Tutors Answer Your Questions about Finance (FREE)
Question 1042945: Hello, I'm having a difficult time figuring out this word problem. It states (ONE number is 7 more than twice the other number,Their sum is 34,find the larger number.) I have now idea how to set it up. Can someone please help me, I greatly appreciate it, thank you.
Click here to see answer by ikleyn(52781)  |
Question 1043145: An investment opportunity allowed Osamu to place $15,000 in a mutual fund that was valued at $18,000 after 2 years. To the nearest tenth, what was the annual percent rate of return,r,on his investment?
A) 20% B) 17.7% C) 10.9% D) 9.5%
Click here to see answer by robertb(5830)  |
Question 1043359: The present value of a loan that calls for the payment of 5,000 per year for 6 years if the discount rate is 10 percent and the first payment will be made one year from now? How many would your answer change if the 5000 per year occurred for 10 years
Click here to see answer by Theo(13342)  |
Question 1043568: Hi, I'm trying to write an equation to solve this problem and running into difficulty:
I have 300000 to invest. A safe investment earns 3.5% per year. A risky investment yields 7% a year. How much is needed to be invested at each rate to earn $15,000 per year.
I'm certain it has something to do with the simple interest formula but I just can't make this work. I get that SI=prt, but I can't work out beyond that.
Click here to see answer by josgarithmetic(39617) |
Question 1042208: Use the inflation proportion to estimate the 2005 price of a jacket which costs $470 in 2002. Assume that the price increased at the average annual rate shown in the table below. Round your answer to the nearest dollar.
Year Average CPI-U Percent Change in CPI-U
1999 166.6 2.2
2000 172.2 3.4
2001 177.1 2.8
2002 179.9 1.6
2003 184.0 2.3
2004 188.9 2.7
2005 195.3 3.4
Click here to see answer by Theo(13342)  |
Question 1042210: On April 1, the unpaid balance in an account was $218. A payment of $30 was made on April 11. On April 21, a $40 purchase was made. The finance charge rate was 15% per month of the average daily balance. Find the new balance at the end of April.
Click here to see answer by Theo(13342)  |
Question 1041940: What is wrong with the following :
An index number of retail prices in April 1995 was 124.2 (jan 1994=100).
In april 2000 the value of the index was 150.4 (jan 1994=100). Hence prices
had gone up by 26.2% between april 1995 and april 2000.
Click here to see answer by Theo(13342)  |
Question 1043829: You are standing on a sidewalk and watching a parade pass by. Here are the observations you make:
1. For the first 7 minutes, 50 people walk by you per minute.
2. This rate decreases by 20% for the next 3 minutes.
3. This rate decreases by 50% for the next 2 minutes.
How many people passed by you?
Click here to see answer by josmiceli(19441)  |
Question 1043828: You are on the planning committee for a city and there is a festival coming to town. Your job is to find a space big enough to accommodate the estimated 2,000 people attending. If each person averages 3.5 square feet, how much square feet will you need?
Click here to see answer by Boreal(15235)  |
Question 1043826: 1. A bunch of AMDM students were able to squeeze 50 people in a 9 x 9 ft square. Using this ratio, how much space does one person use?
2. Using this ratio, how many people can fit in a hallway that measures 16 x 75 feet?
Click here to see answer by stanbon(75887) |
Question 1043827: Solve in terms of E.
1. Using a 3 x 3 ft square to estimate a crowd in a 100 x 150 ft field. What would the equation/formula be?
2. Using a 10 x 10 ft square to estimate a crowd in a 250 x 250 ft field. What would the equation/formula be?
Click here to see answer by rothauserc(4718)  |
Question 1043824: Mario and Bowser begin with a hat that has 5 balls in it: 3 are red, 2 are green. Bowser secretly picks a ball and tells Mario it is red, although he might be lying about the color. If there is an 80% chance Bowser is lying, what is the probability that Mario draws 2 red balls in a row after Bowser's initial draw?
