An online marathon fund raiser continues as long as donations keep coming in. The first...
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An online marathon fund raiser continues as long as donations keep coming in. The first hour costs $1.00, and then the cost per hour goes up by 5% every hour. Suppose the fundraiser lasts for 82 hours. How much will be raised in the last hour? Enter your answer rounded to two decimal places. Number How much will be raised in total? Enter your answer rounded to two decimal places. Number A car dealer offers you a car loan with payments of 2,250, quarterly, for 4 years. If the posted APR on the loan is 3%, what is the cost of the car? Enter your response below (rounded to 2 decimal places). Number An investment promises to pay you $7,500 per year forever with the first payment in 4 years. If alternative investments of similar risk earn 10% per year, determine the maximum you would be willing to pay for this investment Enter your response below (rounded to 2 decimal places). Number
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