OMG HARD PLZ HLP

Amy just graduated from the U of A with her degree in nursing, and landed a job at St. Joseph’s Hospital in Tucson as a registered nurse.  She makes $25.00 per hour for a 40 hour work week, and then is paid time and a half in overtime pay ( her hourly rate plus half) for additional hours worked during that week.  She averages about 46 hours of work per week.  

 

1. Calculate  Amy’s average annual income, including her overtime hours, estimating 52 weeks in a year.  Be sure to show all work.  Round to the nearest hundredth.

 

Amy is planning ahead and wants to invest the amount equal to 20% of her average annual income into an interest earning account for retirement in 25 years.  Of all the options available here, which one will produce the most money for retirement?  

 

1.   A certificate of deposit paying 5.4% compounded yearly.
2.   A bank account paying 5.25% compounded monthly.
3.   A bank account paying 5.1% compounded continuously.

 

1. Show all formulas used and work for each option.  Round to the nearest hundredth.

 Option a pays $____

 Option b pays $____

 Option c pays $____

Option offering highest return on investment:

 

1. For the highest earning option above, how long will it take for the money to double?  Be sure to show all your work.

 

Now that Amy is earning a regular wage and has planned for the future, she decides to buy her favorite car, a Mini Cooper.  She is concerned about depreciation, and wants to purchase the vehicle that will have the highest resale value at the end of her loan.  On average, automobiles lose 15% of their value each year.  Of the options below, which car should Amy purchase?

 

1. A 2013 Mini Cooper convertible at 6.9% interest for 5 years selling for $30,000.00.
2. A used 2012 Mini Cooper sedan at 6.9% interest for 3 years selling for $23,575.00.

 

1. Show all formulas and work for each option.

Value of option a and end of loan $____

Value of option b at end of loan $____

Best auto for Amy:

 

 

 

Thx so much (_8-(D)