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Tutors Answer Your Questions about Money Word Problems (FREE)
Question 148918: For Monday mornings staff meeting, Jim bought 2 bags of bagels and 3 packages of cream cheese and paid $9.75 (excluding sales tax). For Fridays meeting, he bought 4 bags of bagels and 2 packages of cream cheese and paid $12.50 (again, excluding sales tax). How much do bags of bagels and packages of cream cheese cost?
Click here to see answer by mangopeeler07(450)   |
Question 150105: Pamela works at the stock exchange buying and selling shares for different international and local companies on behalf of her client. She needs to be able to convert quickly from one currency to another, and uses either a calculator or a linear graph to obtain her information.
If $20 in Australian currency converts to $10.50 in American (or US) currency, draw up a graph showing the relationship between the two currencies. (Hint: What is $A0.00 equivalent to in $US?)
Click here to see answer by stanbon(26249) |
Question 150445: Maybe I have solved it will you see if I ave done it correctly? I need help.
Investing in stocks-US small companystocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula...P=A(1+r)^n...
to find the amount invested today in small company stocks that would be worth $1million in 50 years, assuming that small company stocks continue to return 14.95% annually for the next 50 years.
this is not exactly the given formula but........
F=P(1+(r/n))^nt
1000000=P(1+.149/1)^50
1000000=P(1.149)^50
=1000000/(1.149)^50
=1000000/1037.531843
=$963.83 = amount to invest
Please help this old grandma trying to learn math.
Thanks
Click here to see answer by vleith(1977) |
Question 150359: --------------------------------------------------------------------------------
Investing in stocks.. US small company stocks have returned an average of 14.9% annually for the last 50 years. Use the present value formula from the previous exercise to find the amount invested today in small company stocks that would be worth $1 million in 50 years, assuming that small company stocks continue to return 14.9% annually for the next 50 years.
The previous question (present value) P=A(1+r)^-n the present value P that will amount to A dollars in n years with interest compounded annually at an anual interest rate r, is given by P=A(1+r)^-n
Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.
Thanks for any light you can shed on this. I don't know where to begin and I need to show how I did it. Sheryl
Click here to see answer by stanbon(26249) |
Question 150545: A stamp collection consists of 3,8, and 15 stamps. The number of 8 cent stamps is one less than triple the number of 3 cent stamps. The number of 15 cent stamps is six less than the number of 8 cent stamps. The total value of all the stamps is $2.47. Find the number of 8 cent stamps in the collection.
Click here to see answer by mangopeeler07(450) |
Question 150607This question is from textbook 
: Lucy has some money invested at 18% annual interest and three times as much invested at 12%. Her total annual income from the two investments is 2200pesos. How much was invested at each rate?This question is from textbook
Click here to see answer by josmiceli(3003) |
Question 150590: Carol has received a loan of 50000pesos. She has invested part of it at 10% annual interest and the remaining amount at 14%. If she receives 6400pesos at the end of one year, how much has she invested at each rate?
Click here to see answer by checkley77(7032) |
Question 150748This question is from textbook Elementary and Intermediate Algebra
: This is a tough one and we would greatly appreciate it if you could help us solve this one...please..
Question 93: Investing in treasury bills. An investment advisor uses the polynomial P(1+r)^10 to predict the value of a clients investment of P dollars
with an average anual return r. The accompanying graph shows historic average annual returns for the last 20 years for various asset classes. Use the historical average return to predict the value in 10 years of an investment of $10,000 in treasury bills.
I can't put the graph in but I can tell you about it
the numbers on the left go vertically from 0 up to 20 on the left . There are four vertical bars#1 is large company stocks it goes up to 16.7% #2 is long term corporate bonds it goes up to 10.3%, #3 US treasury bills ,goes up to 7.3%, and #4 inflation goes up to 3.4%.
Question 94:
How much more would the investment in Exercise 93 be worth in 10 years if the client invests in large company stocks rather than the U.S. Treasury bills?
This question is from textbook Elementary and Intermediate Algebra
Click here to see answer by vleith(1977) |
Question 151125: A high school class wants to raise money by recycling newspapers. The class decided to rent a trcuk at a cost of $150 for the week. The market price for recycled newspapers is $15 per ton. Write an equation representing the amount of money the class will make based on the number of tons of newspapers collected. Please explain how to do this problem!
Click here to see answer by stanbon(26249) |
Question 151211This question is from textbook 
: 102. Diversification. Helen has 1/5 of her portfolio in U.S. stocks, 1/8 of her portfolio in European stocks, and 1/10 of her portfolio in Japanese stocks. The remainder is invested in municipal bonds. What fraction of her portfolio is invested in municipal bonds? What percent is invested in municipal bonds? (Be sure to write the fraction in correct form.)
M = municipal bond fraction
m = % municipal bonds
This question is from textbook
Click here to see answer by checkley77(7032) |
Question 151268: I am completely stuck; please help me. Thank you!
Mike invested $6000 for one year. He invested part of it at 9% and the rest at 11%. At the end of the year he earned $624 in interest. How much did he invest at each rate?
Click here to see answer by mducky2(55) |
Question 151274: a) Kareena invested an amount of money at an interest rate of 4.5% per year. After one year, she received 117 dollars interest. Work out the amount of money kareena invested.
b) Ravi invested an amount of money at an interest rate of 4% per year. At the end of one year, interest was added to his account and the total amount in his account was 3328 dollars. Work out the amount of money Ravi invested.
Click here to see answer by vleith(1977) |
Question 151698: Jenny wants to utilize a portion of her garden for growing flowers. Being a designer herself, she visualizes a triangular area with different lenghts for each side. For this Jenny decides to keep a side of the triangular area 6 feet shorter and the other 5 feet longer than the third side. She also wants to restrict the perimeter of the triangular area to 29 feet, so that it does not cover a huge area of the garden. Determine the lenght of each side of the triangular area that Jenny has visualized.
Click here to see answer by jojo14344(1483) |
Question 151706: Sandy has $3.75 in change. She has 3 more quarters than dimes but twice as many nickles as quarters. Express the given information as an algebraic expression and simplify. You are not required to solve the problem.
Click here to see answer by jojo14344(1483) |
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