Tutors Answer Your Questions about Finance (FREE)
Question 1194197: . A ₱1.5M trust fund is created by depositing ₱40,000 quarterly at 16%
compounded every three months.
a. How many regular deposits are needed?
b. How much is in the fund at the end of 4 years?
c. What is the interest earned at the end of 5 years?
d. What is the increase in the fund on the 12th deposit?
e. What additional deposit should be made after the last regular
deposit is made?
f. Construct a sinking fund schedule.
Click here to see answer by Theo(13342)  |
Question 1194031: Me. Kuhn becomes disabled because of an accident and decides to make an investment that guarantees an indefinite monthly income. If he invests in a fund that yields a monthly an interest rate of annually,how much could he receive monthly if he wants to keep the invested capital intact?
Click here to see answer by Alan3354(69443)  |
Question 1194195: A fund of ₱240,000 is to be accumulated by making monthly deposits
of ₱6,000. If money is worth 16% compounded monthly and deposits
are made at the end of each month,
a. how many regular deposits of ₱6,000 are needed?
b. how much is in the fund after the ninth deposit?
c. what is the interest earned on the 10th deposit?
d. what is the increase in the fund on the 20th deposit?
e. what additional deposit should be made after the last regular
deposit is made?
Click here to see answer by Theo(13342)  |
Question 1194195: A fund of ₱240,000 is to be accumulated by making monthly deposits
of ₱6,000. If money is worth 16% compounded monthly and deposits
are made at the end of each month,
a. how many regular deposits of ₱6,000 are needed?
b. how much is in the fund after the ninth deposit?
c. what is the interest earned on the 10th deposit?
d. what is the increase in the fund on the 20th deposit?
e. what additional deposit should be made after the last regular
deposit is made?
Click here to see answer by MathTherapy(10552)  |
Question 1194194: A ₱300,000 debt is to be paid by quarterly payments of ₱22,000 at
14% compounded quarterly with the smaller payment to be made
three months after the last full payment date.
a. How many regular payments of ₱22,000 are needed?
b. What is the outstanding balance after the eight payments?
c. How much of the ninth payment is interest?
d. How much of the ninth payment goes to the payment of the
principal?
e. Find the final payment
Click here to see answer by Theo(13342)  |
Question 1194193: To pay a ₱370,000 loan, Aling Vergie promises to pay ₱42,000 at the
end of every 6 months. If money is worth 10% compounded semi-
annually,
a. how many semi-annual payments are to be made?
b. find the outstanding balance after the seventh payment.
c. find the final payment if it is made 6 months after the last full
payment date.
Click here to see answer by Theo(13342)  |
Question 1194350: Use the time line to calculate the following:
Anthony borrowed R3000 on the 04 February 2020 at 15% simple interest rate per annum. He paid back R1000 on the 21 April 2020, R600 on the 12 may 2020 and R700 on the 11 June 2020. How much did he still owe on the 15 august 2020. If all payments received the same interest rate as charge on the original debt of R3000.
Click here to see answer by ikleyn(52782)  |
Question 1194365: A caterer charges $120 to cater a party for 15 people
and $200 for 25 people. Assume that the cost, y, is a
linear function of the number of x people. Write an
equation in slope-intercept form for this function.
What does the slope represent? How much would a
party for 40 people cost?
y = 15x + 120
y = 8x + 120
y = 8x
y = 10x + 80
Click here to see answer by greenestamps(13200)  |
Question 1194379: Maxwell owes Mr Langa 5000 due in three months and 2000 due in six months. Maxwell offers to pay 3000 immediately if he can be allowed to pay the balance in one year. Mr Langa agrees on condition that an interest rate of 16% is charged on the 3000 paid now and all the loan amounts. How much will Maxwell pay at the end of the year?
