Tutors Answer Your Questions about Finance (FREE)
Question 1181270: Jake borrowed $2000 from a bank for 9 months. The bank discounted the loan at 3.4% What is the loan's discount? What is the net amount of money Jake receives? What is the loan's actual rate of interest? (To the nearest hundredth of a percent)
Click here to see answer by ikleyn(52781)  |
Question 1181269: Joseph borrowed $1700 on a 3.3% discounted loan for a period of 12 months. What is the loan's discount? What is the net amount of money Joseph receives? What is the loan's actual rate of interest? (To the nearest hundredth of a percent)
Click here to see answer by ikleyn(52781)  |
Question 1181319: A newscaster earns $25,600 and wants to invest 10% of his/her monthly salary to save for retirement in 36 years. If he/she invests this money at 3.6% compounded monthly, how much money will he/she have at retirement?
Click here to see answer by mananth(16946)  |
Question 1181332: Suppose you have $5300 deposited in an account with interest compounded weekly. After 5 years, the account has grown to $7100. What is the interest rate on this account? (Round your answer to the nearest hundredth of a percent)
Click here to see answer by ikleyn(52781)  |
Question 1181378: I have one more question. Could you please show the steps?
A positive integer is 5 less than another. If the reciprocal of the smaller integer is subtracted from twice the reciprocal of the larger, then the result is 7/204. Find the two integers.
Click here to see answer by mananth(16946)  |
Question 1181391: If n=29, ¯x(x-bar)=45, and s=17, construct a confidence interval at a 99% confidence level.
Assume the data came from a normally distributed population.
Give your answers to one decimal place.
___ < μ < __
Click here to see answer by Boreal(15235)  |
Question 1180908: A.Identify which situations below represents one-to-one function.
1. The relation of pairing a student to its I.D. number.
2. The relation of pairing a person to its address.
3. The relation of pairing a person to its sibling.
4. The relation of pairing a president to its country.
Click here to see answer by Solver92311(821)  |
Question 1181603: Given a>b>c>0, the function f(x)= x(x-a)(x+b)(x-c) is less than or equal to zero on the intervals
a. (-∞, -b), [0,a] and [c,∞)
b (-∞,-b], [0,c] and [a,∞)
c. [-b,0] and [c,a]
d.[-a,-c] and [0,b]
Click here to see answer by greenestamps(13200)  |
Question 1181617: Julia and Shreya are selling flower bulbs for a school fundraiser. Customers can buy packages of
tulip bulbs and packages of crocus bulbs. Julia sold 1 package of tulips bulbs and 1 package of
crocus bulbs for a total of $24. Shreya sold 10 packages of tulip bulbs and 2 packages of crocus
bulbs for a total of $136. Find the cost each of one package of tulips bulbs and one package of
crocus bulbs.
Click here to see answer by josgarithmetic(39617) |
Question 1181617: Julia and Shreya are selling flower bulbs for a school fundraiser. Customers can buy packages of
tulip bulbs and packages of crocus bulbs. Julia sold 1 package of tulips bulbs and 1 package of
crocus bulbs for a total of $24. Shreya sold 10 packages of tulip bulbs and 2 packages of crocus
bulbs for a total of $136. Find the cost each of one package of tulips bulbs and one package of
crocus bulbs.
Click here to see answer by mananth(16946)  |
Question 1181602: Given a>b>c>0, the function f(x)= x(x-a)(x+b)(x-c) is less than or equal to zero on the intervals
9
a. (-∞, -b), [0,a] and [c,∞)
b (-∞,-b], [0,c] and [a,∞)
c. [-b,0] and [c,a]
d.[-a,-c] and [0,b]
Click here to see answer by MathLover1(20849)  |
Question 1181686: You would like to have $9000.00 in 8 years for a special vacation following graduation by making deposits at the end of each week in an annuity that pays 5% compounded weekly. How much money should you deposit at the end of every week? (Do not round until final answer, and then round up to the next penny.) How much of the $9000.00 comes from deposits and how much comes from interest?
Click here to see answer by ikleyn(52781)  |
Question 1181721: A certain retailer increases wholesale prices by 36%. If this retailer offers a 25% discount off the ticket price, what percent profit will the retail realize? The realized profit is the amount of money remaining after paying off the wholesale prices. In this case, it should be expressed as a percent of the wholesale price. The following questions are to help you better understand the final solution. Let's assume the wholesale price for our item is $900. 3. How much do you have to pay for the item? 4. How much profit does the retailer make (in $)? 5. What is the percent profit? (Note: enter as percent,not as a decimal value.)
Click here to see answer by Theo(13342)  |
Question 1181745: Suppose you have $2500 in your savings account at the end of a certain period of time. You invested $1700 at 6.75% simple annual interest rate. How long in years was your money invested? (State your result to the nearest hundredth of a year.)
Click here to see answer by Solver92311(821)  |
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