Questions on Algebra in Finance answered by real tutors!

Tutors Answer Your Questions about Finance (FREE)

Question 1182213: Mr. Gong bought his car for $24 000 exactly 10 years ago. Each year, the value of his car decreases by 10% from the year before. How much is his car worth today?
$ 1 693.63
$ 2 400.00
$ 8 368.28
$ 0.24
Click here to see answer by ankor@dixie-net.com(22740)

Question 1182216: You decide to make regular deposits every month into an account that earns 4% annual interest, compounded monthly. You hope to have $47000 at the end of 18 years. What is the amount of the regular payment you need to make?
Click here to see answer by Boreal(15235)

Question 1182214: You apply for a $1100 loan, which you plan to repay in 5 years. You are told by the loan officer that the amount payable when the loan is due is $2700. What rate of interest, compounded bi-weekly, are you being charged? Round answers to 2 decimal places.
Click here to see answer by Boreal(15235)

Question 1182306: . Of all fractions with a denominator of 17 and a whole number numerator, how many are
between
1/3 and 2/3?
Click here to see answer by Boreal(15235)

Question 1182325: Find value of A of the function f(x) = A(2-x)(x-5) whereas the range is given
as 2 < X < 5.

Click here to see answer by ikleyn(52781)

Question 1182272: You apply for a $1100 loan, which you plan to repay in 5 years. You are told by the loan officer that the amount payable when the loan is due is $2700. What rate of interest, compounded bi-weekly, are you being charged? Round answers to 2 decimal places.
Click here to see answer by Theo(13342)

Question 1182344: Find the final amount of money in an account if P3 ,500
is deposited at 3% interest compounded annually and the money is left for 5
5years.

Click here to see answer by mananth(16946)

Question 1182343: A store was purchased for 725,000 and the buyer made a 10% down payment. The balance was financed with a 6.35% loan for 27 years. Find the monthly payment.
Click here to see answer by mananth(16946)

Question 1182407: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.
5.42%compounded monthly
I=%per month
Click here to see answer by Alan3354(69443)

Question 1182419: What is the APY for money invested at each rate?
A 15% compounded quarterly
B 13% compounded continuously
A APY=
Click here to see answer by Alan3354(69443)

Question 1182420: How long will it take $3,000 to grow to $14,000 if it is invested at 5% compounded monthly?
How many years?
Click here to see answer by mananth(16946)

Question 1182421: How many years will it take for an initial investment of $40,000 to grow to $60,000. Assume a rate of interest of 15% compounded continuously.
How many years would it take for the investment to grow to $60,000?
Click here to see answer by ikleyn(52781)

Question 1182415: If $5000 is invested at 7% compounded continuously, what is the amount after 4 years?
Click here to see answer by ikleyn(52781)

Question 1182408: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period. Assume a 365 day year.
14.2%compounded daily
I=%
Click here to see answer by ikleyn(52781)

Question 1182413: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period, find r, the annual rate.
1.475%per quarter
R=%

Click here to see answer by ikleyn(52781)

Question 1182411: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period. Assume a 365 day year.
14.2%compounded daily
I=%?
Click here to see answer by ikleyn(52781)

Question 1182406: Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.
I=
4.4%compounded quarterly
Click here to see answer by ikleyn(52781)

Question 1182414: If $7,000 is invested at 4% compounded quarterly, what is the amount after 8 years?
The amount after 8 years will be$
Click here to see answer by ikleyn(52781)

Question 1182410: Given the rate per compounding period, find r, the annual rate.
0.45%per month
R=%
Click here to see answer by ikleyn(52781)

Question 1182409: Given the rate per compounding period find r, the annual rate.
4.95% per half-year
R=%

Click here to see answer by ikleyn(52781)

Question 1182416: An investment company pays 9% compounded semiannually. You want to have $21,000 in the future.
How much should you deposit now to have that amount 5 years from now?
Click here to see answer by josgarithmetic(39617)

Question 1182345: (Amortization) A store was purchased for P725,000 and the buyer made a 10% down payment. The balance was financed with a 6.35% loan for 27 years. Find the monthly payment.
Click here to see answer by greenestamps(13200)

Question 1182427: 1. A firm that manufactures tires would like to determine whether the machine that produces these tires is still in good condition. The average diameter of these tires should be 36 inches to fit most of the car models. To check the machine, a sample of 100 tires were measures and showed a mean diameter of 36.8 inches with standard deviation of 1.83 inch. Should the manufacturer change the machine? Use a 10% level of significance
Thanks in advance!
Click here to see answer by Theo(13342)

Question 1182429: 3. A manufacturer packs sugar into plastic bags . Each bag is to hold 5 kgs whenever the production is under control. At one period, a sample of 17 bags was taken to check the process and was to found to weigh 5.6 kgs with SD of 0.75 kgs. Is the manufacturing process under control? Use 𝛼=0.01
Thanks in advance!

