# Questions on Algebra in Finance answered by real tutors!

Algebra ->  Algebra  -> Finance -> Questions on Algebra in Finance answered by real tutors!      Log On

 Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help! Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Question 209094: helga invested \$1000 at 5% interest rate, compounded anually. how much interest had helga earned by the end of the sixth year? Click here to see answer by checkley77(12569)

 Question 209225: URGENT QUESTION the question is- papreback books cost\$5 and hard cover books cost \$7 each. I spend exactly \$86 on books of these two types. Whta is the maximum number of books i can buy? thanks. heaps Click here to see answer by scott8148(6628)

 Question 209404: I need the order of operations to solve this promblem: 5x + 4y = 74 2x + 12y = 92 Click here to see answer by gege15(1)

 Question 209081: 18. What is the reciprocal of 2/x + 7/x-1 Click here to see answer by ankor@dixie-net.com(15656)

 Question 209828: Top Bond Fund. An investment of \$10,000 in the Emerging Country Debt Fund in 2001 was worth \$24,780 in 2006. Use the formula from the previous exercise to find the 5 year average annual return. (formula) r=(S/P)1/n-1 Click here to see answer by nyc_function(2733)

 Question 211056: Of the \$50,000 that Natasha pocketed on her last real estate deal, \$20,000 went to charity. She invested part of the remainder in leaders Fund with an annual yield of 16% and the rest in another Fund with an annual yield of 25%. If she made \$6060 on these investments in 1 year, then how much did she invest in each fund? Click here to see answer by Earlsdon(6287)

 Question 211047: A sum of \$2100 is invested in two accounts, one earning 7% simple annual interest and one earning 4%. If the total interest earned for the year is \$120, how much money is in each account? Click here to see answer by math problem solving(30)

 Question 211138: I corrected my email address Please help me solve this equation: What was the MSrp for a hummer HI that sold for \$107,272 after an 8% discount? I think I worked the problem wrong 107,272 = L-0.08L 1(107,272)= 1(L-0.08L) 107,272 = 1L-8L 107,272 = 7L 107,272 = 7L _______ = ___ 7 7L 154,245.71 = L Click here to see answer by checkley77(12569)

 Question 211135: Please help me solve this equation: What was the MSrp for a hummer HI that sold for \$107,272 after an 8% discount? I think I worked the problem wrong 107,272 = L-0.08L 1(107,272)= 1(L-0.08L) 107,272 = 1L-8L 107,272 = 7L 107,272 = 7L _______ = ___ 7 7L 154,245.71 = L Click here to see answer by checkley77(12569)

 Question 211131: Please help me solve this equation: Gwen brought a new Toyota Corolla. the selling price plus 8% state sales tax was \$15,714. What was the sell price? Click here to see answer by checkley77(12569)

 Question 211237: Ronald wants to sell his car through a broker who charges a commission of 10% of the selling price. Ronald still owes 11,025 on the car. Ronald must get enough to at least pay off the loan. What is the range of the selling price? Click here to see answer by rfer(12662)

 Question 211303: If Fran invests \$8200 at 6% per year, how much additional money must she invest at 8% to ensure that the interest she receives each year is 7% of the total investment. Click here to see answer by plydry28(2)

 Question 211533: A total of \$6000 is deposited into two simple interest accounts. One account has an interest rate of 7.5% and the other has a rate of 11.4%. How much should be invested in the 11.4% account to earn a total interest of \$528? Click here to see answer by checkley77(12569)

 Question 211654: A stamp collection consists of 8-cent, 13-cent, and 18-cent stamps. The number of 8-cent stamps is twice the number of 18-cent stamps. There are 3 more 13-cent stamp than 18-cent stamps. The total value of the stamps in the collection is \$3.68. Find the number of 8-cent stamps in this collection. I tried letting X = 18-cent stamps 2x = 13-cent stamps X+3 = 8-cent stamps There's a similar problem on the site, but I can't make it work for my own problem. I keep getting decimal answers, when I think it should be whole numbers (number of stamps; you can't really have a fraction of a stamp). Click here to see answer by checkley77(12569)