Click here to see answer by Theo(13342)  |
Question 1194413: Swiss family is planning a trip to Southern Africa, visiting Namibia, Botswana and South Africa. The exchange rates against the Namibian Dollar are 1.33 for the Pula and 15.72 for the Swiss Franc. They plan to rent a mobile home (vehicle with accommodation facilities) from a Windhoek-based company (at N$ 1300 per day plus N$ 1.25 per kilometer). The family expects to tour Namibia for 11 days, Botswana for 7 days, and South Africa for 6 days. They intend to get to Cape Town and leave the car there at there with the South Africa agents for the Windhoek-based company. Even though they expected to rent a mobile home they expected to use more comfortable accommodation on some occasions. Hotel accommodation in Namibia for the family is estimated at N$ 1150 per day and in Botswana at 1060 Pula per day and in South Africa at 1180 Rand per day. They expect to spent 3 days in hotels in Namibia, 5 days in hotels in Botswana, 6 days in hotels in South Africa (a) How much does the family expect to pay for all their hotel accommodation in Namibia Dollars? N$ (b) How much does the family expect to pay for all their hotel accommodation in Swiss Francs?
(b) How much does the family expect to pay for all their hotel accommodation in Swiss Francs? N$ (c) The family expects to use 583 litres of fuel in Namibia (at N$ 11.85 per litre), 343 litres in Botswana (at 9.66 Pula per litre), and 350 litres in South Africa (at R 16.96 per litre). How much do they expect to pay for fuel in each of the three countries in the countrys' local currencies? Namibia N$ (ii) Botswana Pula (iii) South Africa rand. (iv) The estimated total payment for fuel in
(iii) South Africa rand. (iv) The estimated total payment for fuel in Namibian dollars is N$ (d) If the estimated distance travelled is 12760 km, how much should they expect to pay to the mobile home company in Cape Town where they dropped the vehicle? N$ (e) What is the expected family's total cost of the trip in Namibian dollars? N$ (f) What is the expected family's total cost of the trip in Swiss Francs?
Click here to see answer by Alan3354(69443)  |
Question 1194407: The simple discount rate of a bank is 16% per annum. If a client signs a note to pay R6000 in nine months time:
1.1. How much will the client receive?
1.2. What is the equivalent simple interest of this loan?
Click here to see answer by Theo(13342)  |
Question 1193882: Please help me to solve the following maths problem.
1. Four apartments in a small block of flats, each of these four apartments has a representative on the body corporate. The committee must calculate the share that each owner pays towards various expenses. They decide that the owners will pay a share that is in proportion to the floor area of their apartment. The respective floor areas are as follows: flat 1 & 2 =90 meters squared, flat 3= 100 meters squared, flat 4=120 meters squared, there are monthly and annual expenses for these apartments. The body corporate will charge a monthly levy to each of the owners to cover all of the expenses. Average monthly water bill is R340, average monthly refusal removal is R66, average monthly sewerage is R96, annual rates and taxes are R22300, annual maintenance is R12000.
1.1. Calculate the total monthly expenses for the body corporate.
1.2. Calculate the value of each owners monthly levy for the above mentioned expenses.
1.3. The committee decide to pay the gardener, who works once a week, out of the maintenance money.He is paid R100 per day and given an annual bonus of R1000.
1.3.1 how much does the gardener earn per annum?( assume there are 52 weeks in a year).
1.3.2 what is the ratio of the gardener's annual salary to the average annual maintenance.
1.3.3 what is the ratio of the rates and taxes fee to the total annual expenditure.
Click here to see answer by Theo(13342)  |
Question 1194445: 1.A factory produced 593 257 vaccines a week. However, 5 728 of them were damaged. How many were good?
2.The price of gasoline originally cost ₱ 65.00. If the price was marked up by 25%, how much was the new price?
3.Mr. Santos divided 3 542 square meters of a lot into 23 equal parts. How large was each lot?
4.A piece of wood is 24 3/8 inches long. How many 4 7/8 inches pieces of wood can be cut from it?
