Tutors Answer Your Questions about Finance (FREE)
Question 249163: a person invests $20000 partly at 5%, partly at 6% and partly at 6.5%. the total interest is $1170. three times of the amount invested at 6% equals the amount invested at 5% and 6.5% combined. how much is invested in each?
Click here to see answer by stanbon(57967)  |
Question 250049: How Do You Do This ? I Have No Clue And May You Please Give Me The Awnser I Have To Do 8 More Of These. What Is A Guess And Check Table?
On Her Tour Of The World, Mrs. Poppington Stopped In Chicago. The Tallest Building In Chicago Is The Sears Tower. A Clever Tour Guide Posed This Problem 417 Is 23 Less Than 4 Times The Number In The Story In The Sears Tower. How Many Stories Does The Tower Have? Use Guess And Check Table
Click here to see answer by Theo(3504)  |
Question 251054: Sunil earns $375 in interest from 1 year investments. He invested some money in account earning 6% simple interest and he deposited $2,000 more than that amount in an account paying 5% simple interest. How much did Sunil invest in each account?
Click here to see answer by richwmiller(9144)  |
Question 251273: for the following problems, determine how many years it will take for the two accounts the reach the same amount.
a $1000 investment at a rate of 3% compounded monthly and an $1100 investment at a rate of 3.02% compounded annually.
a $2000 investment at a rate of 4%compounded continuously and a $3000 investment at a rate of 5% compounded monthly
Click here to see answer by Theo(3504) |
Question 251753: snookers Lumber can convert logs into either lumber or plywood. In a given day, the mill turns out three times as many units of plywood as lumber. it makes a profit of $20 on a unit of lumber and $50 on a unit of plywood. How many of each unit must be produced and sold in order to make a profit of $17680?
Snookers Lumber must produce and sell _ units of lumber and _ units of plywood to make a profit of $15680.
A disc jockey must play 12 commercial spots during 1 hour of a radio show. Each commercial is either 30 seconds or 60 seconds long. If the total commercial time during 1 hour is 8 min, how many 30-second commercials were played that hour? How many 60-second commercials?
Click here to see answer by stanbon(57967) |
Question 251881: If the interest is zero, the future value interest factor equals
a. -1
b. 0
c. 1
d. 2
I choose b.; because according to the future value interest factor table interest starts at 1%. Can you tell me if this is correct? Also if the answer is different can you show solution step by step?
Click here to see answer by solver91311(17077)  |
Question 252856: Determine the amount of each payment to be made to a sinking fund in order that enough money will be available to pay off the following loan. $29,000 loan, money earns 12% compounded annually, 42 months.
Click here to see answer by Theo(3504) |
Question 252920: At the end of each three months Laura puts $200 into an account which pays 10% compounded quarterly. After 10 years she discontinues the payments but leaves the total amount in the account to collect interest for 2 more years. Determine the balance in the account at the end of 12 years.
Click here to see answer by drk(1908) |
Question 253065: . A corporation may obtain a machine either by leasing it for 6 years (the useful life) at an annual rent of $3,300 or by purchasing the machine for $12,000. Which alternative is preferable if the corporation can invest money at 8% per annum?
Click here to see answer by Theo(3504) |
Question 253065: . A corporation may obtain a machine either by leasing it for 6 years (the useful life) at an annual rent of $3,300 or by purchasing the machine for $12,000. Which alternative is preferable if the corporation can invest money at 8% per annum?
Click here to see answer by richwmiller(9144) |
Question 253063: An alumnus wants to set up a trust (which earns 9% interest compounded semiannually) to provide a grant to his alma mater of $10,000 every six months, beginning six months from now, for six years. How much should be deposited in the trust?
Click here to see answer by hokies(65)  |
Question 253432: Karen rented a car for the weekend in order to take her grandmother to visit relatives. the charge was a fixed rate of $15.00 plus $0.35 per mile. Karen wants to spend no more that 125.00 to rent the car? which is the
greatest number of miles she can drive?
