Objective Short Answer 
1. Change the percents to decimals or mixed/whole numbers; change the decimals, fractions, or whole numbers to percents.

2. Change the percents to decimals or mixed/whole numbers; change the decimals, fractions, or whole numbers to percents.

3. Change the percents to decimals or mixed/whole numbers; change the decimals, fractions, or whole numbers to percents.

4. Change the percents to decimals or mixed/whole numbers; change the decimals, fractions, or whole numbers to percents.

5. Solve each of the following problems for the percentage.

6. Solve each of the following problems for the percentage.

7. Solve each of the following problems for the percentage.

8. Solve each of the following problems for the percentage.

9. Solve each of the following for the base. Round amounts to the nearest two decimal places.

10. Solve each of the following for the base. Round amounts to the nearest two decimal places.

11. Solve each of the following for the rate. Round amounts to the nearest two decimal places.

12. Solve each of the following for the rate. Round amounts to the nearest two decimal places.

13. Solve each of the following for the rate. Round amounts to the nearest two decimal places.

14. Solve each of the following for the missing value. Round amounts to the nearest two decimal places.

15. Solve each of the following for the missing value. Round amounts to the nearest two decimal places.

16. Solve each of the following for the missing value. Round amounts to the nearest two decimal places.

17. Compute the missing value.

18. Compute the missing value.

19. Compute the missing value.

20. Compute the missing value.

21. Compute the missing value.

22. Nancy saves $120 per week which represents 8% of her total weekly salary. Find her total weekly salary.

23. A video store both rents and sells DVD movies and also sells blank DVD disks. During the week between Christmas and New Year, the store had rentals of $4,896, movie sales of $6,513, and blank disk sales of $2,191. What percent of the total revenue was from movie rentals?

24. Wanda’s restaurant buys all of its nonfood items at a local warehouse store. On a recent trip to the warehouse store, the restaurant owner spent $126.83 just for paper products. If paper products were only 22% of the entire purchase, find the total amount spent on that trip?

25. Westside Trailer Rental has 188 trailers available for rent. Last year, it had 160 available for rent. Compute the percent increase in the number of trailers available for rent.

26. Before Christmas, the price of a necktie in a Patrick’s Store for Men was $40. At the postChristmas sale, the price was $26. By what percent had the price of the necktie been reduced?

27. Before Christmas, the price of a shoe in a Heel’s Store for Women was $70. At the postChristmas sale, the price was $35. By what percent had the price of the shoe been reduced?

28. During one work week, Darlene Davies worked a total of 45 hours, 20% of which were weekend hours. Find the number of hours that Darlene worked on the weekend.

29. December’s electricity bill of $876.60 represents 22.5% of the total December expenses for Westcamper’s Sheet Metal Fabricating. Compute Westcamper’s total expenses in December.

30. During its second year of operation, Juan’s Nursery had a 325% increase in its business revenue. If its revenue in the second year was $2,639,000, what had been its revenue for the first year?

31. Karen Randolph is a marketing manager for a computer software company. When she was promoted, she received a 111% salary increase. The new monthly salary is $5,328. What was Karen’s salary before the promotion?

32. Sandy Yu earns $4,800 gross pay per month. Last month Sandy received a check for $3,120. What was the percent of her gross salary that had been deducted?

33. Architect Brian Peters spent 60% of a week’s time working on drawings for a new apartment building. If Brian spent 18 hours working on projects other than the apartment building, compute the total hours worked.

34. A new route for bicycling to work decreased Herschel’s riding time by 12.5%. If the old route took 32 minutes, how long will the new route take?

35. A new route for driving to office decreased David’s driving time by 15%. If the old route took 40 minutes, how long will the new route take?

36. Marie Tavis is an artist. Forty percent Marie’s total sales are to mail order retailers. Last year, Marie’s sales to mail order retailers were $85,000. Determine her total sales last year.

37. R.J. Cassady is an attorney for a bank. Last month, R.J. worked on real estate contracts for 65% of his time. If he worked on real estate contracts for 143 hours, for how long did he work on other projects?

38. Sunrise Landscape Construction earns 75% of its annual revenue between March and October. If their total annual revenue last year was $1,450,000, how much did they earn either before March or after October?

Objective Short Answer 
Tables 161A, 161B, 162A and 162B

1. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

2. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

3. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

4. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

5. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

6. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

7. Compute the future value and the compound interest earned for each of the following investments. Use Tables 161A&B or a calculator.

8. Compute the future value for each of the following problems. Use Tables
161A&B or a calculator.

9. Compute the future value for each of the following problems. Use Tables 161A&B or a calculator.

10. Compute the future value for each of the following problems. Use Tables 161A&B or a calculator.

11. Compute the future value for each of the following problems. Use Tables 161A&B or a calculator.

12. Compute the future value for each of the following problems. Use Tables 161A&B or a calculator.

13. University Lending Corp. loans money to students at 10% compounded semiannually. Dwight Burch borrows $5,000 for 4 1/2 years. Compute the total amount, both principal and interest, that Dwight will be required to repay. (Use Tables 161A&B or a calculator.)

