Unit 2 Review Extra Practice (Optional)_ Math for the Real World

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Jun 6, 2024

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Unit 2 Review Extra Practice (Optional) Due No due date Points 12 Questions 12 Time Limit None Allowed Attempts Unlimited Instructions Attempt History Question 1 1 / 1 pts None of the Tables represent functions. This quiz is for personal practice only. You may take it as many times as you like. It will in no way affect your grade. Take the Quiz Again Which of the following tables represents a function? Table 1 Table 2 Table 3 x (input) y (output) 2 2 3 2 4 2 x (input) y (output) 14 2 14 3 14 4 x (input) y (output) 0 0 -3 -3 -16 -16
Table 1 and Table 2 both represent functions but Table 3 does not represent a function. Only Table 2 represents a function. Only Table 3 represents a function. Table 1 and Table 3 both represent functions but Table 2 does not represent a function. Question 2 1 / 1 pts -43 Question 3 1 / 1 pts 569 Question 4 1 / 1 pts Given the function What is ? Consider the following function: Where the variables have the following meaning: = Amount accumulated = Principal = interested rate = compounding per period = number of periods Find the value of the function when , , , and . (Round your answer to the nearest whole number.) We know the following two commands in Excel:
=FV(5.2/12,360,-28725,-315000) =FV(0.052/12,30,-315000,-28725) =PMT(0.052/12,30,-315000,-28725) =PMT(0.052/12,360,-286275,0) =PMT(5.2/12,360,0,-286275) Question 5 1 / 1 pts =FV(0.019/12,16*12,-110*4,0) =FV(0.019/12,192,-110,0) =FV(1.9/12,16,-110, 0) =FV(1.9/12,16*12,0,-110*4) =FV(0.019/12,16,0,-110) Question 6 1 / 1 pts 59 PMT(rate, nper, PV, FV) FV(rate, nper, pmt, PV) Which of the following Excel commands gives the monthly payment on a house that cost $315,000 with a down payment of $28,725. The loan was a conventional 30-year loan with an annual interest rate of 5.2%. Robert is using the Quantitative Reasoning Process to create a plan to save for his children's education. He knows the following two commands in Excel: PMT(rate, nper, PV, FV) FV(rate, nper, pmt, PV) Robert creates a plan to save $110 dollars a month for the next 16 years in an account with an annual interest rate of 1.9%. Which of the following excel commands will give Robert the account balance at the end of 16 years? Simplify the following expression:
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