ANSWERS - McGraw Hill Education

ANSWERS

Section 1-1 1. $348.75 2. $251.378 3. $206.80 4. $256.25 5. $259.25 6. $315.56 7. $116.00 8. $76.00 9. $603.327

10. C

Section 1-2 1. $290, $174, $464 2. $392, $117.60, $509.60 3. $498.60, $137.115, $635.715 4. $394.713 5. B

Section 1-3 1. 73/4 2. 71/2 3. 7 4. 81/2 5. 33/4 6. 341/2 7. A

Section 1-4 1. $825 2. $264.50 3. $464.75 4. $290.40 5. $495 6. $459.90 7. B

Section 1-5 1. 26, $1,000 2. 52, $283.65 3. 24, $1,354.17 4. 12, $4,666.67 5. 52, $805.29 6. 24, $3,736.46 7. $2,865.38 8. $39,000

9. $60,000, $2,307.69 10. A

Section 1-6 1. $300 2. $319 3. $365.625 4. $439.40, $500 5. $819, $819 6. $1,282.50, $1,282.50 7. B

Section 1-7 1. $800 2. $260 3. $156 4. $333 5. C

Chapter 1 Review 1. Michelle 2. Michelle 3. Alex

Section 2-1 1. $20 2. $36 3. $28 4. $25 5. $15 6. $32 7. $12 8. B

Section 2-2 1. $916.50 2. $1,845.56 3. $857.70 4. $741.90 5. $8,000, $412.50 6. $8,000, 647.50 7. C

Section 2-3 1. $46.92 2. $33.34 3. $71.66 4. $29.57 5. A

Copyright ? by The McGraw-Hill Companies, Inc. All rights reserved.

Section 2-4 1. $49.73 2. $141.53 3. $267.75 4. $122.14, $28.57 5. $0, $36.25 6. $63.24, $14.79 7. $43, $34.04, $7.96 8. B

Section 2-5 1. $52.50 2. $30.58 3. $106.88 4. $1,843.92 5. $45.87 6. $29.88 7. A

Section 2-6 1. $336.94 2. $466.45 3. $463.35 4. D

Chapter 2 Review 1. $42 2. $13.60 3. $4.68 4. $26.35 5. $6.16 6. $20.19 7. $312.02 8. $5,580 9. $3,100

Section 3-1 1. $973 2. $2,236.50 3. $1,862.96 4. $1,990 5. $23,880 6. C

Section 3-2 1. $1,950 2. $2,363.49 3. $2,045

Study Guide 183

4. $2,008.05 5. B

Section 3-3 1. $54 less 2. $22 more 3. $22.23 more 4. $1.65 less 5. Transportation and Groceries 6. Utilities, Entertainment, and Misc. Expenses 7. $4.06 less 8. A

Chapter 3 Review 1. Mortgage and Car Payments 2. Utilities, Groceries, Entertainment, and Misc. Expenses 3. Property Taxes and Insurance Premiums 4. Misc. Expenses 5. $3,645 6. $1,271.67 7. $228.33

Section 4-1 1. $175.25 2. $1,849.71 3. $609.38 4. $806.20 5. $637.16 6. $577.29 7. D

Section 4-2 1. one hundred forty-seven and 55/100 dollars 2. one thousand two hundred ninety-five and 72/100 dollars 3. $461.28 4. $2,039.45 5. Wents' Sporting Goods 6. fifty-seven and 88/100 dollars 7. baseball equipment 8. D

184 Study Guide

Section 4-3 1. $558.46 2. $153.95 3. $369.19 4. $99.83 5. $12.36 6. B

Section 4-4 1. $153.25 2. $291.33 3. $222.80 4. $588.87 5. $2,115.70 6. $753.23 7. B

Section 4-5 1. $6.50 2. $1.22 3. $489.74 4. $523.64 5. $992.36 6. $992.36 7. D

Section 4-6 1. $6.50 2. That she paid six bills online this month. 3. $13.00 4. $583.92 5. It will be overdrawn and she will be charged a $25 overdraft fee. 6. B

Chapter 4 Review

Section 5-1 1. $209.95 2. $642.32 3. $407.21, $361.71 4. $256.06, $228.31 5. C

Section 5-2 1. Four hundred sixty-three and 39/100 dollars 2. $579.48 3. May 14, 2003 4. 5579182 5. No, she forgot to write the seventy-five cents as a fraction 6. Yes 7. D

Section 5-3 1. $400.20 2. $990.45 3. $958.68 4. $3,503.78 5. $1,663 6. $750 7. $1.97 8. $1,390.43 9. B

Section 5-4 1. $18.75 2. $6.06 3. $31.13 4. $7.52 5. $2.93 6. $4.57 7. $7.50 8. D

Section 5-5 1. a. $9.38, b. $759.38, c. $9.49 d. $768.87 2. a. $51.51, b. $1,636.51, c. $53.19, d. $1,689.70 3. a. $24.77, b. $7,951.27, c. $24.85, d. $7,976.12 4. a. $800.86, b. $17,228.68, c. $839.89, d. $18,068.58 5. C

Copyright ? by The McGraw-Hill Companies, Inc. All rights reserved.

