Essay Question Instructions: Make sure you show all work on…

Essay Question Instructions: Make sure you show all work on the four essay questions on scratch paper. Upload a PDF of your written work to the Canvas Upload module immediately after you finish the test. Most of the points are awarded based on your written work, not the final answer that you submit to each question. Essay Question 1: (A) Suppose that your student loan balance is $45,000.00 dollars and that the annual percent rate is 7.8% compounded monthly. Suppose also that this rate is fixed and you want to repay the loan in 9 years. How much will your monthly payment be? (B) Assume you deposit $20,000.00 dollars into a savings account that pays you simple interest at an annual percent rate of 4%. How long do you have to wait for your account balance to be $104,000.00?

Essay Question Instructions: Make sure you show all work on…

Essay Question Instructions: Make sure you show all work on the four essay questions on scratch paper. Upload a PDF of your written work to the Canvas Upload module immediately after you finish the test. Most of the points are awarded based on your written work, not the final answer that you submit to each question. Essay Question 5: Consider the following mileage chart: A B C D E A 0 22 32 34 18 B 22 0 28 26 20 C 32 28 0 30 40 D 34 26 30 0 24 E 18 20 40 24 0 (A) Use the Nearest Neighbor Algorithm starting at D to find a Hamilton circuit. Sketch it and find the length of the circuit. (B) Use the Cheapest Link Algorithm to find a Hamilton circuit. Sketch it and find the length of the circuit. Clearly identify the edges in the order you choose them. For example, if you choose GF then PQ, write GF, PQ, … 

Essay Question Instructions: Make sure you show all work on…

Essay Question Instructions: Make sure you show all work on the four essay questions on scratch paper. Upload a PDF of your written work to the Canvas Upload module immediately after you finish the test. Most of the points are awarded based on your written work, not the final answer that you submit to each question. Essay Question 1: (A) Suppose that your student loan balance is $48,000.00 dollars and that the annual percent rate is 5.4% compounded monthly. Suppose also that this rate is fixed and you want to repay the loan in 8 years. How much will your monthly payment be? (B) Assume you deposit $30,000.00 dollars into a savings account that pays you simple interest at an annual percent rate of 4%. How long do you have to wait for your account balance to be $128,000.00?