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Question 366582: Find the simple interest and the final value of the deposit that earns the given rate for the indicated length of time. Round your answers to the nearest cent.
$16,087 earning 10.2% for 9 months
Answer

Click here to see answer by rfer(16322)

Question 366943: Pythagorean's Theorem
Find the distance between two points in opposite corners of a room, one point in a corner on the floor and the other in the opposite corner on the ceiling. The dimensions of the room is 13ft. by 13ft. The ceiling is 9 ft high.
Click here to see answer by user_dude2008(1862)

Question 367576: A bottle of perfume contains 10 1/2 ounces and sells for .98 cents. What is the cost per ounce?
Click here to see answer by robertb(5830)

Question 368396: Devon purchaseed tickets to an air show for 4 adults and 2 children. The total cost was $92. The cost of a child's ticket was $8 less than the cost of an adult's ticket. Find the price of an adult's ticket and a child's ticket.

I'D REALLY APPRECIATE IT!
Click here to see answer by ewatrrr(24785)

Question 118509: 275000 is 85% of what number?
Click here to see answer by JENNYRULES(2)

Question 369433: Hello. My name is Rachel. Course Hero is asking me to answer your question or assignment, because it falls within my area of expertise:
"1. Mike�s Sport Shop deposits $3,600 at the end of each year for 12 years at 7% annual interest.
a. How much will this ordinary annuity be worth at the end of the 12 years?
b. How much more will this annuity be worth (annuity due) if Mike deposits the money at the beginning of each year instead of at the end of each year?
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2. Barb and John Reed want to know how much they must deposit in a retirement savings account today to have payments of $1,750 every six months for 15 years. The retirement account is paying 8% annual interest, compounded semiannually.
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3. Lena Dimock is saving for her college expenses. She sets aside $200 at the beginning of each three months in an account paying 8% annual interest, compounded quarterly. How much will she have accumulated in the account at the end of four years?
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Julie has just completed the rigorous process of becoming a Certified Financial Planner (CFP). She is looking forward to working with individuals on saving for retirement. She would like to show her clients the value of an annuity program as one of the best options for investing current earnings in a tax-deferred account.
1. If a client puts the equivalent of $55 per month, or $660 per year, into an orginary annuity, how much money would accumulate in 20 years at 3% compounded annually?
