Questions on Algebra in Finance answered by real tutors!

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Question 749670: Consider the demand function p(x)= -(1/15)x + 30, 0
Click here to see answer by tommyt3rd(5050) About Me 

Question 745028: HOW DO YOU ADD EXPONETS?
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Question 752253: Good Morning,
I have a mark-up problem that is haunting me. Could you please show me how to set it up correctly? I can't seem to figure it out. Here it is:
A pair of shoes costs the retailer $85 per pair. At what price should the retailer mark them so he can sell them at a 15% disoount off the selling price and still make a 20% profit on his cost?
My brain is frozen on this.
Thank you in advance for your help.
Kindest regards,
Michelle Dean

Click here to see answer by KMST(5328) About Me 
Question 752253: Good Morning,
I have a mark-up problem that is haunting me. Could you please show me how to set it up correctly? I can't seem to figure it out. Here it is:
A pair of shoes costs the retailer $85 per pair. At what price should the retailer mark them so he can sell them at a 15% disoount off the selling price and still make a 20% profit on his cost?
My brain is frozen on this.
Thank you in advance for your help.
Kindest regards,
Michelle Dean

Click here to see answer by josmiceli(19441) About Me 

Question 752637: 1000 euros is invested at 3% per annum interest, compounded monthly. Calculate the minimum number of months required for the value to exceed 1300 euros.
I know that this is a geometric series and the multiplier is 1.03 per year but it is compounded monthly which makes it difficult.

Click here to see answer by stanbon(75887) About Me 

Question 752904: an investment pays 7% compound semiannually. You want to have $ 19000.00 in the future , how much should you deposit now to have that amount in 5 years from now.
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Question 753186: WHAT IS 73X+34Y+234Z=461234
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Question 753837: 21 less than the product of 5 and r what does that equal t

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Question 753944: What is the solution set of the system of equations x+y=5 and y=x^2-25
Click here to see answer by MathLover1(20849) About Me 

Question 753942: A car depreciates at a rate of 4.5% annually. Greg purchased a car for $12,500. Which equation can be used to determine the value of the car, V, after 5 years?
Click here to see answer by Alan3354(69443) About Me 

Question 754039: Good day, please help me solve this below. I am confused on the "continously" part.
1.Find the present value, using the present value formula and a calculator. (Round to the nearest cent).
Achieve $225,500 at 8.75% compounded countinously for 8 years, 145 days.

Click here to see answer by Alan3354(69443) About Me 

Question 754222: HEEELLLPPP! Please assist.
Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears costs $1,578 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment.
Thank you.

Click here to see answer by rothauserc(4718) About Me 

Question 754221: Can you please help me with this problem?
A car has a sticker price of $42,650 with factory and dealer rebates of $5,100.
You can pay the sticker price at 0% interest for 60 months.
You can pay the discount price at 2.5% add-on interest for 60 months.
a) Find the monthly payment if financed for 60 months at 0% APR. (Round to the nearest cent.)
b) Find the monthly payments if financed at 2.5% add-on interest for 60 months.
c)use the APR approximation formula to find the APR for part (b).
d? State whether the 0% APR or the 2.5% add-on rate should be preferred.

Click here to see answer by Theo(13342) About Me 

Question 753524: 3) A tour group split into two groups when waiting in line for food at a fast
food counter. The first group bought 8 slices of pizza and 4 soft drinks
for $36.12. The second group bought 6 slices of pizza and 6 soft drinks
for $31.74. How much does one slice of pizza cost?

Click here to see answer by Cromlix(4381) About Me 

Question 754403: 5000 invested at 10% for 2 years
Click here to see answer by tommyt3rd(5050) About Me 

Question 754924: I am trying to get the correct answer to calculation of capacity for:
B/240+(B*2)=12/27
I have the answer as B = 960, but, I need the step by step solving of the problem. Thanks.

Click here to see answer by ldjackson(1) About Me 

Question 748068: Substitution
m=g-2

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Question 747773: 1 less than 9,2 less than 10,3 less than 10,0 less than 1.
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Question 756249: How much interest is earned for the investment? $20,000 for 2 years at 5% compounded annually.
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Question 756631: Classify the financial problem. Assume a 11% interest rate compounded annually.
Find the value of a $1,000 certificate in 6 years. (Round your answer to the nearest cent.)

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Question 756847: A circle with a central angle of 120 degree has an inscribed angle sharing the same endpoints. What is the measurement of the inscribed angle?

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Question 757608: A sofa and a love seat cost $444. The sofa costs double the love seat. How much do they each cost
Click here to see answer by josmiceli(19441) About Me 

Question 758041: A corporation issues 1,200,000 shares of stock at its beginning to shareholders. How many shares must
a shareholder own to have a majority of the shares?

Click here to see answer by jim_thompson5910(35256) About Me 
Question 758041: A corporation issues 1,200,000 shares of stock at its beginning to shareholders. How many shares must
a shareholder own to have a majority of the shares?

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Question 758138: my 6th grader had this for homework they barely started beg. algebra solving for x. Don't know how to help him with the problem below. Please help

the math team decided to sell customized pocket protectors as a fundraiser. These were truly a hot item in our school, and $240 was raised. Cecily had originally suggested a price that was $2 lower for each item, but if the team had agreed to that price they would have had to sell 20 more pocket protectors to get the $240

How many pocket protectors did they actually sell? what was the price of each.

