SOLUTION: Do appreciate your assistance for me to understand Q1. A company is selling product x, which has demand function of p=52-2x and the total cost function of TC= 3x^2 + 2x +10. Th

Question 481792: Do appreciate your assistance for me to understand
Q1. A company is selling product x, which has demand function of p=52-2x and the total cost function of TC= 3x^2 + 2x +10. The marginal revenue and marginal cost functions are?
Q2. How long will it take $10,000 to grow to $14,000 if it is invested at annual rate of 6% compounded monthly?
Q3. Jay wishes to purchase a new car in 3 years. He estimate that he will need $20,000 for the down payment. How much should he invest in a saving account now so that he will be able to do this? The bank pays 8% compounded quarterly.
Q4. A simple mortgage of $50,000 has to be repaid by equal quarterly installments in arrears over 25 years at an interest rate of 10% per annum compounded quarterly. What is the amount of each quarterly installment?
Q5. A man agrees to pay $450 per month for 48 months to pay off a car loan. Is interest of it is charged at 12% compounded monthly, how much did the car originally cost?
Answer by dafi79(1) (Show Source): You can put this solution on YOUR website!

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