2. Jackie, a 25 year old client, want to retire by age 65 with $2,000,000. How much would she have to invest annually, assuming a 6% rate of return?
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3. Another client, Wynona, decides that she will invest $5,000 per year in a 6% annuity for the first ten years, then $6,000 for the next ten years, and then $4,000 per year for the last ten years, how much will she accumulate? [Hint: Treat each ten-year period as as separate annuity and compute the Future Value. After the ten years, assume that the value will continue to grow at compound interest for the remaining years of the 30 years. Use tables from Unit 6 to compute compound interest.] (5 points)
1% 1.50% 2% 2.50% 3% 4% 5% 6% 8% 10% 12%
1 1.010 1.015 1.020 1.025 1.030 1.040 1.050 1.060 1.080 1.100 1.120
2 1.020 1.030 1.040 1.051 1.061 1.082 1.103 1.124 1.166 1.210 1.254
3 1.030 1.046 1.061 1.077 1.093 1.125 1.158 1.191 1.260 1.331 1.405
4 1.041 1.061 1.082 1.104 1.126 1.170 1.216 1.262 1.360 1.464 1.574
5 1.051 1.077 1.104 1.131 1.159 1.217 1.276 1.338 1.469 1.611 1.762
6 1.062 1.093 1.126 1.160 1.194 1.265 1.340 1.419 1.587 1.772 1.974
7 1.072 1.110 1.149 1.189 1.230 1.316 1.407 1.504 1.714 1.949 2.211
8 1.083 1.126 1.172 1.218 1.267 1.369 1.477 1.594 1.851 2.144 2.476
9 1.094 1.143 1.195 1.249 1.305 1.423 1.551 1.689 1.999 2.358 2.773
10 1.105 1.161 1.219 1.280 1.344 1.480 1.629 1.791 2.159 2.594 3.106
11 1.116 1.178 1.243 1.312 1.384 1.539 1.710 1.898 2.332 2.853 3.479
12 1.127 1.196 1.268 1.345 1.426 1.601 1.796 2.012 2.518 3.138 3.896
13 1.138 1.214 1.294 1.379 1.469 1.665 1.886 2.133 2.720 3.452 4.363
14 1.149 1.232 1.319 1.413 1.513 1.732 1.980 2.261 2.937 3.798 4.887
15 1.161 1.250 1.346 1.448 1.558 1.801 2.079 2.397 3.172 4.177 5.474
16 1.173 1.269 1.373 1.485 1.605 1.873 2.183 2.540 3.426 4.595 6.130
17 1.184 1.288 1.400 1.522 1.653 1.948 2.292 2.693 3.700 5.054 6.866
18 1.196 1.307 1.428 1.560 1.702 2.026 2.407 2.854 3.996 5.560 7.690
19 1.208 1.327 1.457 1.599 1.754 2.107 2.527 3.026 4.316 6.116 8.613
20 1.220 1.347 1.486 1.639 1.806 2.191 2.653 3.207 4.661 6.728 9.646
21 1.232 1.367 1.516 1.680 1.860 2.279 2.786 3.400 5.034 7.400 10.804
22 1.245 1.388 1.546 1.722 1.916 2.370 2.925 3.604 5.437 8.140 12.100
23 1.257 1.408 1.577 1.765 1.974 2.465 3.072 3.820 5.871 8.954 13.552
24 1.270 1.430 1.608 1.809 2.033 2.563 3.225 4.049 6.341 9.850 15.179
25 1.282 1.451 1.641 1.854 2.094 2.666 3.386 4.292 6.848 10.835 17.000
26 1.295 1.473 1.673 1.900 2.157 2.772 3.556 4.549 7.396 11.918 19.040
27 1.308 1.495 1.707 1.948 2.221 2.883 3.733 4.822 7.988 13.110 21.325
28 1.321 1.517 1.741 1.997 2.288 2.999 3.920 5.112 8.627 14.421 23.884
29 1.335 1.540 1.776 2.046 2.357 3.119 4.116 5.418 9.317 15.863 26.750
30 1.348 1.563 1.811 2.098 2.427 3.243 4.322 5.743 10.063 17.449 29.960
"
Click here to see answer by robertb(5830)

