Tutors Answer Your Questions about Finance (FREE)
Question 1076470: Twin brothers, Andy and Brian, can mow their grandparent's lawn together in 72 minutes. Billy could mow the lawn by himself in 17 more minutes than it would take Andy. How long would it take each person to mow the lawn alone?
Click here to see answer by jorel1380(3719)  |
Question 1076470: Twin brothers, Andy and Brian, can mow their grandparent's lawn together in 72 minutes. Billy could mow the lawn by himself in 17 more minutes than it would take Andy. How long would it take each person to mow the lawn alone?
Click here to see answer by addingup(3677)  |
Question 1076468: Why, in my finance class, when asked this question - You invest $1,000 for 3 years at 6% per annum compounding quarterly. What is the equivalent annual simple rate of interest? - am I told the answer is 6.521%, when my calculator shows 6.136%, when I preform (1195.62/1000)^(1*3)-1. Am I missing something when trying to work out interest? Any answers would be greatly appreciated. Thank you.
Click here to see answer by jorel1380(3719)  |
Question 1076468: Why, in my finance class, when asked this question - You invest $1,000 for 3 years at 6% per annum compounding quarterly. What is the equivalent annual simple rate of interest? - am I told the answer is 6.521%, when my calculator shows 6.136%, when I preform (1195.62/1000)^(1*3)-1. Am I missing something when trying to work out interest? Any answers would be greatly appreciated. Thank you.
Click here to see answer by MathTherapy(10552)  |
Question 1076509: 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) = π(48t)^2
What is the area of the spill after 8 h? Round to the nearest whole number.
Click here to see answer by Boreal(15235)  |
Question 1076781: Suppose that you are planning a trip to Europe, so you need to obtain some euros. The amount received in euros varies directly with the amount in U.S. dollars. Your friend just converted $600 into 405 euros.
(a) Write a linear function that relates the number of euros E to the number of U.S. dollars d.
(b) If you convert $700 into euros, how many euros will you receive?
(c) Graph the relation between euros and U.S. dollars.
Click here to see answer by Boreal(15235)  |
Question 1076755: a man buys a house for R200000. he makes a R50000 down payments and agree to amorised the rest of the debt with qurterly payments over 10 years. interest on debt is 12% compounded quaterly.
1)what is size of quarterly payment?
2)what is the total amount of payment?
3) what is the total amount of interest paid?
Click here to see answer by jorel1380(3719)  |
Question 1076751: what is the present value of annuity of A A debt of R1000 with interest at 16% compounded quaterly is to be amortised with equal quarterly payments {all the same size} over the next 5 years. what will be the size of these payments be?
Click here to see answer by jorel1380(3719)  |
Question 1076876: suppose that couple plan to set up an ordinary annuity with a 100000 inheritance they received. what is the size of quaterly paymens they will receive for the next 6years (while their children are in college) if the account pays 7% counmpounded quaterly.
Click here to see answer by jorel1380(3719)  |
Question 1076863: To start the construction of a rest house in tagaytay, the engineer advice his foreman to erect five pegs to establish the perimeter (outside) of the floor plan, which is in the shape of a regular pentagon. The desired area of the floor plan is 80 squared meters. Find the length of the string needed in the layout. Consider that 5 percent is accounted for tying.
Click here to see answer by jorel1380(3719)  |
Question 1077248: a town has two fire engines operating independently. The probability that a specific fire engine is available when needed is 0.96
a) what is the probability that neither is available when a needed?
b)what is the probability that a fire engine is available when needed?
Click here to see answer by math_helper(2461)  |
Question 1077249: The ratio of the number of long term parking spaces to the number of short term parking spaces in Farmington Airport is 5 to 7. The ratio of the number of short term parking spaces to the number of parking spaces in the cell phone parking is 8 to 9. There is the total of 3180 parking spaces at the airport. How many parking spaces in the cell phone parking are there?
Click here to see answer by josgarithmetic(39617) |
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