Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance. The interest rates are from national averages from www.bankrate.com in April 2013.

Thirty-year mortgage for $210,000 at 3.54%; remaining balance after 12 years

An investor deposits $\$10,000$ in an account that earns $3.5\%$ interest compounded quarterly. The balance in the account after $n$ quarters is given by

$$An=10000(1+0.035/4)^n, n=1, 2, 3, . . .$$

Is the balance after $20$ years twice the balance after $10$ years? Explain.

Illustrate the given equation, $45=x+18$, with a balance-scale model. The number $45$ is on the left side of the balance scale. The unknown number is on the right side of the balance scale added to $18$.

Select the operation that will isolate the variable, and write that operation on your paper.

Credit Card Debt John has a balance of $3000 on his Discover card that charges 1% interest per month on any unpaid balance. John can afford to pay$100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence$B_{0}=$3000 \quad B_{n}=1.01 B_{n-1}-100$ Determine John's balance after making the first payment. That is, determine $B_{1}$.

Zero-balance account Union Company is considering establishment of a zero-balance account. The firm currently maintains an average balance of $420,000 in its disbursement account. As compensation to the bank for maintaining the zero-balance account, the firm will have to pay a monthly fee of$1,000 and maintain a $300,000 non–interest-earning deposit in the bank. The firm currently has no other deposits in the bank. Evaluate the proposed zero-balance account, and make a recommendation to the firm, assuming that it has a 12% opportunity cost.

As of January 1, Terrace Waters, Capital, had a credit balance of $314,000. During the year, withdrawals totaled$10,000, and the business incurred a net loss of $320,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain.

As of December 31, 2018, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $\$ 20,000$ and the billings on construction contract account has a balance of $\$ 14,000$. Cady has another construction job for which the construction in progress account has a balance of $\$ 3,000$ and the billings on construction contract account has a balance of $\$ 5,000$. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2018, balance sheet.

As of December 31, 2016, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $20,000 and the billings on construction contract account has a balance of$14,000. Cady has another construction job for which the construction in progress account has a balance of $3,000 and the billings on construction contract account has a balance of$5,000. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2016, balance sheet.

As of January 1, Retained Earnings had a credit balance of $314,000. During the year, dividends totaled$10,000, and the business incurred a net loss of $320,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain

John has a balance of $3000 on his Discover card that charges 1% interest per month on any unpaid balance. John can afford to pay$100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence$B_{0}=$3000, \quad B_{n}=1.01 B_{n-1}-100$. Using a graphing utility, determine when John will pay off the balance. What is the total of all the payments?

Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts payable. What will the trial balance show for this error? a. Too much for cash b. Too much for liabilities c. Too much for expenses d. The trial balance will not balance

a. How do you determine the balance of an account? b. The following information is for the Cash in Bank account on a single day. What is the balance of Cash in Bank at the end of the day? Beginning balance: $3,000 debit Transactions:$450 credit, $1,275 credit.$1,800 debit

To use a double-pan balance, you put the object to be weighed on one side and then put known weights on the other side until the pans balance.

a. Explain why it is useful to have the balance point halfway between the two pans. b. Suppose the balance point is off-center, 15 cm from one pan and 20 cm from the other. An object is placed in the pan that is closer to the center. The pans balance when 7 kg is placed in the other pan. What is the weight of the unknown object?

The first step in balancing a checkbook is a. subtracting fees on the bank statement from the checkbook balance. b. comparing checks in the check record with those on the statement. c. adding interest earned to the checkbook balance. d. adding recent deposits to the bank statement balance.