Tutors Answer Your Questions about Finance (FREE)
Question 734508: YOU BORROW $15,000 FOR COLLEGE, AT THE ANNUAL INTEREST RATE OF 6%.
CALCULATE THE AMOUNT OF INTEREST DUE 1(ONE) MONTH AFTER YOU MUST BEGIN PAYMENTS.
PLEASE HELP, ITS A TEXT BOOK QUESTION, BUT SEEMS MORE INFO. IS NEEDED. ?????
WRITE OUT SOLUTION TO UNCONFUSE ME PLEASE.
Click here to see answer by rothauserc(4718)  |
Question 734947: The cost of a new facility is $606,000 and is expected a six year life with annual depreciation of $101,000 and not salvage value. Annual sales from the the new facility is expected to 1,970 units with the price of $1,030 per unit. Variable production cost are $600 per unit while fixed cash expenses are $75,000 per year.
A) Find the accounting and cash break-even units of production.
b) Will the plant make a profit based on its current expected level of operations?
C) Will the plant contribute cash flow tot he firm at the expected level of operations?
Round to the nearest integer.
Looking for answers but the work on how to do it for personal gain and knowledge as well come test time.
Click here to see answer by lynnlo(4176) |
Question 735238: I'VE USED THESE SERVICES A COUPLE TIMES, GOT A PROBLEM I CAN'T FIGURE OUT:
yOU ARE PAYING OFF YOUR LARGE SCREEN T.V. THAT COSTS $3,000 WITH 24 MONTHLY PAYMENTS OF $162.50. wHAT IS THE ANNUAL SIMPLE INTEREST RATE THAT WAS CHARGED.
Click here to see answer by solver91311(24713)  |
Question 735249: O.K., my caps lock is off. ????
You are paying off a large screen t.v. that costs $3,000 with 24 monthly payments of $162.50. What is the annual simple interest rate that was charged?
I've tried the simple interest formula, but I don't understand how to come up with r ( the rate), if thats what I need. Please explain. Thank you.
Click here to see answer by josmiceli(19441)  |
Question 735864: Use the formula A = P ( 1+r ) (nt)
n
A=P(1+r/n)^(n*t)
to find the amount of money in an IRA
account after 48 years if $450 is
deposited into a savings account
at 4.75% interest per year but
compounded monthly, so n=12. This method is used by banks and
savings institutions.
Click here to see answer by rfer(16322) |
Question 736940: Use the Amortization Formula to compute
a monthly car payment if L = $26,750 financed
over 48 months at 3.60% interest rate.
Payment = Loan (x 1 - 1
(1-(1+x)N)
Payment = L(x(1-1÷(1-(1+x)^N)))
Code for Symbols
r≡annual interest in decimal format
y≡number of payments to be made per year (integer)
N≡total number of payments to be made (integer)
L≡amount of Loan
x≡r÷y
()≡(parentheses)
^≡exponent caret
Click here to see answer by lynnlo(4176) |
Question 738553: I need math help :/ Stacey's student loan totaled $12000. One of her loans was at 6.5% simple interest and the other at 7.2%. After one year, Stacey owed 811.50 in interest. What was the amount of each loan?I don't understand!
Click here to see answer by mananth(16946)  |
Question 739389: I'm not sure if this goes into the finance section, but here is the problem. Adam buys oranges at the rate of three oranges for $1. He sells them at a rate of five oranges for $2. In order to make a profit of at least $10, what is the minimum number of oranges he must sell?
I tried doing proportions but I don't think I did them right.
Click here to see answer by rfer(16322) |
Question 739746: let q=the annual demand in pounds for a drug and p equals the price per pound of the drug. suppose that q=1000000p^(-6). Also suppose that you want to "invert the demand curve" and express price as a function of demand. which of the following is an expression of the inverse demand curve.
a)p=0.10q^(-1/6)
b)p=10q^6
c)p=10q^(-1/6)
d)p=0.10q^(-1/3)/10
e)none of the above
Click here to see answer by MathLover1(20849)  |
Question 742391: 1. Suppose an investment doubles in value every 5 years. This year the investment is worth $3,120. How much will it be worth 10
years from now?
