Tutors Answer Your Questions about Finance (FREE)
Question 236234: I've forgotton how to do this. Could you tell me how to figure this out: if an item costs $21.69 ( a sale price) where the sale price is 73% of the original price, how to calculate the original price?
Can't believe I can't remember (oh yes I do!), after carrying a 4.0 in math for sll of Sr. H.S.!
Jar that memory! Any help is greatly appreciated,
Thank you,
Ruth
Click here to see answer by rfer(16322) |
Question 236335: 2.) Determine the future values if $5,000 is invested in each of the following situations:
a.) 5 percent for ten years
Begin with $100 - - - > 5 percent for 1 year - - > 105
then with each $1 - - - > 105/100 = 1.05 after 1 year
Then for $5,000 it would be 5,000 * 1.05 after 1 year
and then 5,000 * 1.05 * 1.05 after 2 year
for 10 year investment
it would be 5,000 * (1.05)^10 = $8144.475 Ans
Click here to see answer by MissionPossible(18) |
Question 236903: 5.) Determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How would your answer
change if you had to wait six years to receive the$15,000?
13.) a.) what would be the future value of $7,455 invested annually for nine years beginning one year from now if the annual interest rate in 9 percent
6.) assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future valuye of this annuity if your first $5,000 is invested at end of this year.
7.)what is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from no? how would your answer change if the $500 per year occurred for ten years?
8.) determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a 5 year period.
Click here to see answer by rfer(16322) |
Question 237554: another question for y'all
suppose you invest $5000 into an interest-bearing account which compounds at 3% every month. How much will you have in your account at the end of 7 years? I have to use this formula>> S=P(1+r/n)nt-th power. please help and need back asap and if you could show the steps it would be greatly appreciated
Click here to see answer by jim_thompson5910(35256) |
Question 237841: Aplication Problem:
If I have $70,000 to invest. I want to receive an income of $5,000 per year. I have to invest in two accounts:
The first account have a 6% rate and the other at 8.5%. How much I have to invest in each account to earn $5,000 per year?
Click here to see answer by solver91311(24713)  |
Question 239049: 4. The line y=0.15x + 0.79
represents an estimate of the average cost of gasoline for each year. The line
0.11x-y= -0.85
estimates the price of gasoline in January of each year (Bureau of Labor Statistics, 2006).
a) Do you expect the lines to be intersecting, parallel, or perpendicular? Explain your reasoning.
b) Use the equations of the lines to determine if they are parallel. What did you find?
c) Did your answer to part b confirm your expectation in part a?
Click here to see answer by Theo(13342)  |
Question 239008: The Future Teacheers of America Club at Paint Branch High School is making a healthy trail mix to sell to students during lunch. The mix will have three times the number of pounds of raisins as sunflower seeds. Sunflower seeds cost $4.00 and raisins cost $1.50 per pound. If the group has $34.00 on the raisins and sunflower seeds, how many pounds of each should they buy?
Click here to see answer by scott8148(6628)  |
Question 239748: you invest $350 that pays a yearly interest rate of 6%
write a formula for an exponential function giving the balance of the account (B) , in dollars , as a function of the time (t) , in years, since initial investment
Click here to see answer by Theo(13342)  |
Question 241251: i do not understant how to answer this question could i get help please. i need to determine how many years it will take for the two accounts to reach the same balance. 1000 investment with a rate of 5.25% compounded continuously and 800 investment with a rate of 6.25% compounded continously. i got this far
1000e^.0525=800e^.0625
Click here to see answer by Alan3354(69443)  |
Question 241276: The present value of an account earning 8 percent interest compounded monthly is $2400. An investor needs the account to be worth $4800 two years from now. How much must he contribute monthly?
i have worked on it and every time i get a wrong answer this is how i set up my problem: FV=PV(1+i)^M
Click here to see answer by Theo(13342)  |
Question 241422: The amount of land in the US farms may be modeled by F(t)= 115.1(0.9352)^t + 900 million acres. According to the model in what year will the amount of land in the US drop bellow 910 million acres. Could i please get help do not understand how to solve this problem.
Click here to see answer by josmiceli(19441)  |
Question 244865: Ron and Kathy are ticket-sellers at their class play, Ron handling student tickets that sell for $2.00 each and Kathy selling adult tickets for $5.50 each. If their total income for 30 tickets was $105.50, how many did Ron sell ANSWER CHOICES: a. 18 tickets b. 13 tickets c. 19 tickets d. 17 tickets
Click here to see answer by Theo(13342)  |
Question 246189: ok i need a little help, I just need the equation if possible, that is where I am having the most trouble, once I have the equation I can usually take it from there.
You invested $4000 in two accounts. In the first part of the investment you earned 4% simple interest. on the second part of the investment, you lost 3%. Combining earnings and losses, the annual incomes from these investments was $55. How much was invest at each rate?
Click here to see answer by stanbon(75887) |
Question 246287: If you could please show me the formula, I think I could solve it myself. A teacher has the choice of two investment plans, one at 11% and the other at 13%. If the same amount invested at 13% yields 150.00 more per year, how much does she have to invest?
Click here to see answer by Theo(13342)  |
Question 246718: When asked, "Do kids regularly carry weapons in your school?" 14,256
students said yes, and 115,336 students said no. With a 95% level of
confidence, find the margin of error (MOE) associated with the sample
proportions. (Give the answer to one decimal place, if needed.)
I have been working on these types problems for two days and cannot get them
to come out right. Sure would appreciate any help you could give in that
area. My problem is with figuring the square root. I see how it is done in the book, but do not know how to enter it into the calculator. Thank you so much.
Click here to see answer by stanbon(75887) |
Question 246775: your father deposited $2,700 into his savings account when he was 18, and your father is now 50. the intrest rate on his savings account is 6.2 percent. no money has been withdrawn from the account. what is the total amount in your fathers account at this time?
Click here to see answer by checkley77(12844) |
Question 247779: Suppose that the New England Colonials baseball team is equally likely to win a game as not to win it. If 5 Colonials games are chosen at random, what is the probability that exactly 2 of those games are won by the Colonials?
Click here to see answer by sunsunny3235(5) |
Question 248512: A is the set of all the letters of the alphabet and B is the set of vowels. What kind of relationship exists between the two sets? Also, if C is the set of consonants what is the relationship between B and C?
Click here to see answer by stanbon(75887) |
Question 248509: Mr. Rivera opened a package of 150 drinking cups for his restaurant. During the day, 47 cups were
used. What fraction of the package of cups was used? Express the result using a simple, convenient
fraction that is close in value to the exact answer.
Click here to see answer by checkley77(12844) |
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