Tutors Answer Your Questions about Finance (FREE)
Question 277786: This is a word problem:
An investment fund has $3000 more invested at 8% than it does at 10%. If the annual return from the 8% investment is the same as the annual return from the 10% investment, how much is invested at each rate?
When given the total return value, I can calculate interest. With out it, I'm stuck.
Click here to see answer by scott8148(6628)  |
Question 277598: I was hoping someone could help me with this Question and show me how you put it in an equation. I'm fine until it gets put in a word problem? I'd like to practice to see what I'm doing wrong.
Thanks!!
A person invests $36,000, partly at 5%, partly at 6%, and the remainder at 6.5%. The total annual interest is $2,190. Three times the amount invested at 6% equals the amount invested at 5% and 6.5% combined. How much is invested at each rate?
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 277913: (Break-even point and operating leverage) Allison Radios manufactures a complete line of radio and communication equipment for law enforcement agencies. The average selling price of its finished product is $180 per unit. The variable cost for these same units is $126. Allison
Radios incur fixed costs of $540,000 per year.
$54 is the answer.
What would be the firm’s profit or loss at the following units of production sold:
12,000 units? 15,000 units? 20,000 units?
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 278236: When James Baldwin starts his first job after he finished college, he opened an individual retirement account (IRA). He plans to contribute $3500 per year for 38 years until he reaches age 60. He hopes to earn an average annual percentage rate of 7% over the 38-year period. If James contributes to his IRA at the rate that he plans, what will be the future value of his account when he is 60 years old?
This is my equation:
F = 3500 [ ((1+0.07)^38 - 1) / 0.07 ]
Is this correct? I don't understand the interest, is it always in years or in months? Do I have to divide the interest (0.07) by 12? Do I have to multiply 38 by 12? I'm confused.
Thank you!
Click here to see answer by stanbon(75887) |
Question 279094: Brittany can run a mile in 6 minutes and Christina can run a mile in 9 minutes. If both Brittany and Christina start running at the same time and Brittany starts 1/3 of a mile behind Christina, how long will it take Brittany to catch up with Christina? I know that Brittany runs at 1/6 miles per minute, Christina runs at 1/9 miles per minute, and distance is rate multiplied by time.
Click here to see answer by stanbon(75887) |
Question 279094: Brittany can run a mile in 6 minutes and Christina can run a mile in 9 minutes. If both Brittany and Christina start running at the same time and Brittany starts 1/3 of a mile behind Christina, how long will it take Brittany to catch up with Christina? I know that Brittany runs at 1/6 miles per minute, Christina runs at 1/9 miles per minute, and distance is rate multiplied by time.
Click here to see answer by richwmiller(17219)  |
Question 279339: Can someone please create the following pythagorean triples using Euclid rule. For example: any three positive integers k, m, and n where m>n, the following set forms a phyagorean triple. I need the following four done ASAP:
(8, 15, 17)as 8^2 + 15^2=64+225=289=17^2
(9, 40, 41) as 9^2 + 40^2=81+1600=1681=41^2
(11, 60, 61) as 11^2 + 60^2=121 + 3600=3721=61^2
(12, 35, 37) as12^2 + 15^2 =144 + 1225=1369=37^2
Please help!!
Click here to see answer by Alan3354(69443)  |
Question 279801: Alicia opens her piggy bank to find only nickles and dimes inside. She counts the coins and finds that there are 38 coins totaling $3.20. How many nickles were in the piggy bank, and how many dimes where in the piggy bank?
Click here to see answer by stanbon(75887) |
Question 279801: Alicia opens her piggy bank to find only nickles and dimes inside. She counts the coins and finds that there are 38 coins totaling $3.20. How many nickles were in the piggy bank, and how many dimes where in the piggy bank?
Click here to see answer by solver91311(24713)  |
Question 279801: Alicia opens her piggy bank to find only nickles and dimes inside. She counts the coins and finds that there are 38 coins totaling $3.20. How many nickles were in the piggy bank, and how many dimes where in the piggy bank?
Click here to see answer by richwmiller(17219)  |
Question 280024: In order to make a profit, the total revenues must be at least equal to the total costs. Suppose the cost to make x units is C = 5x + 2000, and the revenue is given by R = 7x. How many units must be sold to break even?
Thank you very much for your help. I have no idea how to even begin this problem.
Click here to see answer by dabanfield(803) |
Question 280650: .03x+.05(3x)=5400
this is the equation i came up with from a word problem trying to figure out how much was invested at 3% annual interest and, 3 times that at 5% interest if the yearly total of both is 5400.
I don't know what to do next though
Click here to see answer by rfer(16322) |
Question 280921: Compound Annuity
What is the accumulated sum of the following payment:
$500 a year for 10years compounded annually at 5%
I tried: 500(1+5%)^10, but is doesn't seem enough-I think this is only a one time investment. Thank you.
Click here to see answer by checkley77(12844) |
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