Question 369814: Don't know how to set this up. Help Please! Roz bought 8 books for $44.00. Paperbacks cost $4.00 and Hardcovered cost $8.00. How many of each did she buy?
Click here to see answer by stanbon(75887)

Question 372802: A car rental company charges a daily rental fee plus a per mile fee over 150 miles. Two different people rent the same style of car for the same number of days. The total bill for one persons rental is $207.50 for a 5-day rental and 180 miles. The total bill for the other persons rental is $212.50 for a 5-day rental and 200 miles.
I need to write a linear system that I can use to find the daily rental fee and the per mile fee over 150 miles.
Click here to see answer by kac123kac(8)

Question 374017: Larry has $2600 to invest and needs $3100 in 13 years. What annual rate of return will he need to get in order to accomplish his goal, if interest is compounded continuously? (Round your answer to two decimals.)
a.1.35%
b.3.44%
c.1.44%
d.2.44%''.

Click here to see answer by rfer(16322)

Question 379186: Suppose you invest $5500 at an annual rate at 4.75% compounded weekly. How much money would you have 8 years later?
Click here to see answer by robertb(5830)

Question 380294: The sales tax on a table saw is $11.25
a. What is the purchase price of the table saw(before tax) if the sales tax rate is 7.5%?
I have tried
11.25*.075 =.84375
.84375+11.25=12.09375
Click here to see answer by kingme18(98)

Question 380416: how do you calculate CD deposits early withdrawel penalties daily
Click here to see answer by Alan3354(69443)

Question 383416: Find the accumulated amount after 10 yr if $5500 is invested at 3%/year compounded continuously.
Click here to see answer by stanbon(75887)

Question 384060: A man invests $5000 in two different accounts. The first account has a 5% annual interest rate
and the second account has a 3% annual interest rate. If he receives $212.50 in interest at the
end of the year, how much money did he put into each account?
Click here to see answer by mananth(16946)

Question 384181: what is the resulting principal if $150 is contributed monthly to a fund @ 3% apr for 30 years. I am embarrassed; I was a math major.
Thanks, Rog
Click here to see answer by rfer(16322)

Question 384340: Hi! I have a couple of questions on compound interest from my HW assignment that I am not able to answer. I would appreciate some help. Thanks!
1. How much compound interest is earned by investing $80,000 at 9% p.a., if the investment is over a 3 year period?
2. What will an investment of $45,000 amount to after 21 months if it earns 7.5% p.a. compounded quarterly?
3. What initial investment is required to produce a maturing amount of $40,000 in 8 years time if your money can be invested at 9% p.a. compounded monthly?
4. The animal in Eraticus is endangered. Since 1985 there has only been one colony remaining and in 1985 the population of the colony was 555. Since then the population has been steadily decreasing at 4.5% per year. Find:
a. the population in the year 2000
b. the year in which we would expect the population to have declined to 50.
Once again, I appreciate all the help. The answers to these do not match mine so I would love a step by step procedure for this so I know exactly what I did wrong. Thank you!
Click here to see answer by rfer(16322)

Question 384506: If I had $40,000 and put it into a 6 month CD with an interest rate of 1.35%, how much would I have at the end of 6 months?
Click here to see answer by rfer(16322)

Question 384623: To what amount will the following investments accumulate?
1. $5,000 invested for 10 years at 10 percent compounded annually
2. $8,000 invested for 7 years at 8 percent compounded annually
3. $775 invested for 12 years at 12 percent compounded annually
4. $21,000 invested for 5 years at 5 percent compounded annually
Click here to see answer by solver91311(24713)

Question 384832: If $9,000.00 is deposited into an account paying 4% interest compounded annually (at the end of each year), how much money is in the account after 5 years? (Round to the nearest cent.)
Click here to see answer by stanbon(75887)

Question 386233: at current minimum wage how long will it take me to earn 8,000 dollars?
Click here to see answer by gwendolyn(128)

Question 386427: Last year, Evelina invested $10,000.00, part at 6% annual interest and part at 8% annual interest. If she received $760.00 in interest at the end of the year, how much did she invest at each rate?
Click here to see answer by rfer(16322)

Question 386798: Find the amount of money in a bank account given the following conditions. Initial deposit=$2000, annual rate= 5.5%, time= 4 years
Click here to see answer by rfer(16322)

Question 386798: Find the amount of money in a bank account given the following conditions. Initial deposit=$2000, annual rate= 5.5%, time= 4 years
Click here to see answer by solver91311(24713)

Question 386715: What annual rate of return is earned on a $4,000 investment when it grows to $9,600 in eight years? Round to nearest 1 decimal place
Click here to see answer by robertb(5830)

Question 387013: miranda financial aid stipulates that her tuition not exceed $1500 if her college charges a $55 registration fee plus $475 per course, so what is the greatest number of courses for which miranda can register?
Click here to see answer by tara0066(31)

Question 387590: how Do I get the 1/14 of 3
Click here to see answer by rfer(16322)

Question 387661: Whisenant Company provides the following standard cost data for one of its products:

The fixed overhead spending variance is
A. $2,500 unfavorable.
B. $500 unfavorable.
C. $2,500 favorable.
D. $2,000 unfavorable
Click here to see answer by robertb(5830)