Click here to see answer by Theo(13342)  |
Question 1041919: A manufacturing company receives orders for engines from two assembly plants. Plant I needs at least 45 engines, and plant II needs at least 32 engines. The company can send at most 120 engines to these assembly plants. It costs $30 per engine to ship to plant I and $40 per engine to ship to plant II. Plant I gives the manufacturing company $20 in rebates toward its products for each engine they buy, while plant II gives similar $10 rebates. The manufacturer estimates that they need at least $1500 in rebates to cover products they plan to buy from the two plants. How many engines should be shipped to each plant to minimize shipping costs? What is the minimum cost?
Click here to see answer by Theo(13342)  |
Question 1044002: In a survey of 8000 women, 5431 say they change their nail polish once a week. Construct a 90% confidence interval for the population proportion of women who change their nail polish once a week.
A 90% confidence interval for the population proportion is? Round to three decimal places as needed
Click here to see answer by Boreal(15235)  |
Question 1044035: The three packages weigh a total of 15 pounds. The first package weighs twice as much as the second package. The third package weighs three times as much as the second package. How many pounds does the first package weigh?
Click here to see answer by ikleyn(52781)  |
|
Older solutions: 1..45, 46..90, 91..135, 136..180, 181..225, 226..270, 271..315, 316..360, 361..405, 406..450, 451..495, 496..540, 541..585, 586..630, 631..675, 676..720, 721..765, 766..810, 811..855, 856..900, 901..945, 946..990, 991..1035, 1036..1080, 1081..1125, 1126..1170, 1171..1215, 1216..1260, 1261..1305, 1306..1350, 1351..1395, 1396..1440, 1441..1485, 1486..1530, 1531..1575, 1576..1620, 1621..1665, 1666..1710, 1711..1755, 1756..1800, 1801..1845, 1846..1890, 1891..1935, 1936..1980, 1981..2025, 2026..2070, 2071..2115, 2116..2160, 2161..2205, 2206..2250, 2251..2295, 2296..2340, 2341..2385, 2386..2430, 2431..2475, 2476..2520, 2521..2565, 2566..2610, 2611..2655, 2656..2700, 2701..2745, 2746..2790, 2791..2835, 2836..2880, 2881..2925, 2926..2970, 2971..3015, 3016..3060, 3061..3105, 3106..3150, 3151..3195, 3196..3240, 3241..3285, 3286..3330, 3331..3375, 3376..3420, 3421..3465, 3466..3510, 3511..3555, 3556..3600, 3601..3645, 3646..3690, 3691..3735, 3736..3780, 3781..3825, 3826..3870, 3871..3915, 3916..3960, 3961..4005, 4006..4050, 4051..4095, 4096..4140, 4141..4185, 4186..4230, 4231..4275, 4276..4320, 4321..4365, 4366..4410, 4411..4455, 4456..4500, 4501..4545, 4546..4590, 4591..4635, 4636..4680, 4681..4725, 4726..4770, 4771..4815, 4816..4860, 4861..4905, 4906..4950, 4951..4995, 4996..5040, 5041..5085, 5086..5130, 5131..5175, 5176..5220, 5221..5265, 5266..5310, 5311..5355, 5356..5400, 5401..5445, 5446..5490, 5491..5535, 5536..5580, 5581..5625, 5626..5670, 5671..5715, 5716..5760, 5761..5805, 5806..5850, 5851..5895, 5896..5940, 5941..5985, 5986..6030, 6031..6075, 6076..6120, 6121..6165, 6166..6210, 6211..6255, 6256..6300, 6301..6345, 6346..6390, 6391..6435, 6436..6480, 6481..6525, 6526..6570, 6571..6615, 6616..6660, 6661..6705, 6706..6750, 6751..6795, 6796..6840, 6841..6885, 6886..6930, 6931..6975, 6976..7020, 7021..7065, 7066..7110, 7111..7155, 7156..7200, 7201..7245, 7246..7290, 7291..7335, 7336..7380, 7381..7425, 7426..7470, 7471..7515, 7516..7560, 7561..7605, 7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560
|