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Tutors Answer Your Questions about Finance (FREE)
Question 154226This question is from textbook 
: a man invested $6000, part of it at 5%simple interest and the rest at 7% simple interest. If his annual interest income is $372, how much did he invest at each rate?This question is from textbook
: a man invested $6000, part of it at 5%simple interest and the rest at 7% simple interest. If his annual interest income is $372, how much did he invest at each rate?
Click here to see answer by checkley77(1705)  |
Question 154255: Can someone please tell me if this is correct.
I won the lottery and will recieve 12000 per year for 10 years.
At 12% interest how much should the lottery invest to pay out this amount for the next 10 years?
P=(N/r)(1-(1+r)^n)
I came up with 67,802.68. Am I correct?: Can someone please tell me if this is correct.
I won the lottery and will recieve 12000 per year for 10 years.
At 12% interest how much should the lottery invest to pay out this amount for the next 10 years?
P=(N/r)(1-(1+r)^n)
I came up with 67,802.68. Am I correct?
Click here to see answer by jim_thompson5910(8286) |
Question 154218: Knowing that the distance a runner runs varies directly with the hours of sleep the night before find how far a runner runs on 8 hours of sleep if it is known that a runner ran 5 miles on 4 hours of sleep.: Knowing that the distance a runner runs varies directly with the hours of sleep the night before find how far a runner runs on 8 hours of sleep if it is known that a runner ran 5 miles on 4 hours of sleep.
Click here to see answer by Alan3354(564) |
Question 154220: A company determines that its total cost is given by the function
C(x) = 2.5x^2 - 125x + 10,000 where x is the number of units produced and C(x) is in dollars.
A. How many units mut be produced to minimize cost?
B. What is the minimum cost?
: A company determines that its total cost is given by the function
C(x) = 2.5x^2 - 125x + 10,000 where x is the number of units produced and C(x) is in dollars.
A. How many units mut be produced to minimize cost?
B. What is the minimum cost?
Click here to see answer by ankor@dixie-net.com(3941) |
Question 154204: P = (N/r)( 1 - (1 + r)-n )
P = (20000/0.05)( 1 - (1 + 0.05)^-20 )
= 400000(1 - .37689) = $249,244
This is the formula and the solution. Can someone PLEASE tell me how they did (1-(1+0.05)^-20) and reached the .37689.
I am desparate and no one has answered the last 2 questions I have posted. Am I posting in the wrong area?: P = (N/r)( 1 - (1 + r)-n )
P = (20000/0.05)( 1 - (1 + 0.05)^-20 )
= 400000(1 - .37689) = $249,244
This is the formula and the solution. Can someone PLEASE tell me how they did (1-(1+0.05)^-20) and reached the .37689.
I am desparate and no one has answered the last 2 questions I have posted. Am I posting in the wrong area?
Click here to see answer by Earlsdon(3498) |
Question 153804: When doing an equation such as...
Negatuve one eigth of a number is -3/4
What am I to do: When doing an equation such as...
Negatuve one eigth of a number is -3/4
What am I to do
Click here to see answer by checkley77(1705) |
Question 153467: If a client wants to spend Total of $25.00 on food, including the tax (7.75%) and the tip (20%), what is the price of the food alone. Is there some sort of an equation or a formula?
: If a client wants to spend Total of $25.00 on food, including the tax (7.75%) and the tip (20%), what is the price of the food alone. Is there some sort of an equation or a formula?
Click here to see answer by vleith(963) |
Question 153279This question is from textbook
: Larry has an annual return of $213 from $3000 invested at simple interest, some at 5% and the rest a8%. How much is invested at each rate?This question is from textbook
: Larry has an annual return of $213 from $3000 invested at simple interest, some at 5% and the rest a8%. How much is invested at each rate?
Click here to see answer by orca(254) |
Question 152418This question is from textbook algebra1
: Without grouping symbols, the expression has a value of 58. Insert grouping symbols in the expression 2x3^3+4 to produce the indicated values,
a.62 b.220 c.4374 d.279,936This question is from textbook algebra1
: Without grouping symbols, the expressionhas a value of 58. Insert grouping symbols in the expression 2x3^3+4 to produce the indicated values,
a.62 b.220 c.4374 d.279,936
Click here to see answer by bucky(1732) |
Question 152077: 132.48/x=147.12
Can you give me step by step to solve this, i did it with a calculator and got the answer, just forgot how to actually solve.: 132.48/x=147.12
Can you give me step by step to solve this, i did it with a calculator and got the answer, just forgot how to actually solve.