Section 5-6 1. a. $1,159.24, b. $334.24 2. a. $4,485.56, b. $1,347.71 3. $133.17 4. $144.64 5. A

Section 5-7 1. a. $14,242.74, b. $42.74 2. a. $758.41, b. $3.41 3. a. $3,174.44, b. $47.44 4. $7.55 5. $4.29 6. $628.78 7. A

Section 5-8 1. a. 1.5%, b. 12, c. $13.04121, d. $6,520.61, e. $6,618.42 2. a. 3%, b. 10, c. $11.46388, d. $8,597.91, e. $8,855.85 3. a. 5%, b. 15, c. $21.57856, d. $31,181.02, e. $32,740.07 4. $6,789.54 5. B

Chapter 5 Review 1. $49.08, $0.00 2. $6.88, $27.52 3. $15.83 and $543.85; $16.30 and $559.65 4. $206.35 5. $6,878.33; $878.33

Section 6-1 1. $30 2. $78.65 3. $55.65 4. $102.66 5. $8.38 6. $51.34 7. $172.64 8. A

Section 6-2 1. a. $0.85, b. $17.80 2. a. $21.95, b. $420.95 3. a. $91.73, b. $1,620.48

4. a. $1,073.82, b. $18,254.99

5. $60.96 6. $287.09 7. $642.41 8. B

Section 6-3 1. $0.235 per ounce 2. $0.795 per pen 3. $1.94 4. $0.333, $0.316 5. $29.97 6. $0.052 per ounce 7. $0.022 per plate 8. C

Section 6-4 1. a. $0.206 per ounce, b. $0.166 per ounce, c. the 30-ounce box 2. a. $0.248 per pen, b. $0.199 per pen, c. the 10-pack of pens 3. a. $1.75 per slice, b. $1.56 per slice, c. the large cheese pizza 4. a dozen brownies 5. the 6-pack 6. the 12-pack 7. the 250-count package 8. B

Section 6-5 1. $1.54 2. $1.25 3. $5.29 4. $124.54 5. $2.80 6. $6.13 7. $2.43 8. D

Section 6-6 1. $0.73 2. $2.25 3. $19.65 4. $85.80 5. $0.22 6. $1.19

Copyright ? by The McGraw-Hill Companies, Inc. All rights reserved.

7. $0.51 8. C

Section 6-7 1. $25.51 2. $140.06 3. $31.88 4. $343.20 5. $1.10, 25.1% 6. 24.6% 7. $7.70 8. C

Chapter 6 Review 1. $121.29 2. the 7-day cruise 3. $50.94 4. $899.94 5. $169.80 6. $679.20 7. $629.20 8. $680.14

Section 7-1 1. $217.50 2. $187.47 3. $855.67 4. $1,094.37 5. $51.71 6. $126.06 7. A

Section 7-2 1. a. $300, b. $5.25, c. $372.75 2. a.$155, b. $2.71, c. $255.40 3. a.$741.73, b. $12.98, c. $1,110.60 4. a. $1,727.56, b. $30.23, c. $2,326.73 5. $0.57 6. $2.72 7. D

Section 7-3 1. $7,069.12 2. $191.82 3. $2,493.66 4. 30 5. $9,754.60

Study Guide 185

6. $325.15 7. $4.88 8. C

Section 7-4 1. $3,729.92 2. $5,336.73 3. $3,483.61 4. 30 5. $12,550.26 6. $418.34, $6.28, $274.25 7. C

Chapter 7 Review 1. $0.33 2. By paying your entire balance each month 3. $1.28 4. $2.58 5. average-daily-balance method where no new purchases are included 6. $165.76

Section 8-1 1. a. $3.65, b. $753.65 2. a. $14.38, b. $1,264.38 3. a. $33.04, b. $2,791.04 4. a. $187.58, b. $9,316.58 5. $388.89 6. $240.41 7. $3,265.42 8. D

Section 8-2 1. a. 30%, b. $3,640 2. a. 20%, b. $6,616 3. a. $960, b. $3,840 4. a. $3,238.90, b. $6,015.10 5. $8,000 6. $1,170 7. $2,400 8. B

Section 8-3 1. a. 8.70, b. $130.50, c. $1,566, d. $66 2. a. 4.61, b. $147.52, c. $3,540.48, d. $340.48 3. a. 3.32, b. $260.62, c. $9,382.32, d. $1,532.32

186 Study Guide

4. a. 2.49, b. $303.16, c. $14,551.68, d. $2,376.68

5. $2,624 6. $8,845.20 7. C

Section 8-4 1. a. $18.33, b. $220.92, c. $2,529.08 2. a. $41.54, b. $154.11, c. $3,999.89 3. a. $61.66, b. $314.04, c. $7,906.94 4. a. $105.80, b. $336.26, c. $11,205.74 5. $83.33, $170.67 6. $7,619.04 7. $16.32 8. B