a. $49, 920
b. $12,480
c. $24,960
d. $62,400
2. One calling card has a $0.50 connection fee and charges $0.02 per minute. Another card has a $0.25 connection fee and
charges $0.03 per minute. After how many minutes would a call cost the same amount using either card?
a. 50 minutes
b. 15 minutes
c. 25 minutes
d. 2.5 minutes
3. Mandy has $2.40 in coins, all in dimes and nickels. The total number of coins is 30. If she has d dimes and n nickels, which
system models the situation?
a. d + n = 30
10d + 5n =240
b. d + n = 30
10d + 5n = 2.40
c. 10d + 5n = 30
d + n = 2.40
d. 10d + 5n = 30
Click here to see answer by mananth(16946)  |
Question 742388: 1. Suppose an investment of $15,000 doubles every 15 years. How much is the investment worth after 60 years?
a. $24,000
b. $240,000
c. $30,000
d. $225,000
2. Suppose you deposit $1500 in an account paying 1.5% interest, compounded annually. Which expression represents the value
of the investment after 8 years?
a. 1500 x 1.15^8
b. 1500 x 0.08^15
c. 1500 x 0.15^8
d. 1500 x 1.015^8
3. You need at least 15 pencils or markers. You want to spend at most $14 on pencils and markers. Pencils p are $0.75 each
and markers m are $1.35 each. Which system of inequalities models the situation?
a. p + m >14
0.75p + 1.35m >15
b. p + m ≥15
0.75p + 1.35m ≤14
c. p + m ≥14
0.75p + 1.35m ≤15
d. p + m >15
0.75p + 1.35m <14
Click here to see answer by lynnlo(4176) |
Question 744779: Tom wants to buy some candy bar that magazine for a trip. He has decided to buy 3 times as many candy bars as magazines. Each candy bar costs $0.70 and each h magazine costs $2.50. How many of each item can he buy if he has $20 to spend.
Thank you for ur time, please respond as soon as possible, thank you.
Click here to see answer by MathTherapy(10552)  |
Question 744823: Hi
I'd appreciate some help with this question.
A taxi company must replace cars every 5 years at a cost of 450,000. The company decides to deposit 4000 at the beginning of each month into a fund for preperation.
i)Calculate the size of this fund after 5 years if the interest rate is fixed at 6% per annum.
ii)By how much does the company meet or exceed the target of 450,000.
Click here to see answer by rothauserc(4718)  |
Question 747362: Steve has $4,000 to invest for a period of 2 years to buy a boat after the two years. His bank is offering a 2 year CD at 4.5% compounded quarterly. What would the value of his investment be after the 2 years?
Just set me up with a proper formula and I can get it from there, thankyou
Click here to see answer by MathTherapy(10552)  |
Question 749403: You borrow from JKL Bank 10,000.00 dollars for 100 months at 2.25% simple interest rate.
Question 01: How much interest will you pay on this loan and what is the total amount you will give to JKL Bank?
Question 02: If you agreed to make monthly payments for the duration of the loan, compute the amount of each payment.
Question 03: Compute what part of each monthly payment goes towards paying the capital and what part goes to interest payments.
Click here to see answer by lynnlo(4176) |
Question 749825: This question is about an annuity. The answer should tell me how much has av=ccumulated at the end of 10 years if someone invests $9000 a year for 10 years with an interest rate of 7%. The original problem: 9000((1+0.07)^10-1/0.07)=?? I followed an example, but cannot get the total that was given with the example. I have tried to different solutions and they are wronng. I can't get the correct answer.
Click here to see answer by MathTherapy(10552)  |
Question 750218: A bag contains 4 white and 2 black balls. Two balls are selected at random without replacement . find the following probabilities after making the sample space of all possible outcomes. (a); both are white (b); both have the same colour (c): both have different colour
Click here to see answer by dkppathak(439)  |
Question 751574: I'm at a loss at how to set up the equation for this problem. Thank you!
Buzhardt Inc., which uses job-order costing, has provided the following data for February:
Direct materials $63,000
Direct labor cost $81,000
Manufacturing overhead cost incurred $45,000
Manufacturing overhead cost applied $41,000
Inventories: Beginning Ending
Work in process $11,000 $21,000
Finished goods $42,000
The cost of goods manufactured for February is closest to:
A. $185,000
B. $189,000
C. $175,000
D. $179,000
Click here to see answer by lynnlo(4176) |
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