Click here to see answer by Earlsdon(3498) |
Question 151895: [p+q][square]=10
p[square]+q[square]=50
Find p and q .
PLS HELP T.T
Thankx: [p+q][square]=10
p[square]+q[square]=50
Find p and q .
PLS HELP T.T
Thankx
Click here to see answer by Edwin McCravy(1810) |
Question 151455: I am extremely confused with how to solve fractions...especially fractions with two variables.
1/2 x + 1/3 y = 1/3
1/6 x + 1/3 y = 2/9: I am extremely confused with how to solve fractions...especially fractions with two variables.
1/2 x + 1/3 y = 1/3
1/6 x + 1/3 y = 2/9
Click here to see answer by stanbon(17981) |
Question 151455: I am extremely confused with how to solve fractions...especially fractions with two variables.
1/2 x + 1/3 y = 1/3
1/6 x + 1/3 y = 2/9: I am extremely confused with how to solve fractions...especially fractions with two variables.
1/2 x + 1/3 y = 1/3
1/6 x + 1/3 y = 2/9
Click here to see answer by oscargut(481)  |
Question 151361: Take any number (except for 1). Square that number and then subtract one. Divide by one less than your original number. Now subtract your original number. Did you reached 1 for an answer? You should have. How does this number game work? (Hint: Redo the number game using a variable instead of an actual number and rewrite the problem as one rational expression). How did the number game use the skill of simplifying rational expressions? Create your own number game using the rules of algebra and post it for your classmates to solve. Be sure to think about values that may not work. State whether your number game uses the skill of simplifying rational expressions. : Take any number (except for 1). Square that number and then subtract one. Divide by one less than your original number. Now subtract your original number. Did you reached 1 for an answer? You should have. How does this number game work? (Hint: Redo the number game using a variable instead of an actual number and rewrite the problem as one rational expression). How did the number game use the skill of simplifying rational expressions? Create your own number game using the rules of algebra and post it for your classmates to solve. Be sure to think about values that may not work. State whether your number game uses the skill of simplifying rational expressions.
Click here to see answer by oscargut(481) |
Question 150747: A car salesman makes $445 per week plus commission. If during the week he sells a new van for $34,960 and earns a 2.5% commission on the sale, how much money did he earn for the week?
A. $429 B. $874 C. $885 D. $1319: A car salesman makes $445 per week plus commission. If during the week he sells a new van for $34,960 and earns a 2.5% commission on the sale, how much money did he earn for the week?
A. $429 B. $874 C. $885 D. $1319
Click here to see answer by mangopeeler07(428) |
Question 150616: If I have $1000 to invest for 2 yrs, which gives a higher yield, a CD or a money market account.
Please help me - Nancy: If I have $1000 to invest for 2 yrs, which gives a higher yield, a CD or a money market account.
Please help me - Nancy
Click here to see answer by ankor@dixie-net.com(3941) |
Question 150124: an executive invest $22000, some at 7% and some at6% annual interest. If he recieves an annual return of $1420, how much is invested in each rate?: an executive invest $22000, some at 7% and some at6% annual interest. If he recieves an annual return of $1420, how much is invested in each rate?
Click here to see answer by checkley77(1705) |
Question 150072This question is from textbook elementary and intermediate algebra
: -3x+1=5-2x
I know the answer is -4 because it is in the back of the book. can you please explain very detailed how they get this answer. I have a learning disability so I need very detailed and basic step by step instructions on how to work it.
Thank you very muchThis question is from textbook elementary and intermediate algebra
: -3x+1=5-2x
I know the answer is -4 because it is in the back of the book. can you please explain very detailed how they get this answer. I have a learning disability so I need very detailed and basic step by step instructions on how to work it.
Thank you very much
Click here to see answer by ankor@dixie-net.com(3941) |
Question 149986: Hi I need the answer please :) I am using half of my questons in this one box I will submit my other three in another question and thats it becasue it will b unfair 2 others
Find the hypotenuse of a right triangle with legs measuring 5.2 cm and 7.8 cm respectively. Round your answer to the nearest tenth of a centimeter.
