Tutors Answer Your Questions about Finance (FREE)
Question 1135817: Arnold Brown has a Visa Card with an annual percentage rate of 19.2%. The unpaid balance for his June billing cycle is $1,376.64. During the billing cycle, he purchased a printer cartridge for $47.35, books for $298.56 and gasoline for $16.05. He made a payment of $1,200. If the account applies the unpaid balance method, what are the finance charge and the new balance?
(Round to the nearest cent as needed.)
Click here to see answer by Theo(13342)   |
Question 1135816: Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8% interest rate per month on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $129.70 a payment of $30 posted on March 12, and a purchase of $25.80 posted on March 21. The billing cycle ends on March 31
Type an integer or decimal rounded to the nearest hundredth as needed.)
Click here to see answer by Theo(13342) |
Question 1135814: John Smith has a credit card that charges 15% annual interest on the monthly average daily balance for the billing cycle. The current billing cycle has 30 days. For 14 days his balance was $2,536.42. For 7 days the balance was $1,536.42 9 days the balance was $1,835.63. Find the average daily balance. Find the amount of interest.(Round to the nearest cent as needed
Click here to see answer by Theo(13342) |
Question 1135961: Hi, my son needs help with this problem, can you please show me how to do it and answer. Thanks Lorrie.
For each pair of numbers, tell: By what percent of the first number is the second number larger? By what percent of the second number is the first number smaller?
20 and 25
Click here to see answer by josgarithmetic(39617) |
Question 1135961: Hi, my son needs help with this problem, can you please show me how to do it and answer. Thanks Lorrie.
For each pair of numbers, tell: By what percent of the first number is the second number larger? By what percent of the second number is the first number smaller?
20 and 25
Click here to see answer by ikleyn(52781)  |
Question 1135960: Suppose that you start working for a company at age 25. You are offered two rather unlikely, but quite enticing, retirement plans from which you are allowed to choose one. [Round all answers to the nearest dollar.]
Retirement plan 1: When you retire, you will receive $16,000 for each year of service.
Retirement plan 2: When you start work, the company deposits $2500 into a savings account that is guaranteed to pay a yearly rate of 18%. When you retire, the account will be closed and the balance given to you.
A. Determine the amount you would receive under plan 1, if you retired at age 55.
$
B. Determine the amount you would receive under plan 1, if you retired at age 65.
$
C. Determine the amount you would receive under plan 2, if you retired at age 55.
$
D. Determine the amount you would receive under plan 2, if you retired at age 65
Click here to see answer by Theo(13342) |
Question 1136346: The horizontal distance that a projectile will travel in the air is given by the equation Upper R=v Subscript 0 Superscript 2 Baseline sine left (2theta) Over g,
where v 0 is the initial velocity of the projectile, theta is the angle of elevation, and g is the acceleration due to gravity (9.8 meters per seconds squared).
Use the information to answer the following questions.If you can throw a baseball with an initial speed of 33.3 meters per second, at what angle should you direct the throw so that the ball travels a distance of 107 meters before striking the ground?
Click here to see answer by Alan3354(69443)  |
Question 1136346: The horizontal distance that a projectile will travel in the air is given by the equation Upper R=v Subscript 0 Superscript 2 Baseline sine left (2theta) Over g,
where v 0 is the initial velocity of the projectile, theta is the angle of elevation, and g is the acceleration due to gravity (9.8 meters per seconds squared).
Use the information to answer the following questions.If you can throw a baseball with an initial speed of 33.3 meters per second, at what angle should you direct the throw so that the ball travels a distance of 107 meters before striking the ground?
Click here to see answer by ikleyn(52781) |
Question 1136379: Water initially at 200F. is left in a room of temperature 60F to cool.
After t minutes, the temperature T of the water is given by
T(t) = 60 + 140e^ - 0.096t.
Find the temperature of the water 20 minutes after it is left to cool. (Round to the nearest tenth of a
degree.)
Click here to see answer by greenestamps(13200)  |
Question 1136389: A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizza and 7 soft drinks for $34.49. The second group bought 5 slices of pizza and 5 soft drinks for $22.40. How much does one slice of pizza cost?
Click here to see answer by ikleyn(52781) |
Question 1136386: The neighborhood bookstore sells novels for $6.95 per unit. The cost to purchase one book is $3.95. The store has fixed costs per month of $1800. The store estimates that it can sell 1000 books every month. How many books does it need to sell to break even?
Click here to see answer by Boreal(15235)  |
Question 1136545: The pear company sells pPhones. The cost to manufacture x pPhones is C(x)=-23x^2+50000x+20461 dollars (this includes overhead costs and production costs for each pPhone). If the company sells x pPhones for the maximum price they can fetch, the revenue function will be R(x)=-26x^2+128000x dollars.
How many pPhones should the pear company produce and sell to maximize profit? (remember that profit = revenue - cost)
Not sure how to solve this question. I could use some guidance on this problem... thank you. This is written by my professor.
Click here to see answer by Theo(13342) |
Question 1136576: A math teacher offers to assign 1 second of homework the first week of school, 2 seconds the second week, 4 seconds the third week & so on....if the amount of homework doubles every week is this something you would agree to for the duration of the 36 weeks school year?
Write a recursive & explicit formula for the situation described, let us defined week 1 as n=0
How many hours would you be spending on homework at the end of 36 weeks (n=35) would you agree to this?
Click here to see answer by ikleyn(52781) |
Question 1136576: A math teacher offers to assign 1 second of homework the first week of school, 2 seconds the second week, 4 seconds the third week & so on....if the amount of homework doubles every week is this something you would agree to for the duration of the 36 weeks school year?
Write a recursive & explicit formula for the situation described, let us defined week 1 as n=0
How many hours would you be spending on homework at the end of 36 weeks (n=35) would you agree to this?
Click here to see answer by josmiceli(19441)  |
Question 1136695: Given the equation y=35(0.57)^x
(a) Does this equation represent growth or decay?
(b) What is the rate of growth or decay?
(c) What is the initial value
(d) Evaluate for x=3
(I can tell it is decay, but for the rest I am lost)
Click here to see answer by MathLover1(20849)  |
Question 1136768: Colby and Trey went shopping at a back-to-school sale where all the t-shirts were the same price, and all of the shorts were the same price. Kima and Tiarra decided to buy hats and socks whose prices were also the same. Colby spent $209 on 9 new shirts and 9 pars of shorts. Trey purchased 6 shirts and 2 pairs of shorts and paid a total of $86.
Write equations that represent the cost of each shirt and pair of shorts for Colby and Trey. Then find out how much each article of clothing cost.
Click here to see answer by ikleyn(52781) |
|
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, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560
|