Click here to see answer by htmentor(1343) About Me 

Question 758567: Suppose that the revenue (R), in dollars, from selling (x) clocks is
R(x)= 30x
The cost (C), in dollars, of selling (x) clocks is
C(x)= 0.1(squared 2) + 7x +400
find the Profit Function (P),

P(x)= R(x)- C(x)

... Please help me

Click here to see answer by MathLover1(20849) About Me 

Question 759126: Delilah opens a credit card with an APR of 24.38% compounded monthly. How much is charged in interest this month if her balance is $550?
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Question 759352: if S=-16t^2 + 80t represents the height of a rocket, in feet, t seconds after it was fired, when will the rocket hit the ground? Hint: the rocket is in the ground when s=0
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Question 759498: what is algebra ?
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Question 759702: Use the compound formula A=Pe^rt
To solve the problem given. Round answers to the nearest cent.
Find the accumulated value of an investment of $20,000 for 4 years at an interst rate of 4.5% if the money is
a. Compounded semi=annually ___(Round to the nearest cent)
b. What is the accumulated value if the money is compounded monthly? ___(Round to the nearest cent)
c. What is the accumulated value if the money is compounded continuously?

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Question 759980: in a positive number of two digits, the tens place exceeds the unit digit by 5. if the product of the digit is 36 find the number.
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Question 760231: (a+b)(a+b)(a+b)

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Question 760577: a) $1,392.926816 = x + 0.652029x
The trouble I am having is understanding how the above becomes:
b) $1,392.926816 / 1.652029 = x
$843.16 = x
The solution is correct and has been verified with my online course. However, I do not understand the jump from a to b?

Click here to see answer by josmiceli(19441) About Me 

Question 760648: Stock.
What is the value of a stock with a :
a. $2.50 dividend just paid and an 8% required return with 0% growth?
b. $3 dividend just paid and an 8% required return with 2% growth?
c. $7 dividend just paid and an 10% required return with a 2% growth?

Click here to see answer by solver91311(24713) About Me 

Question 760654: What is the required rate of return on stock with:
a. $2.50 expected dividend and a $19 price with 6% growth?
b. $2.75 expected dividend and a $20 price with 8% growth?
c. $2.50 expected dividend and a $19 price with 9% growth?

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Question 760652: Stock:
What is the growth rate of stock with:
a. $3.00 expected dividend and a $20.60 price with 15% required return?
b. $2.40 expected dividend and a $25.35 price with 10% required return?
c. $2.00 expected dividend and a $8.30 price with 11% required return?

Click here to see answer by solver91311(24713) About Me 

Question 760644: What is the value of a $1,000 par value bond with annual payments of an
a. 10% coupon with a maturity of 10 years and a 15% required return?
b. 8% coupon with a maturity of 10 years and a 8% required return?
c. 11% semiannual coupon with a maturity of 20 years and a 11% required return?
d. 8% semiannual coupon with a maturity of 20 years and a 9% required return?

Click here to see answer by TeeTeeMonique(4) About Me 

Question 759365: Someone please answer this problem!!
You win $10,000. You decide to invest the money in stocks and/or bonds. You want at least $3000 be invested in bonds, with expected returns of $0.08 per dollar, and at least $2000 be invested in stocks, with expected returns of $0.12 per dollar.
a) Write the objective function to determine how to invest the winning to maximize your return.
b) Write the constraints.
c) Using complete sentences, explain the process for finding each of the vertices for the feasible region.
d) Write the vertices of the feasible region.
e) Give the revenue for each vertex of the feasible region.
f) Using complete sentences, describe how the money be invested so as to maximize your expected returns and give the maximum return.

Click here to see answer by TeeTeeMonique(4) About Me 

Question 760708: Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows:
° Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month:

° Jobs 102, 103, and 104 were started during February.
° Direct materials requisitions for February totaled $26,000.
° Direct labor cost of $20,000 was incurred for February.
° Actual manufacturing overhead was $32,000 for February.
° The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor.
The cost of goods manufactured for February was: (Points : 2)
$77,700
$78,000
$79,700
$85,000

Click here to see answer by TeeTeeMonique(4) About Me 

Question 760641: What is the yield to maturity of a $1000 par value bond with an
a. 10% annual coupon and 10 years to maturity and a $1,000 price?
b. 9.5 annual coupon and 20 years to maturity and a $788 price?
c. 5.0% annual coupon and 8 years to maturity and a $800 price?

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Question 760877: what is the difference between median and mode?
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Question 761038: A dealer sells a radio set at Rs. 300 making a profit of 20% on the selling price. Find the cost of the radio and the percentage of profit on the cost price.
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Question 761446: A shopkeeper sells an article so as to make 25% on the cost price. If he had sold it for 50 p. more, he would have made 30% profit. What is the selling price?
Click here to see answer by josmiceli(19441) About Me 

Question 761581: Sir,
I would like get a solution for the below.
I have sales of USD 600 with VAT of USD 135.
The VAT amount is the total of two different %, ie 10% and 25%,
I need to know the steps to find out how much sale is for 10% VAT
Thank you and appreciate your support.
Bessy Valayil

Click here to see answer by ramkikk66(644) About Me 

Question 761813: You just put $2193 in a CD that is expected to earn 17% compounded quarterly, and $7107 in a savings account that is expected to earn 3% compounded semiannually. Determine when, to the nearest year, the values of your two investments will be the same.
Click here to see answer by lwsshak3(11628) About Me 

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