Tutors Answer Your Questions about Finance (FREE)
Question 689306: If $450 is invested in an account that earns annual interest of 6.5%, compounded semiannually, what will the account balance be after 12 years? (Round your answer to the nearest cent.)
Find the amount of compound interest earned in an account that opens with $24,000, earns 4.4% interest compounded daily, and is held for 25 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
Click here to see answer by lynnlo(4176)  |
Question 691177: A manufacturer has found that the daily demand for a certain item is D(p)=400/p, where p is the price of the item in dollars. The daily supply is S(p)=4p-1. At what price does the supply equal demand?
Click here to see answer by pmatei(79) |
Question 694388:
Ryan, a consumer electronics salesperson, earns a base salary of $1,800 per month and a commission of 8% on the amount of sales he makes. One month Ryan received a $2,200 paycheck. Find the amount of his sales for the month.
Any help please? Thanks!
Click here to see answer by checkley79(3341) |
Question 694394: How much money will there be in an account at the end of 4 years if $6000 is deposited at 3% interest compounded quarterly? (Assume no withdrawals are made.)
Can someone please help me with this question? Thank you!
Click here to see answer by rfer(16322) |
Question 694460: I am looking to go back to college and I have been out of Math for about 10 years. Needless to say I have forgotten how to do a lot of it. Do you have any good ideas on what I should do to get back into quick as there is a lot of material.
Click here to see answer by unlockmath(1688)  |
Question 698640: Hello! Okay, so I'm not positive that I put this problem in the correct place, but because it was called "Finance", I assumed it to be the best option because this word problem contains coins and money sums.
The word problem:
"Jane has six more nickels than quarters and two fewer dimes than nickels. If she has a total of $2.70, how many of each type of coin does she have?"
Thank you for your help! I just wasn't sure how to solve this one because I think I'm supposed to set up a chart maybe (If you could help me with that too, that would be great!), but I'm just not sure how to go about solving it. Thank you very much!
Click here to see answer by stanbon(75887) |
Question 699329: a video store charges non-members $4 to rent a video. A store membership costs $21 but members pay only $2.50 to rent each video. How many videos do you need to rent for the cost of videos to be the same for members and non-members?
Click here to see answer by josmiceli(19441)  |
Question 700460:
You and your sister are saving money from your allowances. you have $25 and sace $3 each week. Your sister has $40 and saves $2 each week. After how many weeks will you and your sister have the same amount of money?
Click here to see answer by checkley79(3341) |
Question 700945: The Compound interest is 1590 for 2 years at the rate of 12% PA Find the simple interest for the same period for 16%
Hint Answer is 2000
Compound interest=1590 it is not the principal
Rate =12%
Time=2years
Click here to see answer by stanbon(75887) |
Question 702583: I am a 49 year old grandmother. I have nver taken any algebra classes! Now they say I must take and pass a compass algebra test to enrolll in college! can you please tell me where I can go to learn algebra..from the beginning? Thank you so much
Linda
monkeybutt829@yahoo.com
Click here to see answer by solver91311(24713)  |
Question 707532: The annual interest on a $17000 investment exceeds the interest earned on a $15000 investement by $181. The $17,000 is invested at a rate 0.3% higher than the $15000. What is the interest rate of each investment?
Click here to see answer by stanbon(75887) |
Question 709438: A college student earned $5500 during summer vacation working as a waiter in a popular restaurant. The student invested part of the money at 8% and the rest at 6%. If the student received a total of $384 in interest at the end of the year, how much was invested at 8%?
Click here to see answer by checkley79(3341) |
Question 712109: The power that a resistor must dissipate is jointly proportional to the square of the current flowing through the resistor and the resistance of the resistor. If a resistor needs to dissipate 144 watts of power when 6 amperes of current is flowing through the resistor whose resistance is 4 ohms find the power that a resistor needs to dissipate when 2 amperes of current are flowing through a resistor whose resistance is 3 ohms
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 712095: Deepa did a mathematics test with a differt design.
Each correct answer scored 8marks and each incorrect answer reduced the score by 4 marks. The test contained 30 questions,and after completing it deepa had a score of zero. How many questions did she answered correctly?
Click here to see answer by ankor@dixie-net.com(22740) |
Question 712610: Please help me solve this.
An investment of $11,050 is divided into two accounts, one for stocks and one for mutual funds. The value of the stock account is $1,700 less than twice the value of the mutual fund account. Find the amount in the stock account.
I do appreciate any help you could offer! Thank you for your time!
Click here to see answer by nerdybill(7384)  |
Question 713813: Hi,
I'd appreciate some help with these questions please.
7. Derek is saving for his daughter’s wedding in 2 years time. He decides to save either
(a) €150 a month starting at the end of the current month at a nominal rate of 6% a year compounded monthly or
(b) €460 a quarter starting at the end of the current month at a nominal rate of 6% a year compounded quarterly
I've used the formula m((1+i)^t-1)/i my answer to part (a) matches the sample answer given but my answer to paer (b) doesn't.
Answers given: (a) €3814.79 (b) 3794.78)
Regards
Brian
Click here to see answer by solver91311(24713) |
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