Tutors Answer Your Questions about Finance (FREE)
Question 1102103: I have no idea how to calculate this. Appreciate the help. Thanks.
Solve the following linear programming problem.
Minimize: z=5x+30y
subject to: 9x+12y≥61
8x+4y≥32
x≥0, y≥0
What is the minimum value of z?
Click here to see answer by ikleyn(52786)  |
Question 1102179: Find the effective rate of interest for 6% compounded monthly and 6% compounded continuously.
First 6% is 0.06 and the equations used are
Compounded Continuously

Compounded Monthly
For Monthly I did
and got as my answer
For Continuously I did




and got 6.184% as my answer
I just wanted to check if these were ok or if I did steps wrong, thank you!
Click here to see answer by Theo(13342)  |
Question 1102238: Twins graduate from college together and start their careers. Twin 1 invests $2500 at the end of each year for 10 years only (until age 31) in an account that earns 6%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 6% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.)
I have attempted the solution as follows, but it is wrong. Can you please tell me where my work is off?
Twin I
First 10 years (Age 20-30)
PV = 0
Int = 6%
Pmt = $2,500
Solve for FV = $32,951.99
Last 35 years (Age 31-65)
PV = $32,951,99
Pmt = $0
Int = 6%
Solve for FV = $253,271.86
Twin II
PV = $0
Int = 6%
FV = $253,271,86
N= 25 years (age 41-65)
Solve for Pmt = $4,616.31
The $4,616.31 answer is incorrect. My only thought is that I should be starting Twin I at 21 years of age, which would drop the second part of that Twin I answer N value from 35 years (65 yrs - 30 yrs) to 34 years (65 yrs - 31 yrs). I think that would drop the FV for twin I to $239,935.71, and the Pmt for Twin II to 4,355.01. Is that the error here?
Any assistance is appreciated.
Click here to see answer by greenestamps(13200)  |
Question 1102291: Beta airlines awards frequent flyer miles that are equal to the number of miles traveled, rounded to the nearest hundred. If an airplanes average speed for 5.5 hour nonstop flight from Tampa to Los Angeles is 470 MPH, how many frequent flyer miles are earned from the flight?
Click here to see answer by jim_thompson5910(35256) |
Question 1102388: mohamad sallah agreed to sign the eight-year £ 50 million contract which at that time made him the highest paying player in the history of liverpool's professional football. this contract includes a bonus signing of £ 11 million in annual £ 2.5 million salary in 2017, £ 1.75 million in 2018, £ 4.15 million in 2019, £ 4.90 million in 2020, £ 5.25 million in 2021, £ 6.2 million in 2022, £ 6.75 million in 2023 and £ 7.5 million in 2024. the £ 11 million signing bonus has been made during the contract until an additional £ 1.375 million has been paid each year within the eight month contract period. with pay paid at the start of each season. what is the contract value at 6% interest rate?
Click here to see answer by Theo(13342)  |
Question 1102553: I need explanation how to solve this problem, thank you. I see some examples on the internet but there is no explanation how they get that result.
On the basis of data from 1990 to 2006, the median income y in year x for mean and women is approximated by the equations given below, where x=0 corresponds to 1990 and y is in constant 2006 dollars. If these equations remain valid in the future, when will with the median income of men and women be the same?
Men: -255x+2y=56,937
Women: - 842x+3y=42,751
Click here to see answer by Boreal(15235)  |
Question 1102560: I am lost with this complicated problem, appreciate it help. thank you.
Kim Walrath has a nutritional deficency and is told to take at least 2200 mg of iron, 2100 mg of vitamin b-1 and 1800 mg of vitamin b-2.
One Maxivite pill contains 40 mg of iron, 12 mg of B-1 and 8 mg of B-2 and costs $0.06.
One Healthovite pill provides 10 mg of iron, 18 mg of B-1 and 18 mg of B-2 and costs $0.08.
a) What combination of Maxivite and Healthovite pills will meet Kim's requirement at lowest cost? What is the lowest cost?
b) Does Kim receive more than the minimum amount she needs of any vitamin? If so, which vitamin is it?
_________________________________________
Click here to see answer by Theo(13342)  |
Question 1102605: In an examination, a pupil's average marks were 63 per paper. If he had obtained 20 more marks for his Geography paper and 2 more marks for his History paper, his average per paper would have been 65. How many papers were there in the examination
Click here to see answer by greenestamps(13200)  |
Question 1102597: I need help!!! thank you to whoever can help me!!!
David had the following investments for 4 years.
*900 monthly deposit at 3% compounded weekly
*9000 deposit into GIC at 4% compounded daily
A) For each investment, determine the future value
For A
N= 4
I= 3
PV= 0
PmT= -900
FV= 145955.43
P/Y=12
C/Y= 52
For B
N= 4
I= 4
PV= 0
PmT= -9000
FV= 39825.72
P/Y=1
C/Y= 365
B) Determine the total interest earned for all investments
C) Determine the combined overall rate of return for all of the investments
R of R = R = l/p
D) Determine the combined overall annual rate of return for all the investments
A r of r = R of R/N
Again thank you to whoever can help me!!
Click here to see answer by Theo(13342)  |
Question 1102746: I have no idea how to solve this problem... appreciate it help, thank you.
On the basis of data from 1990 to 2006, the median income y in year x for men and women is approximated by the equations given below, where x=0 corresponds to 1990 and y is in constant 2006 dollars. If these equations remain valid in the future, in what year will the median income of men and women be the same?
Men: -262x+2y=59,910
Women: -829x+3y=49,565
The median income of men and women will be the same in the year _____?
Click here to see answer by Fombitz(32388)  |
Question 1102765: Mrs. Rodriguez deposits $6800 into a fund that compounds 3.5% interest annually. She leaves the money in the fund for 5 years. To the nearest dollar, what is the compounded interest money earned after 5 years?
Click here to see answer by Boreal(15235)  |
Question 1102751: The height, s, of a ball thrown straight down with initial speed 32 ft/sec from a cliff 128 feet high is s(t) = –16t2 – 32t + 128, where t is the time elapsed that the ball is in the air. What is the instantaneous velocity of the ball when it hits the ground?
A) -96 ft/sec
B) 256 ft/sec
C) 0 ft/sec
D) 112 ft/sec
Click here to see answer by rothauserc(4718)  |
Question 1102748: The surface area of a right circular cylinder of height 4 feet and radius r feet is given by S(r)=2πrh+2πr2. Find the instantaneous rate of change of the surface area with respect to the radius, r, when r = 4.
A) 24π
B) 16π
C) 64π
D) 20π
Click here to see answer by Fombitz(32388)  |
Question 1102772: Please check my result, I am not sure is it correct. Thank you.
Kim has nutritional deficiency and is tols to take at least 2600 mg of iron, 2100 mg of vitamin B1 and 1500 of B2.
One Maxivite pill contains 35 mg of iron, 8 mg of B1, 3 mg of B2 and it cost $0.07
One Healthovite pill contain 10 mg of iron, 15 mg of B1 and 18 of B2 and it cost $0.10
a) What combination of Maxivite and Healthovite pills will meet Kim's requirement at lowest cost? What is the lowest cost?
b) Does Kim receive more than the minimum amount she needs of any vitamin? If so, which vitamin is it?
_______________________________
I did graph on desmos.com and I think this is result:
a) The best combination is 31 pills of Maxivite and 96 of Healhovite. The lowest cost is $11.77
b) Kim receives 0 mg of iron, 0 of B1 vitamin and 321 mg of B2 more than she requires.
Click here to see answer by solver91311(24713)  |
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