Questions on Word Problems: Money, Business and Interest answered by real tutors!

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Question 977777: Suppose you wish to have $15,000 in 19 years. Use the present value formula to find how much you should invest now at 9% interest, compounded annually in order to have $15,000, 19 years from now.
a. $2,917.35
b. $9,165.30
c. $12,082.65
d. $1,350.00
Click here to see answer by richwmiller(17219)

Question 977776: Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how much you should invest now at 8% interest, compounded semiannually in order to have $16,500, 2 years from now. Then calculate the amount of interest.
a. $14,104.27
b. $2,353.89
c. $14,146.11
d. $2,395.80
Click here to see answer by richwmiller(17219)

Question 977775: Inez wants to have $15,000 in 2 years. Use the present value formula to calculate how much Inez should invest now at 6% interest, compounded quarterly in order to reach her goal.
a. $13,315.65
b. $13,349.95
c. $11,877.98
d. $12,231.90
Click here to see answer by richwmiller(17219)

Question 977769: Stuart Daniels estimates that he will need $25,000 to set up a small business in 7 years.
a. How much must Stuart invest now at 12% interest compounded quarterly to achieve his goal?
$__________
b. How much compound interest will he earn on the investment?
$_________

Click here to see answer by richwmiller(17219)

Question 977780: Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how much you should invest now at 8% interest, compounded semiannually in order to have $16,500, 2 years from now. Then calculate the amount of interest. a. $14,104.27 b. $2,353.89 c. $14,146.11 d. $2,395.80
Click here to see answer by richwmiller(17219)

Question 977771: Manually calculate the compound interest on an investment of $7,500 at 6% interest, compounded semiannually, for 1 year.
a. $7,956.75
b. $456.75
c. $450.00
d. $7,950.00
Click here to see answer by Alan3354(69443)

Question 977772: Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year. Use the compound interest formula to calculate the compound interest for his investment.
a. $400.00
b. $8,400.00
c. $487.20
d. $8,417.50
Click here to see answer by rfer(16322)

Question 977774: Antonio invests $3,000, at 10% interest, compounded semiannually for 12 years. Use the compound interest formula to calculate the compound amount for his investment.
a. $6,760.00
b. $6,663.28
c. $9,860.00
d. $9,675.30
Click here to see answer by rfer(16322)

Question 977770: The requirement for computer server capacity at Acme Industries is expected to increase at a rate of 15% per year for the next 5 years. If the server capacity is expected to be 1,400 gigabytes in 5 years, how many gigabytes of capacity are there today? Round to the nearest whole gigabyte.
Do not enter units in your answer.
_______________ gigabytes

Click here to see answer by Boreal(15235)

Question 977766: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 8% compounded annually. How much will the account be worth when Bob is 18 years old?
$_______________

Click here to see answer by stanbon(75887)

Question 977810: Walt made an extra$10000 last year from a part time job. He invested part of the money at 10% and the rest at 8%. He made a total of $940 in interest. How much was invested at 8%?

Click here to see answer by Boreal(15235)

Question 977761: You invest $4,500 at 10% interest, compounded quarterly, for 1 year. Calculate the compound interest.
$________________

Click here to see answer by stanbon(75887)

Question 977887: please help me
Click here to see answer by richwmiller(17219)

Question 978309: 1.Joe gets back $5,000 for a one-time deposit of $3,200 made six years ago in a money market account. What yearly interest rate did he earn if compounding was annual?
A. i=6.72%
B. i=7.72%
C. i=8.72%
D. i=9.72%
E. None of above.
Click here to see answer by solver91311(24713)

Question 978381: What amount must be deposit so that the investment will grow to $12000,in 10 years at 6% compounded continuously?
Click here to see answer by MathLover1(20850)

Question 978523: The consumer price index (CPI) is calculated by averaging the prices of various items after assigning a weight to each item. The following table gives the consumer price indexes for selected years from 1940 through 2008, reflecting buying patterns of all urban consumers, with x representing years past 1900.
Year
Consumer
Price Index Year
Consumer
Price Index
1940 14 1990 130.7
1950 24.1 2000 172.2
1960 29.6 2005 195.3
1970 38.8 2008 215.3
1980 82.4
(a) Find an equation that models these data. (Round your coefficients to three decimal places.)
y =
Incorrect: Your answer is incorrect.

(b) Use the model to predict the consumer price index in 2017. (Round your answer to one decimal place.)

(c) According to the model, during what year will the consumer price index pass 300?

Click here to see answer by jim_thompson5910(35256)

Question 978562: Mary invested 10000 part at 4% and part at 5% for 1 year. How much was invested in each acct if interest earned in the 5% account was 284 greater than in 4% account?
Click here to see answer by Boreal(15235)

Question 978559: Mary invested 10000 part at 4% and part at 5% for 1 year. How much was invested in each acct if interest earned in the 5% acct was 284 greater than 4% acct. the
Click here to see answer by richwmiller(17219)

Question 978594: Alexis invested some money at 10% interest calculated each year and invested $2 000 more than this at 12% interest calculated each year. Her total income each year from these investments is $2880. What amount did she invest at 12%?
Click here to see answer by 428225(90)

Question 978672: Tiana invests $1900 in one account and $1400 in an account paying 3 % higher interest. At the end of one year she had earned $372 in interest. At what rates did she invest?

