Monday, April 13th

Don't forget 3-minute memorizing quiz was scheduled for tomorrow! Will do at the end of the period.

Assignment due Tuesday:

page 639 #16,19,20,23,26-30,36

page 643 #26,28,30 

page 617 #25,26,28

These 2 problems:   (need to solve for a variable other than "A" in the compound interest formula)

1.  How long would $10,000 need to collect monthly compound interest at 9% APR in order to grow to $25,000?

2.  What interest rate would be required for $5,000 to grow into $8000 after 8 years?   Assume quarterly compound interest.