Tutors Answer Your Questions about Finance (FREE)
Question 1178104: A family purchased a house for $240,000.00 with a down payment of $62,500.00
the rest of the purchase in being financed with a $187.500.00 mortgage at 11%.The
closing date for the sale is 10-day before the beginning of the month, which is the
contractual starting date for the mortgage. What will the lender charge for a 10 day
advance?
Note: Show Principal, Rate and Time when solving.
Click here to see answer by Theo(13342)  |
Question 1178200: What nominal rate of interest compounded quarterly is needed to triple a principle in 9 years? (Round your answer to 2 decimal places)
A=P(1+r)^t
4=1(1+r)^9
4=1+r^9
4-1=r^9
3=r^9
I saw this formula online: A=P(1+r)^t. I saw that there are similar problems posted on this site, and I see that they use "log," but I can not find an example that shows the complete steps. Also, do you have to use log to solve this?
Click here to see answer by mananth(16946)  |
Question 1178200: What nominal rate of interest compounded quarterly is needed to triple a principle in 9 years? (Round your answer to 2 decimal places)
A=P(1+r)^t
4=1(1+r)^9
4=1+r^9
4-1=r^9
3=r^9
I saw this formula online: A=P(1+r)^t. I saw that there are similar problems posted on this site, and I see that they use "log," but I can not find an example that shows the complete steps. Also, do you have to use log to solve this?
Click here to see answer by ikleyn(52781)  |
Question 1178221: Identify each example as a discrete random variable or a continuous random variable.
a. the average annual increase in fuel price
b. the number of phone calls made in a day
c. a car's speed at different times
d. the salaries of employees in an office
e. the number of cars passing through a toll both in an hour
Click here to see answer by ikleyn(52781)  |
Question 1178222: ``A game involves rolling a fair six-sided die. If the number obtained on the die is a multiple of three, the player wins an amount equal to the number on the die times $20. If the number is not a multiple of three, the player gets nothing.
How will you model the simulation for the roll of a die?
A. Use the numbers 1 - 20 to represent the numbers rolled when a player wins.
B. Use the numbers 1 - 6 to represent the unfavorable outcomes.
C. Use the numbers 1 - 3 to represent all the outcomes.
D. Use the numbers 1 - 10 to represent the unfavorable outcomes.
E. The problem cannot be solved using a simulation.''.
Click here to see answer by ikleyn(52781)  |
Question 1178293: In an experiment, a person’s body temperature is given by T=310-10(7/9)^n where n is the number of minutes after the start of the experiment and T is the temperature in kelvin (K). What temperature does the body approach after a long time?
a.310
b.300
c.305
d.450
Click here to see answer by ikleyn(52781)  |
Question 1178279: For a certain company, the cost function for producing x items is C(x)=30x+200 and the revenue function for selling x items is R(x)=−0.5(x−110)2+6,050. The maximum capacity of the company is 150 items.
What is the domain of P(x)?
Hint: Does calculating P(x) make sense when x=−10 or x=1,000?
The company can choose to produce either 80 or 90 items. What is their profit for each case, and which level of production should they choose?
Profit when producing 80 items =
Number
Profit when producing 90 items =
Number
Can you explain, from our model, why the company makes less profit when producing 10 more units?
Click here to see answer by ikleyn(52781)  |
Question 1178436: Suppose the interval [1,1] is partitioned into n = 4 subintervals. What is the subinterval length ? List the grid points x0, x1, x2, x3, x4. Which points are used for the left, right, and midpoint Riemann sums?
Click here to see answer by ikleyn(52781)  |
Question 1178437: part of $5,200 is invested at an annual rate of 7 1/2% and remainder is invested at an annual rate 5%. If the total number annual income from these two investments is $350, find the number of dollars invested at the 5% rate.
Click here to see answer by ikleyn(52781)  |
Question 1178463: if three mangoes are taken one after the other from a basket which
contains 10 ripe and 4 unripe mangoes.
(a) What is the probability that you will get 3 ripe mangoes?
(b) What is the probability that you will not get ripe mangoes?
(c) What is the probability that you will get 1 ripe mangoes?
Click here to see answer by Edwin McCravy(20055)  |
Question 1178576: 2. The variance of the probability distribution of the number of personal computers sold daily in the PC world shop is 1.40. This implies that the distribution of the random variable is narrowly concentrated around the _____ since our variance is _____.
Click here to see answer by ewatrrr(24785)  |
Question 1178557: A group of 7 students is made up of 4 females and 3 males. A student is selected from the group to be president and then a second student is selected to be vice president.
the action described above will result in events that are:
a. dependent
b. favourable
c. independent
d. mutually exclusive
Click here to see answer by AwesomeScottB(2)  |
Question 1178680: Jack intends to buy a house for $454700. He intends to make a 25 percent down payment and amortize the remaining balance for 29 years at 9.96 percent interest compounded monthly. How much money would have Michael saved if he amortized the balance for 17 years instead of the original 29 years?
I am not sure how to solve the above question, but I did solve for the information below.
My Work:
I solved the following using the formula P=K[1-(1+i)^(n)/i]
What is his monthly payment? 2999.48
How much will actually be paid for the house? 1157494.04
How much equity does Michael have after 19 years? 227344.95
What would his monthly payments be if Michael amortized the balance for 17 years instead? 3473.95
Click here to see answer by Theo(13342)  |
Question 1178714: The incubation time for Rhode Island red chicks is normally distributed with a mean of 21 days and a standard deviation of approximately 1 day ( based on information from world book encyclopedia). If 1000 eggs are being incubated how many chicks do we expect will hatch:
1. In 20 to 23, days?
2. In 19 to 24 days?
3. In 20 days or fewer?
4. In more than 20 days?
5. In less than 20 days and more than 23 days?
(Assume all eggs eventually hatch).
Click here to see answer by ewatrrr(24785)  |
Question 1178759: Suppose the scores in the mathematics exam are normally distributed. If the exam bhas a mean score of 25, and a standard deviation of 5,what is the probability that if you take the exam you will get a score higher than 30 points?
Click here to see answer by ewatrrr(24785)  |
Question 1178768: Read the problem carefully.Indicate which accounting concept and principles violated.support your answer by giving your analysis.Provide a one whole sheet of paper for your answers.
1.Mr.Camacho,an owner-manager of muscle mass fitness gym bought a motorcycle for personal use. The invoice was given to his accountant who recorded it as an asset of the business.
2.Sweet foods company ordered supplies needed in the assembly line of it's production department.upon order,the supplies immediately recorded as operating expenses.
3.XYZ corporation is an owner of the ABC Gasoline station at the same time an operator of the QRS bus liner.Some of the expenses of QRS Bus liner are reported to the ABC Gasoline station to increase their expenses and minimize their taxes.
4.A heavy duty stapler purchased at a cost of ₱500. This was recorded as an asset and a depreciation expense to decrease it's value by ₱50 per year for 10 years.
5.In the balance sheet of Japon Surplus, an equipment purchased from japan for 200,000 yen was reported while all other assets were reported in Philippines peso.
Click here to see answer by ikleyn(52781)  |
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