then enter it in the appropriate location on the Scantron form. Your answers on this portion of the test will be graded by Scantron only. 1. Justin deposits $4,000 in an account with an APR of 6% compounded quarterly. How much money will he have in this account after 20 years? A. $1,215.56 B. $12,828.54 C. $13,280.47 D. $13,162.65 2. You want to start a college fund for your baby. You believe that you will need $90,000 in 18 years. If you can find an account with APR of 6.5% that compounds monthly, how much should you deposit each month? A. $220.41 B. $408.34 C. $707.91 D. $151.78 3. You earn a salary of $40,000 a year, and receive $4,000 in interest from a savings account. You contribute $2,000 to a tax-deferred retirem...

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