Click here to see answer by Boreal(15235)

Question 1182430: For a sample of 16 Philips light bulbs, the mean lifetime is 1250 hours with a standard deviation of 250 hours. For sample of 12 Liwanag light bulbs, the mean lifetime is 1400 hours with standard deviation of 300 hours. Use a 0.01 level of significance to test whether or not there is a significant difference between the average lifetimes of the two brands of light bulbs.
Thanks in advance!
Click here to see answer by Boreal(15235)

Question 1071755: If a fractal object requires N = 4 copies to construct a version scaled up by a factor of S = 2, what is the dimension of the object?
Click here to see answer by racefan75(1)

Question 1182475: Can you please help with the homework.
1. A man travels 180km from his farm to town in a loaded truck.on the return journey he is able to travel 30km/h faster having unloaded his produce in town.He saves one hour on the return journey by travelling faster.
1.1.1.calculate the speed of the truck to town
1.1.2. Calculate the speed of the truck from town.
Click here to see answer by mananth(16946)

Question 1182498: Andrew borrowed PhP 25,000.00 and agrees to repay the loan by level monthly installments for 10 months at 8.4% interest convertible monthly. Construct a loan amortization schedule for this loan.
Click here to see answer by Theo(13342)

Question 1182520: Four teams play in a soccer tournament. Each team plays one game against each of the other three teams. Teams earn 3 points for a win, 1 point for a draw and 0 points for a loss. After all the games have been played, one team has 6 points, two teams have 4 points and one team has 3 points. How many games ended in a draw?
Click here to see answer by greenestamps(13200)

Question 1182525: Find the area under the standard normal curve which lies to the following conditions. Refer to the z-table and to your concept notes for you to be guided.{Hint: To the right means P(x > a), to the left means P(x < a), and between means P(a < x < b)}.
1.to the right of z=0.66
2.to the left of z=-1.53
3.to the right of z=-2.34
4.to the right of z=1.30
Click here to see answer by ikleyn(52781)

Question 1182542: Find the last non-zero digit of 50!
Click here to see answer by ikleyn(52781)

Question 1182542: Find the last non-zero digit of 50!
Click here to see answer by math_tutor2020(3817)

Question 1182562: If you paid $40 to a loan company for the use of $1,483 for 76 days, what annual rate of interest did they charge? (Assume a 360-day year.

Round to three decimal places.
Click here to see answer by ikleyn(52781)

Question 1182563: A radio commercial for a loan company states; "You only pay 26 cents a day for each $500 borrowed." If you borrow $1,289 for 223 days, what amount will you repay, and what annual interest rate is the company actually charging?
Assume a 360 day year, round to two decimal places.
Click here to see answer by Boreal(15235)

Question 1182567: Find the minimum payment on an unpaid balance of $961.61. Assume that the minimum payment on a credit card is the greater of $34 or 2% of the unpaid balance.
Round to the nearest cent as needed.
Click here to see answer by Boreal(15235)

Question 1182557: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r to the nearest tenth of a percent.
P=$4800.00
A=$4596.00
T=6 Months
Click here to see answer by mananth(16946)

Question 1182561: A loan of $1,030 was repaid at the end of 18 months with a check for $1,050. What annual rate of interest was charged?
Click here to see answer by mananth(16946)

Question 1182566: Find the minimum payment on an unpaid balance of $1,017.17. Assume that the minimum payment on a credit card is the greater of $11 or 3% of the unpaid balance.
Round to the nearest cent as needed.
Click here to see answer by ikleyn(52781)

Question 1182569: A payday loan is a short-term loan that is repaid on the next payday, often by giving the lender electronic access to a personal checking account. Some states have statutes that regulate the fees that may be charged for payday loans. Suppose that, in a certain state, finance charges on a payday loan may not exceed 17.4% of the amount advanced.
Find the annual interest rate if $600 is borrowed for 8 days at the maximum allowable charge.
Round to the nearest percent as needed.
Click here to see answer by Theo(13342)

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