5.Joan’s mother earned ₱ 556, ₱ 654, and ₱ 482 on Monday, Tuesday, and Wednesday respectively in her sari - sari store. How much is her average sale in three days?
pls with solution
Click here to see answer by Boreal(15235)  |
Question 1194446: 1. A factory produced 593 257 vaccines a week. However, 5 728 of them were damaged. How many were good?
2. The price of gasoline originally cost ₱ 65.00. If the price was marked up by 25%, how much was the new price?
3. Mr. Santos divided 3 542 square meters of a lot into 23 equal parts. How large was each lot?
4. A piece of wood is 24 3/8 inches long. How many 4 7/8 inches pieces of wood can be cut from it?
5. Joan’s mother earned ₱ 556, ₱ 654, and ₱ 482 on Monday, Tuesday, and Wednesday respectively in her sari - sari store. How much is her average sale in three days? ___________________________________________________________________________
Click here to see answer by ikleyn(52782)  |
Question 1194460: Polynomials
1. 18x + 6x + 26x = __________
2. - 19x + 7 + 15x + 11 = __________
3. (5x + 6y) - (7x - 8y) = __________
4. 48m 9 ÷ 12m 2 = __________
5. (10a+3b)(3a - 6b) = _________
with solution please asap please don't answer if you don't have an answer to my question
Click here to see answer by josgarithmetic(39617) |
Question 1194570: Alex expects to graduate in 3.5 years and hopes to buy a new car then. He will need a 20% down payment, which amounts to $4200 for the car he wants. How much should he save now to have $4200 when he graduates if he can invest it at 8% compounded monthly? (Round your final answer to two decimal places.)
Click here to see answer by Theo(13342)  |
Question 1194571: A family borrowed $72,000 to buy a house. The loan was at 6.1% and for 25 years. The monthly payments were $468.31 each. (See Example 6.)
(a) How much of the first month's payment was interest, and how much was principal?
interest $
principal $
(b) What was the total amount paid over the 25 years?
$
Click here to see answer by math_tutor2020(3817) |
Question 1194655: The Technically Techno company has several patents for a variety of different flash memory devices that are used in computers, cell phones, and a variety of other things. A competitor has recently introduced a product based on technology very similar to something patented by Technically Techno last year. Consequently, Technically Techno has sued the other company for patent infringement. Based on the facts in the case as well as the record of the lawyers involved, Technically Techno believes there is a 40% chance that it will be awarded $300,000 if the lawsuit goes to court. There is a 30% chance that Technically Techno will be awarded only $50,000 if it goes to court and wins, and there is a 30% chance that Technically Techno will lose the case and be awarded nothing. The estimated cost of legal fees if Technically Techno goes to court is $50,000. However, the other company has offered to pay Technically Techno $75,000 to settle the dispute without going to court. The estimated legal cost of this would be only $10,000. If Technically Techno wished to maximize the expected gain, should it accept the settlement offer?
Click here to see answer by math_tutor2020(3817) |
Question 1194634: The average number of persons per household in the United States has been shrinking steadily for as long as statistics have been kept and is approximately linear wi th respect to time. In 1980 there were about 2.76 persons per household, and in 2012 about 2.55.
If N represents the average number of persons per household and t represents the number of years since 1980, write a linear equation that expresses N in t erms of t
Click here to see answer by Boreal(15235)  |
Question 1194694: A light is placed on the ground 30 ft. from a building. A man 6 ft. tall walks
from the light toward the building at the rate of 5 ft.per sec. Find the rate
at which the length of his shadow on the wall is changing when he is 15
ft. from the building.
Click here to see answer by KMST(5328)  |
Question 1194693: A light at eye level stands 20 ft. from a house and 15 ft. from the path
leading from the house to the street. A man walks along the path at 6
ft.per sec. How fast does his shadow more along the wall when he is 5 ft.
from the house?
Click here to see answer by ikleyn(52782)  |
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