Questions:
1. Round the number 1.46 to the nearest tenth.
2. Round the number 1.46 to the nearest whole number.
3. Round the number 1.46 first to the nearest tenth then round the result to the whole number.
4. What happened?
5. Using a calculator or a computer, divide 10 percent by 12.
6. Suppose you have a bank account with 10,000 dollars and an inter- est rate of 10 percent. After 5 years, how much interest have you earned? For a monthly interest rate, use the value from problem 5 rounded to 3 decimal places.
7Repeat the last problem, but round the monthly rate to 5 decimal places.
8. Repeat the last problem, but use the most decimal places you can.
9. What happens in the last three interest calculations?
10. Write a conclusion detailing what you have learned from this assignment.
11. Compute the monthly payment for a house loan of $200,000 to be financed over 30 years at an interest rate of 10%