Tutors Answer Your Questions about Finance (FREE)
Question 1075373: (I have absolutely no idea how to even begin with this problem)
Geneva wants to save $12,000 to buy a new car. She just received an $8,000
bonus and plans to invest it in an account earning 7% annual simple interest. How
long will she need to leave her money in the account to accumulate the $12,000
she needs?
Click here to see answer by jorel1380(3719)   |
Question 1075397: Justin bought a house for 480 000. He paid a deposit of 150 000 and secured a loan for the outstanding amount. The yearly interest rate on the loan at the stage was 24% compounded monthly, and the term was 20 years. Determine Justin's minimum monthly payment was.
Click here to see answer by MathTherapy(10552)  |
Question 1075813: A research team conducted a study showing that approximately 20% of all businessmen who wear ties wear them so tightly that they actually reduce blood flow to the brain, diminishing cerebral functions. At a board meeting of 15 businessmen, all of whom wear ties, what are the following probabilities? (Round your answers to three decimal places.)
Need help with this one
(b) more than two ties are too tight
Click here to see answer by addingup(3677)  |
Question 1075874: Bill invests $7000 in a savings account that compounds interest quarterly at an APR at 4.7%. Ted invests $7000 in a savings account that compounds interest continuously at an APR 4.7%. Who will have the larger accumulated balance after 10 years?
I would really appreciate being walked through this problem, thank you!
Click here to see answer by jorel1380(3719) |
Question 1075876: Suppose you have a newborn baby and you want to start a college fund for when the baby is 18 years old. If you are able to get an APR of 4.68% and you feel that you can save $250 a month, how much would be in the college fund at the end of 18 years?
Click here to see answer by Theo(13342)  |
Question 1075940: Supposed you have just obtained a 30-year home mortgage in this amount of $216,000 at an APR of 4.5%
A) Find the required monthly payment
B) Find the monthly payment that you would need to make in order to pay off the loan in 20 years.
C) How much would you save in interest charges by paying off the loan in 20 years as opposed to 30 years?
Click here to see answer by jorel1380(3719) |
Question 1075393: Sarah wants to save an amount of R100 000 in two years time. She wants to make a weekly payments into an account that offers an 8% yearly interest rate, compounded weekly. determine the size of the weekly payments.
Click here to see answer by jorel1380(3719) |
Question 1073775: In Honiara for instance , import vehicle attracts a40% tariff and a 30% sales tax if sells for over $ 39330. If a profit margin of 20% is applied to the accumulated cost, what is the cost of the vehicle in the country of origin if it sells for$55009 in Honiara.?
Click here to see answer by jorel1380(3719) |
Question 1075961: Billy invested $18 dollars of savings in two major business enterprises which paid interest at the rate of 3% and 6%, respectively. If his annual income for these two enterprises was equivalent to a return of 5% on the entire investment, find how much he invested at 3%.
Click here to see answer by Boreal(15235)  |
Question 1075954: Upper A 16-gigabyte video MP4 player costs $59.99 in a store. A 32-gigabyte video MP4 player costs $79.99 in the same store. Find and interpret the slope of the line connecting the points (16,59.99) and (32,79.99)
The slope is? Type as an integer or a decimal.
Or is it undifined?
Click here to see answer by Boreal(15235) |
Question 1072877: A hire tool firm finds that their net return from hiring tools is decreasing by 10% per annum. If their net gain on a certain tool this year is £400, find the possible total of all future profits from this tool (assuming the tool lasts forever).
Click here to see answer by jorel1380(3719) |
Question 1076030: need help with 2nd part of question.
Blood type AB is found in only 3% of the population†. If 285 people are chosen at random, find the probability of the following. (Use the normal approximation. Round your answers to four decimal places.)
(b) between 5 and 10 will have this blood type
Click here to see answer by Boreal(15235) |
Question 1076046: A school canteen has 5 flavours of crisps. 2/5 are salt and vinegar, 1/8 are cheese and onion , 1/4 are prawn and cocktail, 1/5 are ready salted and the rest are chicken flavoured. The canteen has 60 bags of crisps
Is this correct?
Click here to see answer by Boreal(15235) |
Question 1076125: PLEASE HELP ASAP !!
During a midnight showing of “Gone With the Wind”, Tom noticed that there were 46 other people in the theater. He also noticed that all of these other people were either sleeping or wearing hats (or both). He counted 31 people sleeping and 24 wearing hats. How many people who were sleeping were also wearing hats?
Thank you in advance
Click here to see answer by ikleyn(52781)  |
Question 1076126: PLEASE HELP!
A test has 15 true-false questions, then a choice of either completing 5 multiple choice questions with 1 correct answer out of 4, or completing 4 multiple choice questions with 1 correct answer out of 5. How many different completed answer sheets are there?
thank you in advance
Click here to see answer by josmiceli(19441)  |
Question 1076130: PLEASE HELP ASAP!!
Let A= {2,5,8,z,$}, B={5,^,z,8,p}, and C={2,z,9,p,△} Find the following:
a) A U (B ∩ C)
b) (A U B) ∩ C
c) A ∩ (B U C)
d) A ∩ (B U C)
e) Find n(A x B)
Thank you in advance
Click here to see answer by Edwin McCravy(20055)  |
Question 1076130: PLEASE HELP ASAP!!
Let A= {2,5,8,z,$}, B={5,^,z,8,p}, and C={2,z,9,p,△} Find the following:
a) A U (B ∩ C)
b) (A U B) ∩ C
c) A ∩ (B U C)
d) A ∩ (B U C)
e) Find n(A x B)
Thank you in advance
Click here to see answer by AnlytcPhil(1806)  |
Question 1076284: The annual interest rate on a credit card is 15.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,520.74? Assume that no new purchases are made with the credit card.
Click here to see answer by josmiceli(19441) |
Question 1076284: The annual interest rate on a credit card is 15.99%. If a payment of $100.00 is made each month, how many months will it take to pay off an unpaid balance of $2,520.74? Assume that no new purchases are made with the credit card.
Click here to see answer by MathTherapy(10552) |
Question 1076373: The number of electric scooters e that a factory can produce per day is a function of the number of hours h it operates and is given by
e(h) = 290h, 0 ≤ h ≤ 10.
The daily cost c to manufacture e electric scooters is given by the function
c(e) = 0.05e2 + 65e + 1000.
(a) Find (c ○ e)(h).......
(b) Evaluate (c ○ e)(16)..........$
Click here to see answer by solver91311(24713)  |
Question 1076372: Suppose the spread of an oil leak from a tanker can be approximated by a circle with the tanker at its center and radius r, in feet. The radius of the spill t hours after the beginning of the leak is given by
r(t) = 48t.
(a) Find the area of the spill as a function of time.
A(t) = ........
(b) What is the area of the spill after 8 h? Round to the nearest whole number.
............ ft2
Click here to see answer by solver91311(24713) |
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