3.6 cm
5.8 cm
18.5 cm
9.4 cm
16.5 cm
I also need this answered :)
Sam hiked 48 miles directly east and then 36 miles directly south. Find the shortest distance in miles from the point where he ended up to his starting point.
72 miles
60 miles
48 miles
36 miles
24 miles
This one 2
The screen on Jeff's computer monitor has a length of 15.2 and a width of 11.5 in. Find the measure of the diagonal for Jeff's monitor.
19 inches
24 inches
28 inches
17 inches
13 inches
: Hi I need the answer please :) I am using half of my questons in this one box I will submit my other three in another question and thats it becasue it will b unfair 2 others
Find the hypotenuse of a right triangle with legs measuring 5.2 cm and 7.8 cm respectively. Round your answer to the nearest tenth of a centimeter.
3.6 cm
5.8 cm
18.5 cm
9.4 cm
16.5 cm
I also need this answered :)
Sam hiked 48 miles directly east and then 36 miles directly south. Find the shortest distance in miles from the point where he ended up to his starting point.
72 miles
60 miles
48 miles
36 miles
24 miles
This one 2
The screen on Jeff's computer monitor has a length of 15.2 and a width of 11.5 in. Find the measure of the diagonal for Jeff's monitor.
19 inches
24 inches
28 inches
17 inches
13 inches
Click here to see answer by nerdybill(452) |
Question 149881: 18 out of 20 customers make a purchase. If three customers are selected randomly one at a time, what is the probability that all will make a purchase?
Please help.: 18 out of 20 customers make a purchase. If three customers are selected randomly one at a time, what is the probability that all will make a purchase?
Please help.
Click here to see answer by scott8148(2482) |
Question 149841: Dr. Sand borrowed some money for new furniture. She paid $245. simple interest on a 3.5 year loan at 3.5%. Find the principle.
Please help,
Ellen: Dr. Sand borrowed some money for new furniture. She paid $245. simple interest on a 3.5 year loan at 3.5%. Find the principle.
Please help,
Ellen
Click here to see answer by scott8148(2482) |
Question 149841: Dr. Sand borrowed some money for new furniture. She paid $245. simple interest on a 3.5 year loan at 3.5%. Find the principle.
Please help,
Ellen: Dr. Sand borrowed some money for new furniture. She paid $245. simple interest on a 3.5 year loan at 3.5%. Find the principle.
Please help,
Ellen
Click here to see answer by josmiceli(1851) |
Question 149839: What is the maturity value if the principle is $1400.00, and the rate is 16% compounded quarterly over 6 yrs?
Please help,
Ellen: What is the maturity value if the principle is $1400.00, and the rate is 16% compounded quarterly over 6 yrs?
Please help,
Ellen
Click here to see answer by scott8148(2482) |
Question 149842: Find the selling price and the mark-up amount. The cost is $350., the mark-up rate is 70%,
Please help,
Ellen : Find the selling price and the mark-up amount. The cost is $350., the mark-up rate is 70%,
Please help,
Ellen
Click here to see answer by Alan3354(564) |
Question 149706: I tried to find an equation with the the unknown amount of coins but could not find one. I believe I need 3 seperate equations but I am not sure.
.05N+.10D=5.65
.05N+2 + .10D*2
(Not sure if this one is right. don't know the third one but I am pretty sure there is one Please help)
Joe has a collection of nickels and dimes that is worth $5.65. If the number of dimes were doubled and the number of nickels were increased by 8, the value of the coins would be $10.45. How many dimes does he have?: I tried to find an equation with the the unknown amount of coins but could not find one. I believe I need 3 seperate equations but I am not sure.
.05N+.10D=5.65
.05N+2 + .10D*2
(Not sure if this one is right. don't know the third one but I am pretty sure there is one Please help)
Joe has a collection of nickels and dimes that is worth $5.65. If the number of dimes were doubled and the number of nickels were increased by 8, the value of the coins would be $10.45. How many dimes does he have?