Section 8-5 1. a. $9.64, b. $973.64 2. a. $10.18, b. $1,537.18 3. a. $14.04, b. $1,885.44 4. a. $19.63, b. $2,375.35 5. C

Section 8-6 1. a. $5.50, b. 10% 2. a. $3.31, b. 11.25% 3. a. $12.98, b.12% 4. a. $9.35, b. 11.5% 5. 10.75% 6. 12% 7. 12.25% 8. B

Chapter 8 Review 1. Ordinary 2. Finance 3. installment 4. maturity 5. percentage 6. repayment 7. down payment 8. interest 9. single-payment

10. principal 11. term 12. Exact

Section 9-1 1. $12,770 2. $17,747 3. $26,618 4. $10,960 5. $20,658 6. C

Section 9-2 1. $10,943.25 2. $15,892.89 3. $22,766.25 4. $9,863.66 5. $60,171.96 6. A

Section 9-3 1. $10,475 2. $14,626 3. $18,760 4. $7,083 5. C

Section 9-4 1. $585.60, $878.40 2. $546.40, $928.88 3. $388.00, $931.20 4. $220.80, $662.40 5. A

Section 9-5 1. a. $2,400, b. $0.24 2. a. $2,810, b. $0.22 3. a. $4,046, b. $0.27 4. a. $2,258.25, b. $0.25 5. $0.34 6. B

Section 9-6 1. a. $6,216, b. $6,781 2. a. $6,444, b. $7,519 3. a. $10,464, b. $12,153.75 4. a. $19,740, b. $21,743.37 5. $13,294.50 6. $15,336.32 7. D

Section 9-7 1. a. $84.17, b. $0.48 2. a. $146.88, b. $0.51 3. a. $194.39, b. $0.50

Copyright ? by The McGraw-Hill Companies, Inc. All rights reserved.

4. a. $122.16, b. $0.30 5. the large van 6. $0.51 7. D

Chapter 9 Review 1. $12,825 2. $11,497.30 3. A figure between the answers for 1 and 2 4. $9,095 5. $15,016 6. $15,342.60 7. $0.18 a mile

Section 10-1 1. a. $34,375, b. $103,125 2. a. $41,057.50, b. $108,242.50 3. a. $63,791.67, b. $127,583.33 4. a. $44,833.80, b. $179,335.20 5. $39,500, $59,250 6. $174,375 7. $232,000 8. B

Section 10-2 1. a. $696, b. $125,280, c. $50,280 2. a. $798.56, b. $191,654.40, c. $99,654.40 3. a. $1,118.37, b. $402,613.20, c. $225,655.20 4. $558.53, $167,559 5. 10.5% for 25 years 6. A

Section 10-3 1. $4,649.50 2. $3,742.51 3. $5,946.39 4. $5,231.25, $179,606.25 5. C

Section 10-4 1. a. $387.50, b. $46.50, c. $61,953.50

2. a. $616.25, b. $84.97, c. $86,915.03

3. a. $732.29, b. $130.74, c. $92,369.26

4. a. $965.63, b. $51.75, c. $115,823.25

5. $523.62, $91.59 6. $1,365.24, $1,240,

$185,874.76 7. D

Section 10-5 1. $4,200 2. $2,817.50 3. $4,115.81 4. $5,442.80 5. $43,900; $2,831.55 6. $15,945.60 7. A

Section 10-6 1. $105,600 2. $9,265 3. $20,400 4. $84,468.75 5. $5,950 6. C

Section 10-7 1. $508 2. $298 3. $307 4. $931 5. $490 6. $798 7. A

Section 10-8 1. $525 2. $997.50 3. $418.25 4. $1,546.30 5. B

Chapter 10 Review 1. $772 2. No, you cannot afford to make the payment. 3. $700

4. Yes, the monthly mortgage price falls in your budget, with room to spare.

5. $724.50 6. Yes, the monthly

mortgage payment still falls within your budget. 7. $312.50, $37.42 8. No, the mortgage amount is now out of your monthly budget range.

Section 11-1 1. a. $480, b. $40 2. a. $630, b. $52.50 3. a. $1,118.75, b. $93.23 4. a. $908.33, b. $75.69 5. $937.50 6. D

Section 11-2 1. a. $50, b. $500, c. $800 2. a. $80, b. $1,125, c. $1,705 3. a. $100, b. $1,650, c. $2,500 4. a. $120, b. $2,743.75, c. $3,863.75 5. C

Section 11-3 1. a. 55, b. $2.13, c. $117.15 2. a. 75, b. $2.70, c. $202.50 3. a. 100, b. $8.81, c. $881 4. a. 150, b. $9.71, c. $1,456.50 5. 9.31% 6. 36.16% 7. $73.50 8. C

Section 11-4 1. a. 75, b. $9.25, c. $693.75, d. $58.97 2. a. 150, b. $21.50, c. $3,225, d. $274.13 3. a. 225, b. $45.75, c. $10,293.75, d. $874.97

Copyright ? by The McGraw-Hill Companies, Inc. All rights reserved.

Study Guide 187

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download