Tutors Answer Your Questions about Finance (FREE)
Question 1088398: Use the compound interest formulas A=p(1+r/n)^nt and A=pe^rt to solve.
Suppose that you have $11,000 to invest. Which investment yields the greater return over 5 years: 5.4% compounded monthly or 5.5% compounded quarterly?
Click here to see answer by addingup(3677)   |
Question 1088342: Solve the problem.
The formula S = A((1+r)^t+1 -1 / r)models the value of a retirement account, where A = the number of dollars added to the retirement account each year
r= the annual interest rate, and s= the value of the retirement account after t years. If the interest rate is 11%, how much will the account be worth after 15 years if $1200 is added each year? Round to the nearest whole number.
Click here to see answer by mathmate(429)  |
Question 1088488: 1. If there are 7 points in a plane, no three of which are collinear, how many distinct lines can be formed by connecting two of those points>
a. 18 b.20 c.21 d.22
2. How many combinations of three dishes can be prepared if you have the recipes for 10 dishes?
Click here to see answer by ikleyn(52781)  |
Question 1088487: A design of face is to be painted using a different color for the face, the eyes (both of which have to be the same color), the nose and the mouth. If 6 different colors are available, how many designs are possible?
a. 120
b. 240
c. 360
d. 720
Click here to see answer by mathmate(429) |
Question 1088487: A design of face is to be painted using a different color for the face, the eyes (both of which have to be the same color), the nose and the mouth. If 6 different colors are available, how many designs are possible?
a. 120
b. 240
c. 360
d. 720
Click here to see answer by KMST(5328)  |
Question 1088490: The center of a circle is the origin of a rectangular coordinate plane. If (-4,0), (0,4) and (4,0) are three points on the circumference of the circle, what is the probability that a randomly picked points inside the circle would fall inside the triangle formed by those three points?
a. 1/2
b. 1/3
c. 1/pi
d. 2/pi
Click here to see answer by Boreal(15235)  |
Question 1088496: 10 players participate in a tennis tournament. A game involves two players and each player plays three games with each of the other nine players. How many games will be played in total at this tournament?
a.90 b.120c.132 d.135
Click here to see answer by Boreal(15235) |
Question 1088494: There are 5 red, 5 blue, 5 green and 5 yellow letters, each of which is inside one of twenty identical unmarked envelopes. What is the least number of envelopes selected in order to have at least 3 letters of the same color?
a.4 b.8 c.9 d.12
Click here to see answer by ikleyn(52781) |
Question 1088299: #15: What lump sum deposited today at 12% compounded quarterly for 15 years will yield the same final amount as deposits of $5,000 at the end of each 6-month period for 15 years at 6% compounded semiannually? Round to the nearest cent as needed.
Click here to see answer by mathmate(429) |
Question 1088299: #15: What lump sum deposited today at 12% compounded quarterly for 15 years will yield the same final amount as deposits of $5,000 at the end of each 6-month period for 15 years at 6% compounded semiannually? Round to the nearest cent as needed.
Click here to see answer by MathTherapy(10552)  |
Question 1088298: #12: Find the payment that should be used for the annuity due whose future value is given. Assume the compounding period is the same as the payment period. $12,000; quarterly payments for 14 years; interest rate 7.2%
Click here to see answer by mathmate(429) |
Question 1088555: 1. Write the equation in general form.
(y + 1)(y + 2) = 5
2. The daily profit from the sale of a product is given by P = 36x − 0.2x2 − 150 dollars.
(a) What level of production maximizes profit? ----Units
(b) What is the maximum possible profit? -----$
Click here to see answer by ikleyn(52781) |
Question 1088556: 1. If you lend $3600 to a friend for 15 months at 10% annual simple interest, find the future value of the loan.
$_________
2. What are the future value and the interest earned if $3400 is invested for 7 years at 8% compounded quarterly? (Round your answers to the nearest cent.)
future value $_________
interest earned $_________
3. How long (in years) would $400 have to be invested at 7%, compounded continuously, to amount to $905? (Round your answer to the nearest whole number.)
years__________
Click here to see answer by stanbon(75887) |
Question 1088563: there are 5 red, 5 green, 5 blue and 5 yellow, each of which is inside one of the twenty identical, unmarked envelopes. What is the least number of envelopes that must be selected in order to have at least 3 letters of the same color?
a. 4
b. 8
c. 9
d. 12
Click here to see answer by ikleyn(52781) |
Question 1088194: A recent college graduate has $34000 in student loans and due to a hardship, has their payments deferred for 3 years. If the interest rate on those student loans is 3.5% compounded daily, what will be the balance at the end of 3 years rounded to the nearest penny? $____
Click here to see answer by Edwin McCravy(20055)  |
Question 1088680: Competing in a mini-triathlon, Catherine ran 3 miles in the same amount of time she biked 12 miles. Her average speed on the bike was 18 mph more than her average running speed. What was her running speed?
Click here to see answer by ikleyn(52781) |
Question 1088663: A realtor borrowed $75,000 to develop some property. He was able to borrow part of the money for one year at 9.5% interest and the rest at 7% interest for one year. The annual interest on the two loan amounts to $6325. How much was borrowed at each rate?
Click here to see answer by addingup(3677) |
Question 1088684: The intensity (I) of a radio signal varies inversely as the square of the distance (d) from the transmitter. If the intensity is 23 W/m^2 at a distance from the transmitter of 2 km, what is the intensity st a distance of 6 km?
Click here to see answer by mathmate(429) |
Question 1088757: After 1885 in a hospital, the number of births increase is shown with this equation- N=150(2^t/15) where n represents the number of births and t is the number of years since 1885. In what year would the annual birth tae in the hospital reach 3840?
Click here to see answer by Boreal(15235) |
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