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Question 587926: I am lost on this question. Please help if you can... would be greatly appreciated and please provide a detailed explanation of how you got the answer.
a. What is the future value of $12,000 invested today in 9 years time if
interest was earned at 4.9% compounded semiannually?
b. What is the total dollar amount of interest earned by this investment?

Click here to see answer by lwsshak3(11628)

Question 588088: Struggling with this compound interest question. Please help if you can and provide a detailed explanation of how you got the answer.
Joe invested $6000 on Feb 22nd, 2012 into an account earning 3 �%
compounded monthly. How many days will it take for his investment to earn
$2000 in interest?

Click here to see answer by lwsshak3(11628)

Question 588234: please help i do not know if i did this question right?
Sandy borrows $20,000 from her local credit union at an annual interest rate of 4.6% compounded monthly. She decides that she can make monthly payments of $350. How long will it take until Sandy pays off the loan?
my answer is 124 months
Click here to see answer by dfrazzetto(283)

Question 590579: Dr. Blumen invested $5000. Part of it was invested in bonds at a rate of 6% and the rest was invested in a money market at a rate of 7.5%. If the annual interest is $337.50, how much did she invest in bonds?
Click here to see answer by mananth(16946)

Question 590767: A book store is open 360 days a year and out of the 1,200 people who pass the store each day,8% of them enter the store and make a purchase. The average amount of each sale is $18.What is the estimated amount of sales for the coming year?

Click here to see answer by jim_thompson5910(35256)

Question 591715: if i had an 8400 loan with a 29 percent interest rate and 200 dollar monthly payments how long would it take to pay off
Click here to see answer by solver91311(24713)

Question 591762: i have two questions and i need answer to both of them please
1. a teachers aid is preparing a snack for the class. in order to prepare the powdered drink the aide must convert the directions from metric. the directions say dilute contents of package in 2 liters of water. the aide has a measuring device marked in ounces. how many ounces of water should be used?

2. over the past week 34 boys were born at the hospital. this was 54 percent of all babies born. how many girls were born over the past week?
Click here to see answer by solver91311(24713)

Question 593814: how much do I need now to save 20000 with a 4.5 interest rate
Click here to see answer by rfer(16322)

Question 595945: P=(R-E)/R
R=
Click here to see answer by scott8148(6628)

Question 596654: a 32-oz bottle of water costs $1.92. what is the cost per ounce?
Click here to see answer by AnlytcPhil(1806)

Question 596683: What is the future value of $2000 in a bank account for 9 years at an annual interest rate of 3 percent?
Click here to see answer by rfer(16322)

Question 598014: How many years does it take for an investment to double in value if it is invested at 6%
if interest is compounded quarterly?
if interest is compounded continuously?
thanks
Click here to see answer by lwsshak3(11628)

Question 598641: annual profit in thousands of dollars is given by the function, P(x)= sqrt x-5+3000, where x is the number of items sold in thousands, x.5. will this profit function have a maximum, if so what is it?

Click here to see answer by stanbon(75887)

Question 600150: i would like to know more about aldbra like why do the have letters in aldbra
Click here to see answer by Alan3354(69443)

Question 601520: I can't figure this out because it doesn't give you the value of the car ...
You purchase a new car after graduating from college. Each year the assessed value of the car decreases by 12%. after five years, what is the total percentage decrease on the value of the car?

Click here to see answer by stanbon(75887)

Question 602672: In the following problem 12t + t what does t represent
Click here to see answer by Alan3354(69443)

Question 602828: Hi everyone my wife needs some help for her paper in finance i know is simple but i havent doen this for 15 years and i dont want to dissapoint her...
the formulas she gave me are the following ones..
K1=Rf+B(Km-Rf) this is the matrix formula now the variables..
B=1.25
Rf=?
Km=0.14
K1=0.15
second question variables:
B=1.10
Rf0.09
Km=?
K1=0.16
thank you for your help
Click here to see answer by stanbon(75887)

Question 602794: If Rs. 15000 is deposited in a bank account for 5 years, what is the future value assuming 12% interest rate compounded semiannually?
Click here to see answer by ewatrrr(24785)

Question 603019: Hi,
I have a statistics exam on friday and I just have no idea on what to do. Looking at the passed papers this is one of the questions that i just cant figure out. Please help me out.
a) A manufacturer of outdoor clothing produces jackets and trousers. Each jacket requires 1 hour to make, whereas each pair of trousers takes 40 minutes. The materials for each jacket cost �32 and those for a pair of trousers cost �40. The manufacturer can devote only 34 hours per week to the production of jackets and trousers and the manufacturer�s total weekly cost for materials must not exceed �1200. The manufacturer sells the jackets at a profit of �12 each and the trousers at a profit of �14 per pair. Market research indicates that the manufacturer can sell all the jackets that are produced.
a) Determine how many jackets and trousers the manufacturer should produce each week in order to maximize profit?
(70 marks)
b)Due to changes in demand, the manufacturer has decided to decrease the number of production hours from 34 hours to 27 hours per week. What effect will this have on the level of profit? Hence estimate the value of the marginal cost of one less hour in production time.
(You may use either an algebraic or graphical approach providing a clear rationale is given to prove that your solution is in fact the optimum.)

