Tutors Answer Your Questions about Finance (FREE)
Question 338759: Samantha’s parents have invested for many years. They invested a total of $20,000 one year. They invested part of the money in HP stock which returned 70% and another part in US Treasury Bonds which returned 5%. Their total return on their investments was $9,580.
Develop an equation to represent the sum of the investments, use ‘x’ for the HP stock, use ‘y’ for the Treasury bonds.
Click here to see answer by zgoetz(1)  |
Question 347233: Samantha’s parents have decided to find an agency that can provide home services for Samantha’s grandparents. They searched online and are interested in contacting two agencies, “At Home Again” and “Comfort Cares”, to discuss their rates. “At Home Again” charges a $45 fee plus $22 per hour. “Comfort Cares” charges $37 per hour with no additional fees.
a) Which agency provides a better deal for 2 hours of work? Show your work upon which the answer is based.
b) Which agency provides a better deal for 8 hours of work? Show your work upon which the answer is based.
c) For what values h (hours) does Comfort Cares offer the better deal? Express your answer as an inequality. Show all your work.
Click here to see answer by solver91311(24713)  |
Question 347234: 3. Samantha’s parents have decided to find an agency that can provide home services for Samantha’s grandparents. They searched online and are interested in contacting two agencies, “At Home Again” and “Comfort Cares”, to discuss their rates. “At Home Again” charges a $45 fee plus $22 per hour. “Comfort Cares” charges $37 per hour with no additional fees.
a) Which agency provides a better deal for 2 hours of work? Show your work upon which the answer is based.
b) Which agency provides a better deal for 8 hours of work? Show your work upon which the answer is based.
c) For what values h (hours) does Comfort Cares offer the better deal? Express your answer as an inequality. Show all your work.
Click here to see answer by solver91311(24713) |
Question 348829: Jaleel invested in two mutual funds. One had a profit of 8%, the other 10%. He invested $1400 more in the 8% than the 10% fund. He earned $45 dollars more from the 8% fund than the 10% fund. How much did Jaleel invest in each fund?
Click here to see answer by stanbon(75887) |
Question 349267: I was out sick today and missed math. We covered "compound interest" and I was trying to get caught up at home. My homework included this problem: How much money would you have to deposit at a 3% interest rate compounded per year to have $500 after 2 years? So basically I need to find the initial amount.
I put together the equation 500=x(1+.03)^2. Now I just need to solve for x but I don't know how to. Could you please help me?
Click here to see answer by Alan3354(69443)  |
Question 350094: please help me!
Suppose you expect to receive $1,000 per year for each of the next 15 years, except that you will not receive any payments in years 3 and 5.
What is the present value of this amount if the discount rate is 12% per year?
Click here to see answer by Theo(13342)  |
Question 350135: Suppose you would like to be paid $20,000 per year during your retirement, which starts in 20 years. Assuming the $20,000 is an annual perpetuity and the discount rate is an effective 4% per year, how much should you save per year for the next 20 years so that you can achieve your retirement goal?
Click here to see answer by Theo(13342) |
Question 350125: I really need some help on an amortization problem. I see how it is explained in the book but its just not "clicking"
The formula I have to use is P(1+(r/m)^n=R[(1+(r/m)^n)-1]/(r/m)
With P=10,000
n=48
(r/m)=18%/12=0.015
Thank you in advance.
Click here to see answer by Theo(13342) |
Question 350652: An experienced mechanic earns $8.00 per hour more than an apprentice. If it takes the apprentice 18 hours to earn the same amount of money as the mechanic can earn in 12 hours, what is the hourly pay rate of the mechanic?
Click here to see answer by ewatrrr(24785)  |
Question 350966: An investor deposits $1000 into a bank account that pays interest at the rate of 10% per year(payable at the end of each year). She leaves the money and all accrued interest in the account for five years a)How much money does she have after one year? b) How much money does she have at the end of year five? c) If the bank instead paid only 6% interest, how much less money does she have after year 1 and year 5?
Click here to see answer by stanbon(75887) |
Question 353116: Ahmad sold 125 shares of stock for x dollars that he had purchased for $32.75 per share.
a. How much did he originally pay for the shares of the stock?
b. Write an inequality that represents an amount such that Ahmad made money form the sale of stocks.
c. Suppose Ahmad lost money on the stocks. Write an inequality that represents an amount such that Ahmad lost no more than $1,000 from the sale of the stocks
please help me! i need work shown too. :S
Click here to see answer by stanbon(75887) |
Question 353579: I am trying to solve for the unknown profit margin (PM) but I don't understand how to properly work the equation. Below, I have copied the equation as it is written in my text book:
.10 = PM(1.5)(.6)/ [1 - PM(1.5)(.6)
PM = .1/ .99 = 10.1%
Please advise the steps.
Thank you.
DW
Click here to see answer by Fombitz(32388)  |
Question 353579: I am trying to solve for the unknown profit margin (PM) but I don't understand how to properly work the equation. Below, I have copied the equation as it is written in my text book:
.10 = PM(1.5)(.6)/ [1 - PM(1.5)(.6)
PM = .1/ .99 = 10.1%
Please advise the steps.
Thank you.
DW
Click here to see answer by vleith(2983) |
|
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
|