Click here to see answer by richwmiller(9144) |
Question 253430: Karen rented a car for the weekend in order to take her grandmother to visit relatives. the charge was a fixed rate of $15.00 plus $0.35 per mile. Karen wants to spend no more that 125.00 to rent the car?
Click here to see answer by Theo(3504) |
Question 253302: The population of a local high school has grown over the past three years from 7,054 to 7,741 students. What has been the rate of increase over that time period? Use the equation A = P(1 + r)t to model the growth where A is the population at the end of a specific length of time, P is the initial population, r is the rate of growth expressed as a decimal, and t is the time in years. Round to the nearest hundredth of a percent
Click here to see answer by nerdybill(7008)  |
Question 253490: An alumnus wants to set up a trust (which earns 9% interest compounded semiannually) to provide a grant to his alma mater of $10,000 every six months, beginning six months from now, for six years. How much should be deposited in the trust?
Click here to see answer by richwmiller(9144) |
Question 253676: The temperature at the top of Mt. Washington one morning was -10 Fahrenheit. The conversion formula for changing degrees Fahrenheit to celsius is c= 5(F-32).
-
9
which is closest to the temperature in degrees celsius?
Click here to see answer by Alan3354(31532)  |
Question 253828: ruth borrowed $2000, part from each of rwo different sources, for a 6-month period. one charged 6% interest and the other 8%. When paid them off, she paid a combined total of $68 interest. How much did she borrow at each rate?
Click here to see answer by richwmiller(9144) |
Question 253673: At a firefights' pankcake breakfast, the firefighters raised $1,395.00 by serving 345 people. The cost of an adult's ticket (a) to the pancake breakfast, was $5.00 and the cost of a child's ticket (c) to the breakfast was $3.00. Which was the number of adult tickets sold?
Click here to see answer by checkley77(12569) |
Question 253670: Mrs. Allan is ging to buy markers and crayons for 17 students in her kindergarten class. She has $62.00 to spend for the markers and crayons. Markers cost $2 for each box and crayons cost $3 for each box. Allan decides to buy seven boxes of markers. what is the greatest number of boxes of crayons she can buy, not including tax?
Click here to see answer by checkley77(12569) |
Question 255012: A grade 11 class, on a field trip to Montreal, had lunch in a restaurant. The bill came to $239.25. Four students had birthdays that day, and it was agreed that these four should not have to pay for lunch. The other students had to pay $1 more than if all students had paid. How many students had lunch?
I know that the answer is 33 children ate on the trip and that 29 paid. The 29 that paid, had to pay 8.25 each. If all the children paid then each would have paid 7.25. I found this answer through trial and error, but can not find what the equation should be to get this answer. If you could help I would be very greatful. Thanks so much.
Click here to see answer by Theo(3504) |
Question 255012: A grade 11 class, on a field trip to Montreal, had lunch in a restaurant. The bill came to $239.25. Four students had birthdays that day, and it was agreed that these four should not have to pay for lunch. The other students had to pay $1 more than if all students had paid. How many students had lunch?
I know that the answer is 33 children ate on the trip and that 29 paid. The 29 that paid, had to pay 8.25 each. If all the children paid then each would have paid 7.25. I found this answer through trial and error, but can not find what the equation should be to get this answer. If you could help I would be very greatful. Thanks so much.
Click here to see answer by ankor@dixie-net.com(15746)  |
Question 255129: My retirement pension at 62 will be $689/month. My retirement pension at 65 will be $771/month. What formula do I use to determine how many months it will take before the total amount of pension received is equivalent between the two options?
Click here to see answer by richwmiller(9144) |
Question 255136: what is the slope between (1997, 1.26) and (2006, 2.31)
y=0.15x+0.79
The year 1997 would be represented by x=1 for example as it is the first year in the study. Similarly, 2005 would be year 9, or x=9
what year would be represented by x=4
What x value represents the year 2018
Click here to see answer by richwmiller(9144) |
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