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Question 1037905: A college student earns $5000 by working a full-time job every summer. He invested half the money in a mutual fund and half the money in a stock that yielded four times as much interest as the mutual fund. After a year he earned $250 in interest. What are the interest rates of the mutual fund and the stock?
Click here to see answer by addingup(3677)   |
Question 1037868: Sylvia buys a small farm (a quarter section of 160 acres) for $225 000.00. She makes a down payment of $25 000.00 and uses a 20-year mortgage to pay the remainder. Because it is farmland, she opted for a yearly payment instead of monthly payments. Sylvia’s payments are $16 931.89 each year.
a. Calculate how much Sylvia will pay for the farm with yearly payments.
b. How much will Sylvia pay in interest during the 20 years?
Hint: Calculate the difference between her total cost and the initial cost of the farm.
Click here to see answer by Theo(13342)  |
Question 1037869: Dale buys a big screen TV at a furniture store that offers zero down and no payments for 15 months. Unfortunately, he is unable to make his first payment on the 16th month, and he is charged interest for all 16 months of financing. The TV originally cost $950.00, and the interest rate is 7.95%/a compounded monthly. Calculate the total amount Dale now owes on his TV.
Click here to see answer by Theo(13342) |
Question 1037947: the total annual interest from bank accounts is $495. One account earns 6% annual interest and the other earns 7.5%. If the two accounts contain a total of $7500, how much is in the account at the lower interest?
Click here to see answer by jorel555(1290) |
Question 1038094: Hello, i m having a really hard time how to factor these polynomials. It would be much appreciated if you could solve all of these :)
FIND THE FACTORS OF THE FOLLOWING POLYNOMIALS
[6(m+n)^2(p+q)^3]+[12(m+n)^3(p+q)^2]-[24(m+n)(p+q)^3]
[15x^3(x+y)^2]-[30x^2(x+y)]-[45x(x+y)^4]
[(a+x)^m+1(b+x)^n-1]-[(a+x)^m(b+x)^n]
[x(a-b)^2n]+[y(b-a)^2n+1]
Click here to see answer by stanbon(75887) |
Question 1038116: Anna is a student who frequently uses her American debit card to make purchases when traveling abroad. When she makes a purchase, the bank converts the purchase price at a daily foreign exchange rate and than charges a 3% fee on the converted price.
Anna also converts cash from one currency to another at her bank. To convert cash into a different currency, her bank uses the daily foreign exchange rates and charges a 2.5% fee on the converted cost.
Before her trip, Anna asked her bank to convert $100 U.S dollars into Mexican pesos. Anna did not spend any of these pesos during her trip, and she asked her bank to convert them back into US dollars when she returned. If the daily foreign exchange rate stayed the same, how many US dollars did Anna lose after these two conversions?
Click here to see answer by jorel555(1290) |
Question 1038115: Anna is a student who frequently uses her American debit card to make purchases when traveling abroad. When she makes a purchase, the bank converts the purchase price at a daily foreign exchange rate and than charges a 3% fee on the converted price.
Anna also converts cash from one currency to another at her bank. To convert cash into a different currency, her bank uses the daily foreign exchange rates and charges a 2.5% fee on the converted cost.
In Mexico, Anna used her debit card for a purchase that cost 235 pesos. The bank than charged her card 18.62 U.S dollars, including the 3% conversion fee. What foreign exchange rate, in Mexican pesos per U.S dollar, did the bank use for Anna's purchase?
Click here to see answer by jorel555(1290) |
Question 1038214: A swimming pool is filled by 2 taps and emptied by a drain pipe. Tap No 1 is able to fill the pool in 4 hours. Tap No 2 is able to fill the pool in 3 hours. The drain pipe empties the pool in 90 minutes. At 8.P.M. some vandals turned both taps on and also opened the drain outlet. At what time will the pool be empty and the tap water will simply be running out the drain?
Click here to see answer by josgarithmetic(39617) |
Question 1038334: Joshua is lawyer with a big firm of lawyers.His salary is k78,000 per annum Income tax of k1,050/fortnight is deducted from his pay as well as k100/week for use of a company car.What is his take-home pay each fortnight?
Click here to see answer by jorel555(1290) |
Question 1038387: You have decided that you want to buy a home in 6 years. You believe you can afford a house that is $240,000.
a) If you want to have 20% for a down payment, how much will you need to have for the down payment?
Down payment = $.
Click here to see answer by jorel555(1290) |
Question 1038396: ind a vehicle that you would like to own on the internet. Paste a picture or screen shot that includes the following:
i) Picture of the vehicle.
ii) Sale price of the vehicle.
(any car of YOUR choice)
Sale price of the car = $
c) If the dealership you are buying the car from is offering 6% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above.
Monthly payment = $.
d) How much would you actually pay for the car over 5 years?
Total amount paid for car = $.
e) How much interest would you pay over 5 years?
Amount of interest = $.
f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate?
Monthly payment = $. .
g) How much would you actually pay for the car over 6 years?
Total amount paid for car = $. .
h) How much interest would you pay over 6 years?
Amount of interest = $.
Click here to see answer by solver91311(24713)  |
Question 1038390: You have decided you may want to join your Home Owner's Association (HOA) Governing Board. Your HOA serves two adjoining communities called Eagle & Quail, and in order to serve on the HOA Governing Board, you must own a home in one of the two communities. There are 14 Eagle homeowners and 11 Quail homeowners that are interested in being on the HOA board.
a) If the board is made up of 8 members, how many different ways are there to choose the board?
____________________ways to choose the board?
b) How many ways are there to choose the eight member board if there must be exactly 2 Eagle homeowners on the board?
_____________ways to choose the eight member board with exactly 2 Eagle homeowners?
c) What is the probability that a randomly chosen eight member board would have exactly 2 Eagle homeowners on it?
Probability that a eight member board has exactly 2 Eagle homeowners =
Round your answer to 4 decimal places as needed.
d) If the eight board members have now been chosen, how many ways would there be to assign a President and Vice President for the board?
____________ways to choose a President and Vice President for the eight member board?
Click here to see answer by stanbon(75887) |
Question 1038388: You decide to start investing money now so that you will have the down payment in 6 years when you are ready to purchase the home. How much should you put into a mutual fund each month if you know you can earn 5.7%?
Money invested each month = $.
Round your answer to 2 decimal places as needed.
c) The day has finally arrived. You have saved your down payment, and are ready to purchase your $240,000 home. How much money will you be taking as a loan?
Loan amount = $.
Round your answer to 2 decimal places as needed.
d) What would the monthly mortgage payment be if your loan was a 2.6% 30-year fixed mortgage?
Monthly mortgage payment = $.
Click here to see answer by Theo(13342) |
Question 1038542: A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2400. After installation the solar water heater will produce a small amount of hot water every day, forever, and will require no maintenance. How much must the homeowner save on water heating costs every year if this is to be a sound investment? (The interest rate is 9% per year.)
Click here to see answer by jorel555(1290) |
Question 1038625: Investing starting 3 months from now for every 3 months for 3 years at 5.6% compounded quarterly and after that last payment they are going to withdraw money every 3 months for 24 equal payments how much can they withdraw ?
Click here to see answer by Theo(13342) |
Question 1039019: A chemist has three different acid solutions. The first acid solution contains
25% acid, the second contains
35% and the third contains
55%. He wants to use all three solutions to obtain a mixture of
90 liters containing
45% acid, using
3 times as much of the
55% solution as the
35% solution. How many liters of each solution should be used?
Click here to see answer by josgarithmetic(39617) |
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