Tutors Answer Your Questions about Finance (FREE)
Question 1098629: Pablo invested his savings in two investment funds. The $15,000 that he invested in Fund A returned a 10% profit. The amount that he invested in Fund B returned a 3% profit. How much did he invest in Fund B, if both funds together returned a 8% profit?
Click here to see answer by ikleyn(52781)  |
Question 1098670: a loan is repaid with equal payments of 200 dollar at the end of each week for 15 years .if interest is 10.4% p.a. compounded weekly and assuming that there are 52 weeks in a year,
(a) the total amount repaid,
(b) the present value of the loan (correct to 2 decimal places),
(c) the total amount of interest paid (correct to 2 decimal places).
Click here to see answer by Theo(13342)  |
Question 1098722: A national census bureau predicts that a certain population will increase from 36.4 million in 2000 to 63.8 million in 2040
Find an exponential function of the form f(t)=y 0 b ^t for these data, in which t=0 corresponds to 2000, and f(t) is in millions.
f(t)=?
Click here to see answer by Fombitz(32388)  |
Question 1098767: Some friends tell you that they paid $31,248 down on a new house and are to pay $746 per month for 15 years. If interest is 6.6% compounded monthly, what was the selling price of the house? How much will they pay in 15 years?
Click here to see answer by josmiceli(19441)  |
Question 1098919: A jet bomber traveling 500 miles per hour arrived over its target at the same time as its fighter jet escort which left the same base 1/2 hour after the bomber took off. How many hours did it take a jet bomber to reach the target if the fighter jet traveled 600 miles per hour?
Click here to see answer by ikleyn(52781)  |
Question 1098919: A jet bomber traveling 500 miles per hour arrived over its target at the same time as its fighter jet escort which left the same base 1/2 hour after the bomber took off. How many hours did it take a jet bomber to reach the target if the fighter jet traveled 600 miles per hour?
Click here to see answer by josmiceli(19441)  |
Question 1098918: At 12:00 noon two Mississippi steamboats are 126 miles apart. At 6:00 p.m. they pass each other going in opposite directions. If one steamboat travels 9 miles per hour faster than the other, find the speed of both boats.
Click here to see answer by ikleyn(52781)  |
Question 1098969: Two airplane (a passenger plane and a cargo plane) leave Abbotsford airport at the same time. The passenger plane travels at a bearing of 15 degree and a speed of 720 kph. The cargo jet travel at a bearing of 95 degree and a speed of 650 kph. How far apart will they be after 3 hours?
Click here to see answer by Fombitz(32388)  |
Question 1099258: Can someone explain me how to calculate this. Thank you
If money loses value, then as time passes, it takes more dollars to buy the same item. Use the table to answer the questions. Let t be years and y be the value of $ in t years..
t: 1, 2, 3, 4, 5, 6,
y: 0.98, 0.96, 0.94, 0.92, 0.90, 0.89
a) Suppose a house cost $103.000 today. Estimate the cost of the same house in 6 years?
b) Estimate a cost of $40 textbook in 2 years?
Click here to see answer by addingup(3677)  |
Question 1098198: Suppose that over a six-year period ,1,000 dollars accumulated to 1,959 dollars in an investment certificate in which interest was compounded quarterly.
(a)Find the nominal rate of interest, compounded quarterly, that was earned. (Round your answer to 2 decimal places.)
(b) Find the effective annual rate (EAR) rounded to 2 decimal places.
Click here to see answer by jorel1380(3719)  |
Question 1098720: Suppose you owe $800 on your credit card and you decide to make no new purchases and to make the minimum monthly payment on the account. Assuming that the interest rate on your card is 1% per month on the unpaid balance and that the minimum payment is 3% of the total (balance plus interest), your balance after t months is given by B(t)=800(.9797^t).
Find your balance at each of the given times in parts.
a) six months
After six months, the balance is $_______? (round to the nearest cent as needed)
Click here to see answer by jorel1380(3719)  |
Question 1097924: A salesman offered to sell a motorcycle for $1,024. A month later his price was $640 and 2 weeks after that he asked $400. Just last week he was willing to sell it for $250. What will his next price be if he make a consistent reduction?
Click here to see answer by jorel1380(3719)  |
Question 1099482: Assume that at the current exchange rate, the British pound is worth $1.65 in American dollars. You have some dollar bills and several British pound coins. There are 17 items altogether, which have a total value of $21.55 in American dollars. How many American dollars and how many British pound coins do you have?
Click here to see answer by jorel1380(3719)  |
Question 1099482: Assume that at the current exchange rate, the British pound is worth $1.65 in American dollars. You have some dollar bills and several British pound coins. There are 17 items altogether, which have a total value of $21.55 in American dollars. How many American dollars and how many British pound coins do you have?
Click here to see answer by greenestamps(13200)  |
Question 1099468: Artie buys a new car for $15,000. He makes a down payment of $3,000 and the dealer gives him an add-on loan, charging him an annual interest rate of 7.7%. If he takes out a 6-year loan, what will Artie's monthly payments be?
Click here to see answer by Theo(13342)  |
Question 1099582: Jim and Susie both work for a landscaping company. Jim can finish a planting job in 4hours, while it takes Susie 3 hours to finish the same job. if Jim and Susie will work together on the job, and the cost of labor is $55 per hour, what should the labor estimate be?
Click here to see answer by josmiceli(19441)  |
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