 Question 212352: I am looking for help in solving a question from a text concerning the equilibrium point of the problem. Here is the problem. Supply and Demand. The supply and demand for the sale of stereos by Sound Ideas are given by S(x)=e^x and D(x)=162,755e^-x, where S(x) is the price at which the company is willing to supply x stereos and D(x) is the demand price for a quantity of x stereos. Find the equilibrium point. I understand that this is the point that when graphed would be the intersection. My problem is setting up the problem as an equation and then solving it. I thought it would be e^x= 162,755e^-x but I am totally confused on how to treat the e, and how do I solve for x? Click here to see answer by stanbon(57361)

 Question 212457: 5,000/(1+r)to the fifth power equals \$3917.63. Please help solve for r. Money to invest = \$3917.63 term is 5 years yield sum of \$5,000 what is interest rate Click here to see answer by Alan3354(30993)

 Question 212568: a pizza parior changes 7.00 for no-toping medium cheese pizza.They charge \$1.00 for each topping.how much would a medium cheese pizza with pepperoni,italian sausage,mushrooms,green peppers,and jalapenos cost? Click here to see answer by rapaljer(4667)

 Question 212719: Compute the expected rate of return of Asset A that has a rate of return 8%, 13%, and 18% and a probability of 30%, 60%, and 10% respectively. Click here to see answer by stanbon(57361)

 Question 212811: \$2,400 principal earning 2%, compounded annually, after 7 years Click here to see answer by checkley77(12569)

 Question 213174: You are choosing between two plans at a discount warehouse. Plan A offers an annual membership fee of \$170 and you pay 30% of the manufacturer's recommended list price. Plan B offers an annual membership fee of \$70 and you pay 80% of the manufacturer's recommended list price. How many dollars of merchandise would you have to purchase in a year to pay the same amount under both plans? What will be the cost for each plan? Click here to see answer by checkley77(12569)

 Question 213161: A dress boutique was trying to sell a formal dress that no one seemed to want. The dress was first marked down by 20% off the original price, but no one bought it. Next, it was marked down 25% more off the first sale price, but still no one would buy it. Finally, it was offered for 30% off the second sale price, and someone purchased it for \$63. What was the original price of the dress Click here to see answer by Alan3354(30993)

 Question 213805: The financial board of a corporation invested \$25,000 overseas, part at 4% and part at 7% annual interest. Find the amount invested at each rate if the first year combined income from the two investments was \$1,300. Click here to see answer by RAY100(1637)

 Question 213866: solve A=P+Prt for P, given that A=\$1120, r=10%, and t=6 years Click here to see answer by ankor@dixie-net.com(15656)

 Question 213841: A video store charges non-members \$4 to rent each video. A store membership costs \$21 and members pay only \$2.50 to rent each video. For what number of videos is the cost the same? Please ONLY write an equation, I would like to solve the problem on my own! Click here to see answer by rfer(12662)

 Question 214471: how can you slove this equation and get answer = .3 Can you explain step by step, thanks (100P-4000)/100P =0.3 Click here to see answer by checkley77(12569)

 Question 214926: please help me solve this word equation: You want to buy a car in 5 years, and estimate that you need about 20,000. If the bank pays you 6% interest rate, how much do you need to put in the bank today? Click here to see answer by Theo(3464)

 Question 215246: John Q. is paid bi-weekly and earns \$1,125 per paycheck. If the payment system at John's work changes to semi-monthly , how much would each of his paychecks now be? Click here to see answer by RAY100(1637)

 Question 215264: really struggling with this ... have done the rest of homework but cant understand when its minus figures of a no. sequence. sequence is 10, 6,2,-2,-6. I have to find the nth term, the 12th term and 27th term. PLease help and possibly explain how its done. Thank you so much. Need it tonight. THank you Click here to see answer by drj(1380)
 Question 215264: really struggling with this ... have done the rest of homework but cant understand when its minus figures of a no. sequence. sequence is 10, 6,2,-2,-6. I have to find the nth term, the 12th term and 27th term. PLease help and possibly explain how its done. Thank you so much. Need it tonight. THank you Click here to see answer by tutor_paul(490)

 Question 215312: 28. Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 4600; 8.73% interest compounded quarterly for 9 years. Click here to see answer by checkley77(12569)

 Question 217730: find loan period using ordinary time May 25 to December 25 Click here to see answer by rfer(12662)