Tutors Answer Your Questions about Money Word Problems (FREE)
Question 1008250: On the first day of the year, a man deposits $1000 in a bank at 8% per year, compounded annually. He withdraws $80 at the end of the first year, $90 at the end of the second year, and the remaining balance at the end of the third year. (a) How much does he withdraw at the end of the third year? (a) How much does he withdraw at the end of the third year? (b) what is his net cash flow (c) how much better off, in terms of net cash flow, would he have been if he had not made the withdraws at the ends of years one and two?
Click here to see answer by addingup(3677)  |
Question 1008277: you have saved up $4000 as a down payment on the car, but the rest will be borrowed from the bank at an interest rate of 4.9% compounded semi-annually for fours years. Calculate the principle (amount you need to borrow from the bank)
Click here to see answer by stanbon(75887) |
Question 1008307: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 40 shares of stock worth at the end of the day?
Click here to see answer by josmiceli(19441)  |
Question 1008342: If we have $4000 to put in the bank earning 4.5 % interest compounded 2 times per year; how long will it take before we double our money?
Your money would double in years.
If we have $P o to put in the bank earning 4.5 % interest compounded 2 times per year; how long will it take before we double our money?
Your money would double in years
Click here to see answer by lwsshak3(11628) |
Question 1008385: Suppose that the amount, in grams, of polonium 210 present in a given sample is determined by the function defined by: At = 400e?0.032t ......... where t is the time in years. Find the amount present in a sample of 400 grams after 25 years.
Click here to see answer by josgarithmetic(39613) |
Question 1008862: Brian is finishing a meal at his favorite restaurant. The check shows that the cost of the food is $42. He adds a 15% tip to the amount on the check. What is the total amount Brian paid? Write your answer up to two decimal places.
Click here to see answer by fractalier(6550)  |
Question 1008306: Ann's stock was worth 28.25 a share when the stock market opened for the day, and its value went down 3/8 during the day. If the amounts are in dollars, how many dollars were her 40 shares of stock worth at the end of the day?
Click here to see answer by fractalier(6550)  |
Question 1009095: You are part of the group taking a tour of the cave. tour cost six dollars for adults and four dollars for children your group pay $60 for the tour. Write an equation in slope intercept form for the total cost of the tour in terms of number of adults x and the number of children y
Click here to see answer by macston(5194)  |
Question 1009227: 1.A recent observation of the North Carolina State Debt Clock revealed that our state has accrued almost $54 billion in debt. If the current population of the state of NC is approximately 9,900,000 people, find the amount each citizen of NC would need to contribute to completely eliminate our state’s debt, assuming we would distribute the debt equally among all citizens
Click here to see answer by fractalier(6550)  |
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