Tutors Answer Your Questions about Finance (FREE)
Question 1185979: A chain saw requires 8 hours of assembly and a wood chipper 4 hours. A maximum of 96 hours of assembly time is available. The profit is $150 on a chain saw and $230 on a chipper. How many of each should be assembled for maximum profit?
To attain the maximum profit, assemble ___ chain saws and ___ wood chippers.
Click here to see answer by ikleyn(52781)  |
Question 1185980: A chain saw requires 7 hours of assembly and a wood chipper 6 hours. A maximum of 126 hours of assembly time is available. The profit is $190 on a chain saw and $250 on a chipper. How many of each should be assembled for maximum profit?
To attain the maximum profit, assemble ___ chain saws and ___ wood chippers.
Click here to see answer by ikleyn(52781)  |
Question 1186027: Future Value of an Annuity:
F equals R cross times fraction numerator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket over denominator i end fraction
Sinking Fund:
R equals F cross times left parenthesis fraction numerator i over denominator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket end fraction right parenthesis
Where
F = future value of the annuity
R = periodic payment
i = r/k
n = t*k
Question with formulas
A new mother would like to start a college fund for her newborn daughter. She makes quarterly deposits of $500 into a college fund that earns 6% compounded quarterly for the next 18 years.
.
How much will her daughter have available in her college fund when she turns 18? $
Round to the nearest dollar
What is the total amount the mother deposited into the fund over the 18 years? $
Round to the nearest dollar
How much interest was earned over the 18 years? $
Round to the nearest dollar
Use the WHOLE DOLLAR AMOUNTS you entered in as your answers above.
Click here to see answer by ikleyn(52781)  |
Question 1186026: How much money would you need to deposit now (Principal) in order to have $6,000 in your account for a vacation in 8 years? Assume the account earns 6% interest compounded monthly. Round your answer to the nearest hundredths place.
Click here to see answer by ikleyn(52781)  |
Question 1186026: How much money would you need to deposit now (Principal) in order to have $6,000 in your account for a vacation in 8 years? Assume the account earns 6% interest compounded monthly. Round your answer to the nearest hundredths place.
Click here to see answer by Alan3354(69443)  |
Question 1186089: Thanks very much helping us with the homeworks
1.The sum of 3 consecutive numbers is 93 find the numbers.
2. A father is currently 5 times as old as his son, the difference between their ages is 36 years, how old the son now?
3. Jane has 3782 juice apples for sale in her shop. Fruit and veggies city has 30672 more apples for sale than Jane. How many apples for sale altogether?
Click here to see answer by Theo(13342)  |
Question 1186038: Solving real life problems involving functions
Meet bestfriend Jessa and chan. They have formed a partnership. Jessa being the creative one makes fashionable face masks. Chan, being business-minded, markets the face masks Jessa makes. In a recent month, they spent 600 pesos on a raw materials to make 32 pieces of masks and sold each for 30 pesos each. Assuming that they are not required to pay a sales taxes, their net profit depends on the number of pieces sold.
A. What are the three constants or fixed values in the problem?
Let use n to represent the number of pieces of face masks sold and P for the net profit
B. What should be the greatest value of n?
C. What should be the greatest value of P?
D. What should be the least value of n?
E. What should be the least value of P?
F. By a table values, show what happens to the value of as n increases.(Show 3 values of n only in the table).
G. How many pieces need to be sold so that sales and expenses are even or the same?
H. Represent as function the relation between P(n) and n.
Click here to see answer by Theo(13342)  |
Question 1186139: Formulas
Future Value of an Annuity:
F=R*[(1+i)^n-1] divided by 1
F equals R cross times fraction numerator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket over denominator i end fraction
Sinking Fund:
R=F*(i/[(1+i)^n-1])
R equals F cross times left parenthesis fraction numerator i over denominator left square bracket left parenthesis 1 plus i right parenthesis to the power of n minus 1 right square bracket end fraction right parenthesis
Where
F = future value of the annuity
R = periodic payment
i = r/k
n = t*k
If Bob deposits . . . how much money will he have in the account in 8 years?
Click here to see answer by ikleyn(52781)  |
Question 1186136: QUESTION 1
A new mother would like to start a college fund for her newborn daughter. She makes quarterly deposits of $500 into a college fund that earns 6% compounded quarterly for the next 18 years.
.
How much will her daughter have available in her college fund when she turns 18? $
Round to the nearest dollar
What is total amount the mother deposited into the fund over the 18 years? $
Round to the nearest dollar
How much interest was earned over the 18 years? $
Round to the nearest dollar
Use the WHOLE DOLLAR AMOUNTS you entered in as your answers above.
Click here to see answer by ikleyn(52781)  |
Question 1185897: A certain kind of sheet metal has, on average, 3 defects per 14 square feet.
Assuming a Poisson distribution, find the probability that a 20 square foot metal sheet has at least 4 defects. Round your answer to three decimal places.
Click here to see answer by robertb(5830)  |
Question 1186181: An annuity bond has level payments (coupon plus redemption) every coupon period. Thus it is a serial bond, but the redemption amounts decrease every period. A 10-year 10% annuity bond with 000 face amount 100,000 has semiannual payments of 100000/a 20|o.o5 which some would be coupon payment and some would be redemption payment. A purchaser wishes a yield of i(2) =.12. Find the price of the bond and construct the amortization schedule for the first 2 years.
Click here to see answer by ikleyn(52781)  |
Question 1186207: A 42-year-old man was infected by a corona virus disease. The doctor advised him to take a 500 mg of medication on the first day and decrease the dosage by one half each day for a week. What is the amount of medication will he take on the 7th day? Express your answer to the nearest whole number.
Click here to see answer by ikleyn(52781)  |
Question 1186277: Boadu and Ansah formed a company and agreed that their annual profit will be shared in the ratio 4:5 respectively. If at the end of the year, Ansah received GHC 5,000.00 more than Boadu. How much was Boadu's share?
Click here to see answer by ikleyn(52781)  |
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