Click here to see answer by stanbon(17981) |
Question 149383: PLEASE HELP: I have to find the total amount due for each simple interest loan for $6100 at 5.7% interest for 4 years 9 months.: PLEASE HELP: I have to find the total amount due for each simple interest loan for $6100 at 5.7% interest for 4 years 9 months.
Click here to see answer by ankor@dixie-net.com(3941) |
Question 149384: PLEASE HELP: I have to find the total amount due for each simple interest loan for $3125 at 4.81% interest for 10 years.: PLEASE HELP: I have to find the total amount due for each simple interest loan for $3125 at 4.81% interest for 10 years.
Click here to see answer by mangopeeler07(428) |
Question 149274: Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years: Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years
Click here to see answer by checkley77(1705) |
Question 148941: The instruction manual on the industrial oven suggests your oven temperature will increase by 45 degrees Fahrenheit per minute. When the over is initially turned on, the temperature is 70 degrees Fahrenheit. What will the temperature of the oven be after 7 minutes?: The instruction manual on the industrial oven suggests your oven temperature will increase by 45 degrees Fahrenheit per minute. When the over is initially turned on, the temperature is 70 degrees Fahrenheit. What will the temperature of the oven be after 7 minutes?
Click here to see answer by mangopeeler07(428) |
Question 148712: The cost of winning a seat in the House in recent years has been approximately 805e^0.0625x thousand dollars, where x is the number of years since 2000. Estimate the cost of winning a House seat in the year 2010.: The cost of winning a seat in the House in recent years has been approximately 805e^0.0625x thousand dollars, where x is the number of years since 2000. Estimate the cost of winning a House seat in the year 2010.
Click here to see answer by ankor@dixie-net.com(3941) |
Question 148701: I need some help with the following word problem...
A small firm produces both AM and AM/FM ca radios. The AM radios take 15 hours to produce, and the AM/FM radios take 20 hours to produce. The Number of production hours is limited to 300 hours per week. The plant's capacity is limited to a total of 18 radios per week, and existing orders require that at least 4 AM radios and at least 3 AM/FM radios be produced per week. Write a system of inequalities representing this situation. In this case let x= AM Radios and y= AM/FM radios.
Would it be 15x + 20y (less than or equal to) 300 ??? : I need some help with the following word problem...
A small firm produces both AM and AM/FM ca radios. The AM radios take 15 hours to produce, and the AM/FM radios take 20 hours to produce. The Number of production hours is limited to 300 hours per week. The plant's capacity is limited to a total of 18 radios per week, and existing orders require that at least 4 AM radios and at least 3 AM/FM radios be produced per week. Write a system of inequalities representing this situation. In this case let x= AM Radios and y= AM/FM radios.
Would it be 15x + 20y (less than or equal to) 300 ???
Click here to see answer by ankor@dixie-net.com(3941) |
Question 148732: How many years will it take $6,000 invested at 8% interest to earn $1,680?
: How many years will it take $6,000 invested at 8% interest to earn $1,680?
Click here to see answer by LaQia(1) |
Question 148698: Mike has 19 coins (Nickels, Dimes and quarters) in his piggy bank with a total value of $2.35. There are 2 more dimes than nickels. How many of each type of coins does mike have?
I know I have to make 3 equations
N + D + Q= 2.35
D= N +2 ( I think)
Not sure on the third one.: Mike has 19 coins (Nickels, Dimes and quarters) in his piggy bank with a total value of $2.35. There are 2 more dimes than nickels. How many of each type of coins does mike have?
I know I have to make 3 equations
N + D + Q= 2.35
D= N +2 ( I think)
Not sure on the third one.
Click here to see answer by jojo14344(363) |
Question 148698: Mike has 19 coins (Nickels, Dimes and quarters) in his piggy bank with a total value of $2.35. There are 2 more dimes than nickels. How many of each type of coins does mike have?
I know I have to make 3 equations
N + D + Q= 2.35
D= N +2 ( I think)
Not sure on the third one.: Mike has 19 coins (Nickels, Dimes and quarters) in his piggy bank with a total value of $2.35. There are 2 more dimes than nickels. How many of each type of coins does mike have?
I know I have to make 3 equations
N + D + Q= 2.35
D= N +2 ( I think)
Not sure on the third one.
Click here to see answer by oscargut(481) |
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