Tutors Answer Your Questions about Finance (FREE)
Question 1059795: for the following exercise, use the compound interest formula,
A(t) = P(1+(r/n))^nt where money is measured in dollars.
An account is opened with an initial deposit of $7,500 and earns 3.9% interest compounded semi-annually. What will the account be worth in 25 years? (Round your answer to the nearest cent.)
Click here to see answer by josmiceli(19441)   |
Question 1059835: Please help! I have worked on this challenge problem non stop for a while and I can not get a solution! The assignment is due on the 8th of December and I must acquire a Solution please!
Link: https://www.scribd.com/document/333074965/Challenge-Problem-4
Here’s the problem:
You save money in the following way:
• Jan 1, 2000: Deposit an unknown amount of money into a new account A with an APR of 3% compounded quarterly.
• Jan 1, 2005: Withdraw all your money from account A and deposit it and an additional $5,000 into a new account B with an APR of 5.5% compounded continuously.
• Jan 1, 2012: Account B has a balance of $10,078.46.
Answer the following questions:
1. What was the amount you deposited into account A on Jan 1, 2000?
2. What was the earliest date (day, month, and year) when you could have withdrawn $9,000?
Click here to see answer by Edwin McCravy(20055)  |
Question 1059918: car rental in thailand costs 35 dollars per day when booked in advance. If rented locally you will be charged 1800 bahts per day. If the exchange rate is 40 bahts equals 1 dollar, how much cheaper is the book in advance?
a. 10 dollars
b 12 bahts
c. 16 dollars
d. 45 dollars
e. 200 bahts
Click here to see answer by Boreal(15235)  |
Question 1060013: You have one type of candy that sells for $1.50/lb and another type of candy that sells for $6.80/lb. You would like to have 31.8 lbs of a candy mixture that sells for $5.50/lb. How much of each candy will you need to obtain the desired mixture?
Thank you for your help
Click here to see answer by josmiceli(19441) |
Question 1060436: Suppose that a cyclist began a
330
mi ride across a state at the western edge of the state, at the same time that a car traveling toward it leaves the eastern end of the state. If the bicycle and car met after
5.5
hr and the car traveled
32.4
mph faster than the bicycle, find the average rate of each.
Click here to see answer by josmiceli(19441) |
Question 1060720: You save money in the following way:
• Jan 1, 2000: Deposit an unknown amount of money into a new account A with an APR of 3% compounded quarterly.
• Jan 1, 2005: Withdraw all your money from account A and deposit it and an additional $5,000 into a new account B with an APR of 5.5% compounded continuously.
• Jan 1, 2012: Account B has a balance of $10,078.46.
Answer the following questions:
1. What was the amount you deposited into account A on Jan 1, 2000?
2. What was the earliest date (day, month, and year) when you could have withdrawn $9,000?
Click here to see answer by Boreal(15235) |
Question 1060854: Solve the following equation using the four steps shown in this section.
−4(5t−1)=2(3−10t)−2
The length of a rectangle is 5 inches more than the width. The perimeter is 34 inches. Find the length and the width.
For the following problem, the slope and one point on a line is given. Use the point-slope form to find the equation of that line. (Write your answer in slope-intercept form.)
(3,−5), m = 0
These three confuse me. Please help me :(
Click here to see answer by Boreal(15235) |
Question 1060937: 8000 is invested in cds and stocks the cd pay annual interest rate of 3% and the stocks end up yielding an annual interest rate of 4% if the amount of interest received after one year is $275 then how much was invested into the cds
Click here to see answer by Boreal(15235) |
Question 1060951: The cost C of double-dipped chocolate pretzel O's varies directly with the number of pounds of pretzels purchased, P. If the cost is $5442 when 5.0 pounds are purchased, find a linear function that relates the cost C to the number of pounds of pretzels purchased P. Then find the cost C when 6.0 pounds are purchased.
a. C = 0.092P; $0.55
b. C = 10.884P; $65.30
c. C = 272.1 / P ; $45.35
d. C = 9.07P; $45.35
Click here to see answer by KMST(5328)  |
Question 1060984: 1. a credit union gives me a loan of $40000 at a monthly rate of 1.25% on the reducing balance for a period of 2 years. How much will be my monthly payments?
2. Create an amortization schedule for the life of the loan
Click here to see answer by Theo(13342)  |
Question 1061155: would you please solve following question?
The population of a town increased by 50/3%
in 1990 and by 10% in 1991. If the population of the town at the beginning of 1990 was 30,000, what was it at the end of 1991?
-Thank you.
Click here to see answer by Theo(13342) |
Question 1061150: can you please solve the following problem?
The population of a town increased by 50/3%
in 1990 and by 10% in 1991. If the population of the town at the beginning of 1990 was 30,000, what was it at the end of 1991?
-Thank you.
Click here to see answer by jorel555(1290) |
Question 1061345: I need help with the following....thank you.
assume U = { 1,2,3,4,5,6,7,8,9,10}, A= { 1, 3, 4, 7, 10}, B= { 7,8,10}, C= { 3,5, 7}and D= { 2,3,8,9}
a. (A-C)-D
b. [(A' n C)' - (B' u D)]'
c. (D-C') n (B-A')
d.(A u B) n C
e. A u (B n C)
Click here to see answer by ikleyn(52781)  |
Question 1061445: I have a business finance exam soon and I am having some difficulty to arrange formulas and then solving it. Can someone please give a step by step guide as to how to arrive to the answer.
2.4= 0.3495*1.03/(I-0.03)
I= 17.999%
Can someone please explain how to get to the value of I. Any help will be greatly appreciated. Thank you.
Click here to see answer by KMST(5328) |
Question 1061445: I have a business finance exam soon and I am having some difficulty to arrange formulas and then solving it. Can someone please give a step by step guide as to how to arrive to the answer.
2.4= 0.3495*1.03/(I-0.03)
I= 17.999%
Can someone please explain how to get to the value of I. Any help will be greatly appreciated. Thank you.
Click here to see answer by MathTherapy(10552)  |
Question 1061529: A company is downsizing and expects the number of employees to shrink at the rate of 3% per month. Currently the company employs 30,000 people. How many people are supposed to be employed with this company in a year? Thank you.
Click here to see answer by jorel555(1290) |
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