(a) decide whether the problem relates to an ordinary annuity or an annuity due and then (b) solve the problem.

A college class's $25$th reunion gift is $\$ 8.6$ million. How many semiannual payments of $\$ 250,000$ will this provide at the beginning of each $6$-month period if money is worth $4.4 \%$ compounded semiannually?

Henry Schultz wants to buy a car that costs $18,980 in a state with a 6.25 % sales tax. How much sales tax will he pay?

Fill in the blank with the word or words that best completes the statement.

Amounts charged to connect to the Internet are called (a, an) ___.

What is $\frac{3}{4}$ of $\$ 660$ ?

(a) decide whether the problem relates to an ordinary annuity or an annuity due and then (b) solve the problem.

As a result of a court settlement, an accident victim is awarded $\$1.2$ million. The attorney takes one-third of this amount, another third is used for immediate expenses, and the remaining third is used to set up an annuity. What amount will this annuity pay at the beginning of each quarter for the next 5 years if the annuity earns $7.6 \%$ compounded quarterly?

Fill in the blank with the word or words that best completes the statement.

The Internet allows you to send, or ___ files to others on the Internet

A store sells 3 cans of tomato sauce for $0.44. What is the price of one can?

(a) decide whether the problem relates to an ordinary annuity or an annuity due and then (b) solve the problem.

Recent sales of some real estate and record profits make it possible for a manufacturer to set aside $\$ 800,000$ in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half-year for the next $3$ years if the fund earns $7.7 \%$ compounded semiannually?

Is there any difference between the present values in parts (a) and (b)? Explain.

(a) An annuity due that pays $\$ 1000$ at the beginning of each year for $10$ years

(b) Taking $\$ 1000$ now and establishing an ordinary annuity that pays $\$ 1000$ at the end of each year for $9$ years

Find the present value of an annuity due that pays $\$ 3000$ at the beginning of each quarter for the next $7$ years. Assume that money is worth $5.8 \%$ compounded quarterly.

Steve Gaimes is paid overtime for all time worked past 40 hours in a week. His regular-time pay rate is $\$12$ an hour, and his overtime pay rate is $\$18$ an hour. Last week Steve worked 47.3 hours. What was Steve’s regular-time pay last week?

Answer questions about your updated spreadsheet.

$$\begin{array}{|r|l|c|c|} \hline & {\text { A }} & \text { B } & \text { C } \\ \hline 1 & {\text { Rent or Buy Template }} \\ \hline 2 & {} \\ \hline 3 & \text { Description } & \text { Amount } & \\ \hline 4 & & & \\ \hline 5 & \text { Rent per year } & 0.00 & \\ \hline 6 & \text { Rent per week } & 75.00 & \\ \hline 7 & \text { Rent per day } & 25.00 & \\ \hline 8 & \text { Rent per hour } & 6.00 & \\ \hline 9 & \text { Cost of item } & 349.99 & \\ \hline 10 & {} \\ \hline 11 & \text { Rent per year equals or exceeds cost in: } & 0.00 & \text { Years } \\ \hline 12 & \text { Rent per week equals or exceeds cost in: } & 4.67 & \text { Weeks } \\ \hline 13 & \text { Rent per day equals or exceeds cost in: } & 14.00 & \text { Days } \\ \hline 14 & \text { Rent per hour equals or exceeds cost in: } & 58.33 & \text { Hours } \\ \hline \end{array}$$

What does " $=\operatorname{IF}(\mathrm{B} 6>0$ " mean in the formula found in cell B12?

Fill in the blank with the word or words that best completes the statement.

The Internet allows you to copy, or ___ files to your computer from the Internet

(a) decide whether the problem relates to an ordinary annuity or an annuity due and then (b) solve the problem.

A local library receives a bequest of $\$ 100,000$ from a prominent local family. How much will this provide at the beginning of each $3$-month period for the next $2 \frac{1}{2}$ years if money is worth $7.4 \%$ compounded quarterly?