Click here to see answer by MathLover1(20850)

Question 978671: A bank loaned out $19,500, part of it at the rate of 2% annual interest, and the rest at 12% annual interest. The total interest earned for both loans was $2,140.00. How much was loaned at each rate?
Click here to see answer by richwmiller(17219)

Question 978572: Chemists use the pH (hydrogen potential) of a solution to measure its acidity or basicity. The pH is given by the formula shown below, where [H+] is the concentration of hydrogen ions in moles per liter.
pH = −log[H+]
Most common solutions have pH ranges between 1 and 14. What values of [H+] are associated with these extremes? (If you enter your answers in scientific notation, round the decimal value to two decimal places. Use equivalent rounding if you do not enter your answers in scientific notation.)
pH 1
pH 14

Click here to see answer by josgarithmetic(39617)

Question 978745: A man has Rs 100.
Rs 0.25 for 1 pen
Rs 1 for a copy
Rs 5 for a book
.
.
In what way should he buy all the things that he can have 100 things (pen+copy+book) by spending Rs 100 ??
Click here to see answer by Cromlix(4381)

Question 978713: you have a lump sum of 80000 to invest. you decided to invest in unit trusts.the unit trust aims to perfom at return of cpi which is about 8%,how long will you have to keep these unit trusts if you want your lump sum to double.
Click here to see answer by Theo(13342)

Question 978805: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO.� Suppose that $15,000 invested in Microsoft at its IPO price had been worth $900,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)
Click here to see answer by Boreal(15235)

Question 978995: Tickets to a concert cost $18 in advance or $25 on the day of the performance. A total of 940 tickets are sold, and the total receipts were $21,820. How many of each kind of ticket were sold?
Calculate the number of tickets of each type sold (advance sale, day of performance sale)

Click here to see answer by josgarithmetic(39617)

Question 979105: how many years will it take for an initial investment of 10000 to grow 25000 at 6% interest compound continuously
Click here to see answer by Alan3354(69443)

Question 979177: Dilbert invests $9,000 at 12% simple interest for 1 year. How much is in the account at the end of the 1 year period?
Click here to see answer by Abdirahman2650(1)

Question 979327: The typical Math class has 48 students each month. Over a period of 10 years, approximately how many students have enrolled in Math?
Click here to see answer by Cromlix(4381)

Question 979452: Naomi is sixteen and she would like to open a savings account. Select each of the steps she will need to take:
-Gather the necessary information.
-Complete a deposit slip and make a deposit.
-Complete an application with a stock broker.
-Choose a director.
-Go to the bank and sign the necessary bank forms.
Click here to see answer by Alan3354(69443)

Question 979469: Molly wishes to withdraw $350 at the end of every month for 10 years. If the money earns 7% compounded monthly, how much should she deposit now?
Click here to see answer by Boreal(15235)

Question 979467: If i have a product that is $450 and i need to make at least a 30% markup on it. i need to later be able to discount the selling price by 20%. What should the original price be on the product be?
I have no clue where to begin
Click here to see answer by josmiceli(19441)

Question 979227: Paul wants to save $5,400. If he has $3,500 and invests it at 5% simple interest., how long will it take him to obtain $5,400?
(Hint: Use A = P +PRT to find T) (4 point each)
Click here to see answer by solver91311(24713)

Question 979532: You place $800 in an account that earns 3% annual interest, compounded monthly. How long it will be before your account contains $1200?
Click here to see answer by solver91311(24713)

Question 979341: If I have $4000 and I invested it into two accounts one receives 4% and the other account receives 3 % how much did I put in each account to make $150 annunally?

Click here to see answer by ankor@dixie-net.com(22740)

Question 979630: A total of $7000 is invested : part at 5% and the remainder at 10%. How much is invested at each rate if the anual intrest is $560?
Click here to see answer by Boreal(15235)

Question 535620: In how may years is required for ₱ 2,000.00 to increase by ₱ 3,000 if interest is 12% compounded semi - annually?
Click here to see answer by zuproc66(2)

Question 979623: What is present value of $4000 that is paid out at $25 per month for next 4 years
Click here to see answer by Alan3354(69443)

Question 979714: The revenue R received for selling x stereos is given by the formula
R = −(x^2/3) + 70x − 800.
How many stereos must be sold to obtain the maximum revenue?

Find the maximum revenue.
Click here to see answer by Alan3354(69443)

Question 979924: A real estate agent sells a house for $243,222. A sales commission of 5% is charged. The agent gets 62% of this commission. How much money does the agent get?
Click here to see answer by ikleyn(52787)

Question 979939: "A person buys a phone for $86 and signs up for a single-line phone plan with 2000 monthly anytime minutes. The plan costs $116.98 per month. Write an equation that can be used to determine the total cost, C(t), of this phone plan for t months." My question is, how do I come up with the formula again?! I'm reviewing for my midterm tomorrow, and this is only chapter one! Help!
Thanks in advance,
Anonymous
Click here to see answer by jim_thompson5910(35256)

Question 979922: A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?
Click here to see answer by rfer(16322)

Question 980087: A & B take equal amount of loan. A pays 8% Interest two times per year while b pays 12% Interest three times per year. After 17 years, B pays 1400 more than that of A. What amount they take the loan at starting?
Click here to see answer by Boreal(15235)

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