Tutors Answer Your Questions about Finance (FREE)
Question 715122:
Hello, I am trying to solve this question... A pound of cashews sells for $6.00 and a pound of peanuts sells for $3.00. If you purchase a 4 pound mixture at the cost of $4.25 per pound, how many pounds of peanuts will you have? How many piunds of cashews?
Click here to see answer by checkley79(3341) |
Question 720914: 1. You deposit $500 in a savings account with 3% interest compounded annually. Whats is the balance in the account after 10 years?
a. $368.71
b. $671.96
c. $579.64
d. $1000.00
2. A bank account with a starting balance of $1500 earns 6% annual interest, compounded monthly. What is the balance after 2 years?
a. $1520.98
b. $1690.74
c. $1508.68
d. $1700.42
Click here to see answer by lynnlo(4176) |
Question 723849: Margaret is saving $25 every week so that she can have enough money to buy a bracelet she wants. the bracelet costs $753,what is the minimum number of weeks she will have to be able to buy the bracelet
Click here to see answer by lynnlo(4176) |
Question 726146:
two investments totalling $55,000 produce an annual income of $2825. One investment yields 9% a year while the other yields 4% a year how much is invested at each rate? If i use the formula I=p.r.t I don't know what the principal or the rate is can you help me figure this out please?
Click here to see answer by checkley79(3341) |
Question 726564: I am losing money on a project. The costs of the job are $24 366.18 and the revenue is only $6766.17. I am required to make 15% on this project so I need to figure out what is the dollar value of the costs that need to move out of this project to make a revenue margin of 15%.What is the equation I would use to figure this out?
Thank you
Click here to see answer by josmiceli(19441)  |
Question 726736: Tyler bought 20 shares of Wal-Mart at $48.80. A year later, he bought 20 more shares at $54.60. He later sold all of his shares at the price of $62.80. Tyler's broker charges him 3% of each share as a transaction fee. After all of his transactions, how much money did Tyler make?
Click here to see answer by lynnlo(4176) |
Question 728604:
Sonya inherited $ 35,000. She invested some of the money at 2.5% simple interest and the rest at 3.5% simple interest. In the first year, she earned $ 1,075 interest. How many dollard did she earn form her investment at 3.5% interest ?
Click here to see answer by checkley79(3341) |
Question 729248: A particular type of bacteria grows at a rate of 49 % per day. If my dog got infected with 4000 bacterium when her leg was cut by barbed wire, how many bacterium will be present in 24 days when I finally decide I need to take the dog to the veterinarian.
___________bacterium
Help
Click here to see answer by jim_thompson5910(35256) |
Question 729638:
Gordon has heard that fusion powered SUV's will be available in 10 years at a price of 130000 dollars. How much should he invest now, at 8.1 percent interest compounded annually, to have the amount required to purchase the SUV in 10 years?
Answer = dollars.
Click here to see answer by checkley79(3341) |
Question 729639: The population of the world in 1987 was 5 billion and the growth rate was estimated at 7 percent per year. Assume that the population follows an exponential growth model of the form . Find the projected world population in 1999. Give your answer in terms of billions of people.
Your answer is billion
Click here to see answer by josgarithmetic(39617) |
Question 730889: Hello I have trouble with this problem I have a TI 83 plus. I know you have to use binomial but not sure if it is cdf or pdf or how to plug in the numbers.
1) According to government data, the probability that a woman between the ages of 25 and 29 was never married is 40%. In a random survey of 10 women in this age group, what is the probability that at least eight were married?
a).167 b).013 c)1.002 d).161
Click here to see answer by Edwin McCravy(20055)  |
Question 730990: If I may ask, what is the answer to this problem: A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materials for each feeder cost $4, and the society sells an average of 40 per week at a price of $8 each. The society has been considering raising the price, so it conducts a survey and finds that for every dollar increase, it loses 2 sales per week.
Click here to see answer by richwmiller(17219)  |
Question 731423: a retailer incurs a fixed cost of N$330 when purchasing sugar for his stock. he pays N$15.00per packet which he resell at N$18.00per packet.how many packets should he purchase and sell in order to break even?
Click here to see answer by mananth(16946)  |
Question 732104: A construction worker drops a hammer from a height of 50 feet. After how many seconds will the hammer land on the ground? Round your answer to the nearest hundredth.
A) 0.63 seconds
B) 1.77 seconds
C) 2.00 seconds
D) 5.00 seconds
Click here to see answer by lwsshak3(11628) |
Question 732229: You are due to receive 3 payments(one per year)which you can invest in an account that earns 9% interest per year.Which sequence of payments yields the greatest amount?
a. $200,$300,$250
b. $250,$100,$300
c. $400,$100,$100
d. $300,$200,$250
Click here to see answer by MathLover1(20849)  |
Question 732230: Which of the following choices of investment yields the greatest for a deposit of $20,000 over 20 years?
a. 12% simple interest
b. 10.5% compounded quarterly
c. 11.5% compounded weekly
d. 11% compounded daily
Click here to see answer by lynnlo(4176) |
Question 734242:
Principal: 4,000.00
Annual Interest Rate: 8%
Compounding Period: Quarterly
Use the formula for computing future value using compound interest to determine the value of the account at the end of 2 years.
Please detail so I can understand, as I have numerous like problems to solve, bless you.
Click here to see answer by checkley79(3341) |
Question 734164: Can someone help with the following 2 problems,I'm confused, thanks.
Use formula for compuing fauture value using compound interest to determine value of the account:
1) Principal: $4,000, Interest: 8%, Quarterly, For 2 years
AND
2) Principal: $10,000, Interest: 6%, monthly, For 5 years
Click here to see answer by lynnlo(4176) |
Question 734396: an investor invested a total of $2300 in two mutual funds. one fund earned a 7% profit while the other earned a 2% profit. if the investors total profit was $66, how much was invested in each mutual fund?
Click here to see answer by stanbon(75887) |
Question 734501: Use the formula for computing future value using compound interest to determine the value of the account after 5 years when:
Principal = $10,000
Annual Interest Rate is 6%
Compounded monthly.
In the least, give can you give me the proper formula, and get me started? Thanks Dearly.
Click here to see answer by rfer(16322) |
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