Question 387658: 6. The following static budget is provided:

What will be the budgeted net income if 18,000 units are produced and sold?
A. $31,000
B. $180,000
C. $400,000
D. $42,000
Click here to see answer by mdenny(8)

Question 388690: find the slope the line 4x-4y
Click here to see answer by jim_thompson5910(35256)

Question 386712: x/9+2x/5=3
Click here to see answer by gwendolyn(128)

Question 388926: A full price ticket for a college basketball game costs $6.00, and a student ticket costs $4.25. If 496 tickets were sold, and the total recepits were $2,498.25, how many tickets were student tickets?
Click here to see answer by stanbon(75887)

Question 389034: The buyer for a large department store must order 40 coats, some fake fur and some leather. She is unsure of the expected sales. She can buy 25 fake fur coats and the rest leather for $9,300 or 10 fake fur coats and the rest leather for $12,600. How much does she pay if she decides to split the order evenly? If I told you the answer is $ 10,400, in your own words using complete sentences explain how you would solve this problem.

Click here to see answer by ewatrrr(24785)

Question 389188: The cost of a color film for 12 photographs is normally $1.08. Additionally the cost of printing the 12 photographs is normally $1.92.
a) Show that the total cost of each photograph is normally 25 cents,
b) One shop decides to sell 3 films for the price of 2 films. The cost of printing remains $1.92 for each film. Calculate the total cost of each photograph at this shop.
c) A second shop keeps the price of the film $1.08 and offers a reduction of 25 % off the cost of printing. Calculate the total cost of each photograph at this shop.
d) Calculate the percentage reduction in the total cost, of a photograph obtained from the second shop.

Click here to see answer by mananth(16946)

Question 390755: hello I just have a question I have been struggling with and was wonderinf if somebody could please help me with it. The question is
determine the time it takes to double an investment in an account that pays an interest of 4% per annum, compounded quarterly.
Thankyou so much!
Click here to see answer by stanbon(75887)

Question 390758: Hello, I have a question regarding algebra in finance that I'm having problems with. The question is.
If you have $8000 to invest in an RESP for 7 years, which of the following two investment options should you choose. Justify your answer.
option #1-6% compounded semi-annually
Option #2- 7.5% simple interest
Thankyou in advance to anybody who can help me!
Click here to see answer by solver91311(24713)

Question 391006: if I bought a 3 month CD for $5,000.00 @ 5.65 APY, what would I earn for my 3 months, and what if I left it in all year?
Thanks
Click here to see answer by Alan3354(69443)

Question 391330: Assume you can afford a down payment equal to 25% of your yearly income. What purchase price can you afford for a home.
yearly income is 51600.00
Click here to see answer by stanbon(75887)

Question 391932: what is the objective to algebra
Click here to see answer by jerryguo41(197)

Question 392120: Please help me solve this problem.

Yu-Feng Liang bought a used car for $6500. He made a down payment of $1000 and paid off the balance in 48 monthly payments of $159 each.
What was the finance charge?

Click here to see answer by mananth(16946)

Question 392140: You invested $7000 in two accounts paying 6% interest and 8% annual interest. If the total earned for the year was $520, how much was invested at each rate?

What I need help with is how to set the problem up, by a system of linear equations.
Click here to see answer by mananth(16946)

Question 393182: A = P(1+r)t (t is as an exponent)
In the formula A = P(1+r)t, P is the principal\, r is the annual rate of interest, and A is the amount after t years. An account earning interest at a rate of 4% has a principal of $500,000. If no more deposits or withdrawls are made, about how much money will be in the account after five years?
A $705,200
B $620,700
C $608,300
D $575,000
Click here to see answer by ankor@dixie-net.com(22740)

Question 393387: loan= $500,000
part A = 6% each year
part B = 11% each year
if the bank recieves $43,750 in interest each year, how much was loaned at 6%?
Click here to see answer by stanbon(75887)

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