|
Tutors Answer Your Questions about Finance (FREE)
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(2683)   |
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 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(2683) |
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 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(5072)  |
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 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(3382)  |
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) |
|
Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855
|
| |
