Tutors Answer Your Questions about Finance (FREE)
Question 1123466: An account earns 5% interest for t years. The initial deposit (principal) P needed to obtain a future value (amount in the account) S is given by the formula: P=S(1.05)^-t.
1. Write the equation to find the principal required to accrue $1500 after 6 years. Use a negative exponent.
Click here to see answer by solver91311(24713)  |
Question 1123688: J, M, and T are events such that T⊂J⊂M and Pr(J)=2132 , Pr(M)=2332, and Pr(T)=1132.
What is Pr(M∩T′)?
What is Pr(M∪T′)?
What is Pr((T′∩J)∪M′)?
Enter your answers as a whole number or a fraction in lowest terms.
Click here to see answer by ikleyn(52781)  |
Question 1123689: Every Monday, James has a math class and a biology class. The probability that he will skip his math class is 0.24, while the probability he will skip his biology class is 0.11. If the probability he will attend both classes is 0.69, what is the probability he will skip both classes?
Click here to see answer by ikleyn(52781)  |
Question 1123923: Miguel consumes an energy drink that has 200 mg of caffeine in it and the caffeine leaves his body at a rate of 13.6% per hour. (Assume Miguel has no caffeine in his body when consuming the drink.)
a.Write a function f that determines the number of mg of caffeine in Miguel's body in terms of the number of hours t since Miguel consumed the energy drink.
b. How many mg of caffeine is left in Miguel's body 5 hours after he consumed the energy drink?
c. If Miguel has 80 mg of caffeine left in his body, how many hours have elapsed since he consumed the energy drink? (Hint: it might help to use a graphing calculator.)
Click here to see answer by josmiceli(19441)  |
Question 1123921: Your friend Austin decided to invest in real estate. He purchased a house that was worth $181,000, and the value of the house increased by 10% each year for the next several years.
a. The value of the house any given moment is what percent of the value of the house exactly one year prior?
b. What number do we have to multiply the house's value by to determine the house's value one year later?
c. Write a function f that determines the value of the house (in thousands of dollars) in terms of the number of years t since Austin purchased the house.
Click here to see answer by josmiceli(19441)  |
Question 1123949: A pretzel factory has a daily fixed cost of $2700. In addition, it cost 20 cents to produce each bag of pretzels. A bag of pretzels sells for $1.30
a.)find the for the cost function c(x) that gives the Total daily cost of producing x bags of pretzels
B.)find the rule of the revenue function r(x) that gives the daily revenue from selling x bags of pretzels
C.)find the rule of profit function p(x) that gives the daily profit from x bags of pretzels
Click here to see answer by josmiceli(19441)  |
Question 1123928: In a study by the Department of Transportation, there were a total of 115 drivers that were pulled over for speeding. Out of those 115 drivers, 45 were men who were ticketed, 30 were men who were not ticketed, 20 were women who were ticketed, and 20 were women who were not ticketed. Suppose one person was chosen at random.
What is the probability that the selected person is someone who was not ticketed, given it is a woman?
What is the probability that the selected person is someone who was not ticketed, given it is a man?
Enter your answers as whole numbers or fractions in lowest terms.
Click here to see answer by ikleyn(52781)  |
Question 1123918: Jeremy invested some money in a company's stock. Luckily for Jeremy, the company became very popular and the value of Jeremy's investment this morning is 7 times as large as the value of his investment yesterday morning.
a. The value of Jeremy's investment this morning is what percent of the value of his investment yesterday morning?
b. By what percent did the value of Jeremy's investment change by from yesterday morning to this morning?
Click here to see answer by Theo(13342)  |
Question 1123930: A box contains eight chocolates -- four with pecans, three with coconut, and one with raspberry creme. Harley Quinn eats three of the chocolates, chosen randomly. If it is known that at least one of the ones she eats has coconut, what's the probability that exactly one of them has coconut?
Enter your answer as a fraction in lowest terms
Click here to see answer by Alex.33(110)  |
Question 1123920: Erica is considering job offers from two companies. Company A offered her a starting salary of $53,000 with a $2100 raise at the end of each year. Company B offered her a starting salary of $53,000 with a 3.2% raise at the end of each year.
Let f(t) represent Erica's salary at Company A t years after accepting a position at Company A, and let g(t) represent Erica's salary at Company B t years after accepting a position at Company B.
a. Write the function formula for f.
b. Write the function formula for g.
Click here to see answer by ikleyn(52781)  |
Question 1123924: The population of City A in 2000 was 60 thousand people and the population increased by 13% each year. The function f determines the population of this city (in thousands of people) in terms of x.
a. Write a function formula for f
b. The population of City B in 2000 was 60 thousand people and the population increased by 17% each year. The function g determines the population of this city (in thousands of people) in terms of x.
c. Write a funtion formula for g.
d. The population of City C in 2000 was 60 thousand people and the population increased by 10 thousand people each year. The function h determines the population of this city (in thousands of people) in terms of x.
e. write a function formula for h.
Click here to see answer by josgarithmetic(39617) |
Question 1124114: If you had 20 rabbits. After six months the number of rabbits had increased to 100. If the number of rabbits increased exponentially, then
How many rabbits will you have at the end of one year? (Hint: consider the general exponential model y=ab^(x))
Click here to see answer by rothauserc(4718)  |
Question 1124095: F and G are independent events in sample space S. If Pr(F)=0.45 and Pr(G)=0.6,
find the probability of each of the following events.
What is Pr(F∩G)?
What is Pr(F′∩G′)?
What is Pr(F′|G′)?
Enter your answers as whole numbers or decimals.
Click here to see answer by AnlytcPhil(1806)  |
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