14. Keifer Air Conditioning can borrow money for 2 years at 12% compounded quarterly. Compute the interest charge if Keifer borrows $28,000 to remodel its office. (Use Tables 161A&B or a calculator.)

15. Marie Chaney borrowed $12,580 from her mother for 4 years at 5% compounded annually. How much interest will Marie have to pay to her mother? (Use Tables 161A&B or a calculator.)

16. Deborah Erickson deposited $8,875 in a credit union, which pays an interest of 8% compounded quarterly. Compute the amount that Deborah will have in her account after 3 years. (Use Tables 161A&B or a calculator.)

17. Norah Jacob deposited $6,500 in a credit union, which pays an interest of 6% compounded quarterly. Compute the amount that Norah will have in her account after 4 years. (Use Tables 161A&B or a calculator.)

18. Carol Chin received $5,400 as an annual profitsharing bonus from her employer. Her accountant recommended an investment that would give her a return of 9% compounded annually. Compute the value of Carol’s investment after 7 years. (Use Tables 161A&B or a calculator.)

19. When his daughter Sarah was born, Will Kravitz deposited $5,000 into an account that guaranteed to pay 8% compounded quarterly. Compute the amount that will be in the account 6 years later when Sarah starts school. (Use Tables 161A&B or a calculator.)

20. Tracy Roberts loaned $3,600 to her sister Felicity, who just had a baby. Tracy charged Felicity interest at 6% compounded semiannually. Compute total payment that Tracy will receive from her sister if the loan is for 3 years. (Use Tables 161A&B or a calculator.)

21. Winchell Plastics plans to buy a new delivery truck. The company can borrow $16,000 for 15 months at 15% compounded monthly. If Winchell borrows the money at this rate, how much will it have to pay in interest? (Use Tables 161A&B or a calculator.)

22. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

23. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

24. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

25. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

26. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

27. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

28. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

29. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

30. Compute the present value (principal) and the compound interest earned for each of the following investments. Use Tables 161A&B or 162A&B or a calculator.

31. Compute the present value in each of the following problems. Use Tables 161A&B or 162A&B or a calculator.

32. Compute the present value in each of the following problems. Use Tables 161A&B or 162A&B or a calculator.

33. Compute the present value in each of the following problems. Use Tables 161A&B or 162A&B or a calculator.

34. Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that Harold will earn during the 10 years. (Use Tables 161A&B or 162A&B or a calculator.)

35. Joseph Patrik will deposit enough money today so that his account will contain $30,000 in 15 years. The account will pay interest at 12% compounded semiannually. Compute the interest (in dollars) that Patrik will earn during the 15 years. (Use Tables 161A&B or 162A&B or a calculator.)

36. Beverly Forest is a single parent with twin daughters who are now seniors in high school. Beverly inherited money from her father’s estate and decided that it would be reasonable to save $50,000 of the inheritance for wedding expenses in the event that both daughters should decide to get married in the same year. How much money will Beverly have in 4 years if she can invest the $50,000 and get a return of 8% compounded quarterly? (Use Tables 161A&B or 162A&B or a calculator.)

37. Newton Kress plans to give his son $12,500 when his son turns 21, which will be 5 years from now. If Newton finds an investment that will pay 8% compounded semiannually, compute the amount that he must invest today to achieve his goal. (Use Tables 161A&B or 162A&B or a calculator.)

38. Twoandonehalf years from now, Melanie Olson wants to have $8,500 in the bank. She can earn interest of 12% compounded monthly. Compute the amount that Melanie must deposit today. (Use Tables 161A&B or 162A&B or a calculator.)

39. Amanda Nelson wants to buy a new car 3 years from now. In addition to trading in her current car, she estimates that she will need an additional $8,000. Compute the amount that Amanda must invest now if she can earn 5% compounded quarterly. (Use Tables 161A&B or 162A&B or a calculator.)

40. James Parker wants to buy a new motorcycle 4 years from now. In addition to trading in his current motorcycle, he estimates that he will need an additional $2,000. Compute the amount that James must invest now if he has to earn 12% compounded quarterly. (Use Tables 161A&B or 162A&B or a calculator.)

41. Maria Gomez, an attorney, plans to replace all of her office furniture in 5 years. She estimates that the cost will be $17,000 at that time. Compute the amount that Maria should deposit today at 6% compounded annually to have the money available. (Use Tables 161A&B or 162A&B or a calculator.)

42. When she got married, Lannie Ferguson left all of her personal savings in her own credit union account, which was paying 6% compounded quarterly. Six years later, the same account had increased to $26,871.62. Compute the amount that was in the account when Lannie got married. She made no additional deposits into the account. (Use Tables 161A&B or 162A&B or a calculator.)

43. In January, Dana Blakely decided to donate $2,500 to the Riverfront Humane Society. For income tax purposes, she will not make the donation until next December. If Dana can earn 12% compounded monthly, how much must she invest in January to have $2,500 in 11 months? (Use Tables 161A&B or 162A&B or a calculator.)

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