Click here to see answer by solver91311(24713)

Question 602889: Your tax rate went from 24% to 19 %. write a complete sentence describing the percent change
Click here to see answer by ankor@dixie-net.com(22740)

Question 603311: What is the compound interest on 200000 for 4 years at 6% annually
Click here to see answer by ewatrrr(24785)

Question 603834: At what temperature does water attain maximum density?
Click here to see answer by Alan3354(69443)

Question 604617: Suppose you could spend $6 every hour, night and day. How much could you spend in a year?(Assume that there is 365 day in a year.)
Click here to see answer by jim_thompson5910(35256)

Question 605680: Find the cost of a home in 20 years, assuming an annual inflation rate of 2%, if the present value of the house is $260,000. (Round your answer to the nearest cent.)

Click here to see answer by mathie123(224)

Question 605762: Find the amount of interest earned for a deposit of $24,677.23 at 9.72% compounded monthly for 32 months.
Click here to see answer by stanbon(75887)

Question 605768: In a standard deck of cards,
a. what is the probability of getting a club?
b. What is the probability of getting a red queen?
Click here to see answer by htmentor(1343)

Question 605770: If 2 fair dice (6 sides) are rolled, what is the probability of the sum being at least 10?
Click here to see answer by stanbon(75887)

Question 605776: What is the probability of getting at least 3 tails when tossing a coin 6 times?
Click here to see answer by stanbon(75887)

Question 606435: 2x-5x+6.3=-14.4
Click here to see answer by Cintchr(481)

Question 606717: Please help me solve this:
How long does it take for an initial investment of $7,000 earning 5.58% interest, compounded continuously , to double? (First find the exact solution and then round to two decimal places.)
Click here to see answer by solver91311(24713)

Question 606888: if a car costs 16,450 and i give a down payment of 3,260 and have payments of 339.99 a month for 48 months is the total cost of the car and financing it 19,579.52?

Click here to see answer by solver91311(24713)

Question 606421: 2n+3n+7=-41
Click here to see answer by asuar010(338)

Question 607147: What would be the value of $150 after eight years if you earn 12 percent interest per year?
Click here to see answer by lawdej(58)

Question 607359: A car dealer carries out the following calculations. What is the annual percentage rate? (Round your answer to the nearest tenth.)

List price
$
5,368.00

Options
$
1,625.00

Destination charges
$
200.00

Subtotal
$
7,193.00

Tax
$
431.58

Less trade-in
$
2,932.00

Amount to be financed
$
4,692.58

8% interest for 48 months
$
1,501.63

MONTHLY PAYMENT

$
129.05

%
Click here to see answer by richwmiller(17219)

Question 607362: Find the future value, using the future value formula and a calculator. (Give your answer to the nearest cent.)
$43.01 at 4.5% compounded semiannually for 6 years
$
Click here to see answer by richwmiller(17219)

Question 607361: Find the ending balance in an account that opens with $3,150, earns 8.5% interest compounded monthly, and is held for 5 years. (Round your answer to the nearest cent.)
$

Click here to see answer by richwmiller(17219)

Question 607360: Find the ending balance in an account that opens with $9,000, earns 2.5% interest compounded quarterly, and is held for 25 years. (Round your answer to the nearest cent.)
$

Click here to see answer by ewatrrr(24785)

Question 607510: I dont know how to solve exerise Ch.6 PR 6-3A in Financial & Managerial Accounting 9E warren reeve
Click here to see answer by Alan3354(69443)

Question 608519: 2(x-5)=-11, then x=?

Click here to see answer by flame8855(424)

Question 608636: To estimate the population in a rookery, 4965 fur seals were captured and tagged in early August. In late August, 900 fur seal pups were captured. Of these, 218 had been tagged. Based on these figures, estimate the population of fur seal pups in the rookery to the nearest hundred.
Click here to see answer by solver91311(24713)

Question 608640: A card is drawn at random out of a well-shuffled deck of 52 cards. Find the probability of each of the following events.
A) Draw an ace
B) Draw a spade
C) Draw a face card (jack, queen, or king)
Click here to see answer by solver91311(24713)

Question 608658: To estimate the population in a rookery, 4965 fur seal pups were captured and tagged in early August. In late August, 900 fur seal pups were captured. Of these, 218 had been tagged. Based on these figures, estimate the population of fur seal pups in the rookery to the nearest hundred.
Click here to see answer by solver91311(24713)

Question 608631: Suppose that $2500 is invested in an account with an APR of 8.5% compounded daily. Find the future value of the account in 2 years. Assume there are no leap years.
Click here to see answer by ankor@dixie-net.com(22740)

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