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Tutors Answer Your Questions about Finance (FREE)
Question 239748: you invest $350 that pays a yearly interest rate of 6%
write a formula for an exponential function giving the balance of the account (B) , in dollars , as a function of the time (t) , in years, since initial investment
Click here to see answer by Theo(667)   |
Question 239008: The Future Teacheers of America Club at Paint Branch High School is making a healthy trail mix to sell to students during lunch. The mix will have three times the number of pounds of raisins as sunflower seeds. Sunflower seeds cost $4.00 and raisins cost $1.50 per pound. If the group has $34.00 on the raisins and sunflower seeds, how many pounds of each should they buy?
Click here to see answer by scott8148(3381)  |
Question 239049: 4. The line y=0.15x + 0.79
represents an estimate of the average cost of gasoline for each year. The line
0.11x-y= -0.85
estimates the price of gasoline in January of each year (Bureau of Labor Statistics, 2006).
a) Do you expect the lines to be intersecting, parallel, or perpendicular? Explain your reasoning.
b) Use the equations of the lines to determine if they are parallel. What did you find?
c) Did your answer to part b confirm your expectation in part a?
Click here to see answer by Theo(667) |
Question 237841: Aplication Problem:
If I have $70,000 to invest. I want to receive an income of $5,000 per year. I have to invest in two accounts:
The first account have a 6% rate and the other at 8.5%. How much I have to invest in each account to earn $5,000 per year?
Click here to see answer by solver91311(5061)  |
Question 237554: another question for y'all
suppose you invest $5000 into an interest-bearing account which compounds at 3% every month. How much will you have in your account at the end of 7 years? I have to use this formula>> S=P(1+r/n)nt-th power. please help and need back asap and if you could show the steps it would be greatly appreciated
Click here to see answer by jim_thompson5910(13785)  |
Question 236903: 5.) Determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How would your answer
change if you had to wait six years to receive the$15,000?
13.) a.) what would be the future value of $7,455 invested annually for nine years beginning one year from now if the annual interest rate in 9 percent
6.) assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future valuye of this annuity if your first $5,000 is invested at end of this year.
7.)what is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from no? how would your answer change if the $500 per year occurred for ten years?
8.) determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a 5 year period.
Click here to see answer by rfer(2680) |
Question 236335: 2.) Determine the future values if $5,000 is invested in each of the following situations:
a.) 5 percent for ten years
Begin with $100 - - - > 5 percent for 1 year - - > 105
then with each $1 - - - > 105/100 = 1.05 after 1 year
Then for $5,000 it would be 5,000 * 1.05 after 1 year
and then 5,000 * 1.05 * 1.05 after 2 year
for 10 year investment
it would be 5,000 * (1.05)^10 = $8144.475 Ans
Click here to see answer by MissionPossible(18) |
Question 236234: I've forgotton how to do this. Could you tell me how to figure this out: if an item costs $21.69 ( a sale price) where the sale price is 73% of the original price, how to calculate the original price?
Can't believe I can't remember (oh yes I do!), after carrying a 4.0 in math for sll of Sr. H.S.!
Jar that memory! Any help is greatly appreciated,
Thank you,
Ruth
Click here to see answer by rfer(2680) |
Question 235983: the function H described by H(x)=2.75x+71.48 can be used to predict the height in centimeters of a woman whose humerous(the bone between elbow and shoulder)is x cm long. predict the height of a woman whose humerouse is 32 cm long.
Click here to see answer by solver91311(5061) |
Question 235108: I have freshman algebra, and I had an assignment today with scientific notation
the problem was
(3,000)^3. When solving the problem I multiplied 3,000 x 3,000 x 30000= 270,000.00. I wrote the scientic notation as 2.7 x 10^9 was I correct
Click here to see answer by Edwin McCravy(2920) |
Question 235108: I have freshman algebra, and I had an assignment today with scientific notation
the problem was
(3,000)^3. When solving the problem I multiplied 3,000 x 3,000 x 30000= 270,000.00. I wrote the scientic notation as 2.7 x 10^9 was I correct
Click here to see answer by solver91311(5061) |
Question 234897: please help! no idea where to start on this one
The first apartment I rented was 32 years ago in Chicago. The rent was $250 a
month. If inflation has been more or less around 4% a year and the rent has gone up
according to the inflation. What do you think the rent for that apartment is today?
Click here to see answer by Theo(667) |
Question 234464: Two packages together weigh 32 kilograms the smaller package weighs 6 kilograms less than the larger. How much does each package weigh? Use the variable s and L show setup and work. This is what I have so far but I am confused now...
s + L = 32
-2(s+L=32)
-2s+-2L= -2(32)
-2s -2L = -64
-2s-2L = -64
2s + 6L =
Click here to see answer by checkley77(7032) |
Question 225980: A jar contains 40 coins consisting of dimes and quarters and having a total value of $4.90. How many of each kind of coin are there?
I know that somehow I use .1d+.25q=$4.90 but I don't know how to add the 40 in there. Help please!
Click here to see answer by edjones(3288)  |
Question 225980: A jar contains 40 coins consisting of dimes and quarters and having a total value of $4.90. How many of each kind of coin are there?
I know that somehow I use .1d+.25q=$4.90 but I don't know how to add the 40 in there. Help please!
Click here to see answer by scott8148(3381) |
Question 223606: Okay, this one has be banging my head on my desk.
From June 2003 until April 2004 Blue airlines stock was worth approximately P=-4r^2+80t-360, where P denotes the price of the stock in dollars and to cooresponds to months, with t=1 cooresponding to January 2003.
During what months was the stock equal to $24
Click here to see answer by tutor_paul(424)  |
Question 223456: Hello, word problem get me everytime. I never know how to set them up.
Ash has $120,000 to invest and puts some in a CD at 4% annual interest. He puts the rest in a stock that earns 7%. How much did he invest in each to earn $7800 interest that year?
Thank you in advance
Click here to see answer by rfer(2680) |
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