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Mathematics

30 September, 15:55

Al gets paid semimonthly. His gross pay for each pay period is $750.

He has 18% withheld for taxes and 4% withheld for personal deductions.

What is the amount of his annual net pay?

a. $7,200

b. $14,040

c. $15,300

d. $15,600

Patrice borrowed $1,700 at 9.5% for 12 months under a monthly installment plan. She must pay $8.7683 per $100 each month for 12 months. How much is her monthly installment payment?

a. $14.91 b. $149.06 c. $72 d. $839.55

Forrest deposited $1,000 in a savings account that pays 5.5% interest,

compounded monthly. What was his balance at the end of the second

month after the interest had been added?

a. $1,009.20

b. $9.18

c. $1,009.18

d. $1,055