Total Assignment3 worth 43 marks = 4% of the overall course mark 1) State r and t for: rate is 8.25%; time is 10 months.(2 marks) 2) Compute the...

Total Assignment3 worth 43 marks = 4% of the overall course mark

1) State r and t for: rate is 8.25%; time is 10 months.(2 marks)

2) Compute the amount of interest: $940.50 at 6.5% from October 12, 2013 to April 24, 2014.(3 marks)

3)  Determine the deposit that must be made to earn $44.44 (interest) in 225 days at 3.15%.(4 marks)

4) Bill’s credit card statement included $420 in cash advances and $4.40 in interest charges. The interest rate on the statement was 12.8%. For how many days was Bill charged interest? (4 marks)

5) Compute the future value of $540 over eight months at 4.75%.(4 marks)

6)  Compute the present value of a debt of $690.00 eighty days before it is due if money is worth 3.9%.(4 marks)