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

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Question 1201234: A perpetuity pays 1800 dollars on January 1 of 1980, 1982, 1984, ..., and pays
dollars on January 1 of 1981, 1983, 1985, ... If the present value on January 1, 1975 is 27000 dollars, and the effective rate of interest is 7.9 percent, what is
?
Answer =
dollars.
Click here to see answer by ikleyn(52754)

Question 1201313: Triangle ABC is given where m(angle)A=33 degrees, a=15 in., and the height, h, is 9 in. How many distinct triangles can be made with the given measurements? Explain your answer.
Click here to see answer by Theo(13342)

Question 1201355: If you wanted to make $794 by investing $1680 for 2 years in an account that pays simple interest, what interest rate you would need to achieve your goal?
rate(%):
Click here to see answer by ikleyn(52754)

Question 1201357: Suppose you could make a single "lump sum" deposit of $7694, in an investment that provides an Annual Percentage Rate(APR) of 3% compounded monthly. Determine the Future Value(FV) of the investment after 18 years.
Click here to see answer by ikleyn(52754)

Question 1201359: Find the time required for an investment of 5000 dollars to grow to 7100 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Your answer is t = ____ years
Click here to see answer by ikleyn(52754)

Question 1201358:
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Question 1201356:
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Question 1201345: Hi, I was wondering if someone could assist and explain this question to me.
Instagram has a revenue function of 𝑅(𝑞)=5𝑞^2−10𝑞+600 and a cost function of
𝐶(𝑞) = 3𝑞^2+200, where 𝑅(𝑞) and 𝐶(𝑞) are measured in thousands of dollars and q
represent the number of companies who advertise on their platform measured in hundreds.
Instagram has a capacity to advertise for 10000 companies in any given month on its
platform.
a) How much will Instagram’s marginal cost be for advertising at 74% of its
capacity?
Click here to see answer by ikleyn(52754)

Question 1201416: Fifteen years ago a couple purchased a house for $150,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 4.86% compounded monthly.Find the balance of the loan after 16 years and after 17 years?Find the total amount of interest paid by the couple during the 17th year.

Click here to see answer by ikleyn(52754)

Question 1201415: A couple has decided to purchase a $140000 house using a down payment of $14000. They can amortize the balance at 10% over 15 years.
a) What is their monthly payment?
b) What is the total interest paid?
c) What is the equity after 5 years?
d) What is the equity after 10 years?
Click here to see answer by ikleyn(52754)

Question 1201414: Suppose you take out a mortgage for $550000 at 7.5% interest per year compounded bi-weekly. If your mortgage is amortized over 25 years, what is your monthly mortgage payment? How much interest will you pay the lender by the end of the mortgage?
What is the monthly interest rate corresponding to the effective annual rate?
Click here to see answer by ikleyn(52754)

Question 1201425: Suppose you take out a mortgage for $300000 at 6.5% interest per year compounded annually. If your mortgage is amortized over 10 years, what is your monthly mortgage payment. How much interest will you pay the lender by the end of the mortgage?
What is the monthly interest rate corresponding to the effective annual rate

What are the monthly payments

What is the total interest paid?

Click here to see answer by Theo(13342)

Question 1201426: Fifteen years ago a couple purchased a house for
by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at
% compounded monthly.
(a) Find the monthly payment for this loan.
Monthly Payment:

(b) Find the balance of the loan after
After 17 years After 18 years
Loan Balance:
Loan Balance:

(c) Find the total amount of interest paid by the couple during the 18th year.
Interest Paid During 18th year:

Click here to see answer by math_tutor2020(3816)

Question 1201478: Please help me with this problem. Would greatly appreciate your help!
You win the lottery and get $100 per day for 25 years. Assuming a yearly interest rate of 6%, compounded daily, how much is the series of payments worth in today's dollars?
Click here to see answer by ikleyn(52754)

Question 1201485: A couple has decided to purchase a $190000 house using a down payment of $12000. They can amortize the balance at 9% over 20 years.
a) What is their monthly payment?
Answer = $
b) What is the total interest paid?
Answer = $
c) What is the equity after 5 years?
Answer = $
d) What is the equity after 15 years?
Click here to see answer by mananth(16946)

Question 1201513: An investment of P8,500 is made at the end of each year with interest of 3.5% compounded annually. What is the total amount of investment after 6 years?
Click here to see answer by Theo(13342)

Question 1201533: Most scholarships are established by making a one time deposit into an account. The scholarship money is then taken from the earned interest on the account at the end of each investment year. How much money should you deposit into an account earning an annual interest rate of
compounded continuously to establish an annual scholarship worth $1500
?

Click here to see answer by Glaviolette(140)

Question 1201538: Suppose that an annuity will provide for 20 annual payments of 1260 dollars, with the first payment coming 9 years from now. If the nominal rate of interest is 8.6 percent convertible monthly, what is the present value of the annuity?
Answer =
dollars.

Click here to see answer by Glaviolette(140)

Question 1201532: Suppose that an annuity will provide for 20 annual payments of 1260 dollars, with the first payment coming 9 years from now. If the nominal rate of interest is 8.6 percent convertible monthly, what is the present value of the annuity?
Click here to see answer by Theo(13342)

Question 1201571: A boy sold candies and collected Php 238, part in Php 1-coins and part in php 5-coins. If there are 1 1/2 times more Php 5-coins than Php 1-coins, how many of each kind were there?

Click here to see answer by josgarithmetic(39613)

Question 1201595: Monique bought a shirt for 22.80 during a 30% off sale. How much does the shirt cost when it is not on sale?
Click here to see answer by Glaviolette(140)

Question 1201624: This is Business Math. Please use the financial calculator BAII Plus for this:

Kelsey Bleakney purchased property worth $125,600, she paid 18% down and quarterly mortgage payments of $1474.53, at the beginning of every quarter, for 30 years. If this account is compounded quarterly, what is the interest rate? Calculate the percentage correct to 3 decimal places.
Amount borrowed after downpayment=
Interest rate=
Contribution=
Amount of interest=
Click here to see answer by ikleyn(52754)

Question 1201629: This is Business Math. Please use the financial calculator BAII Plus for this.
What period of time is required for $107.00 deposited by Kelly Zhu at the beginning of each month at 12.85% compounded quarterly to grow to $13,000.00?
As you have set the calculator to consider monthly payment, the answer the calculator gives you (N) is in months. However, your answer must be in years, months, and days.
N (number of periods, must be correct to at least 5 decimal places)
N=
Years, months and days must be whole numbers, no decimal places. If the days are a decimal value, round the days up to the next whole day.
Years=
Months=
Days=
Click here to see answer by ikleyn(52754)

Question 1201626: This is Business Math. Please use the financial calculator BAII Plus for this.
What is the rate of interest, compounded daily, at which payments made by Shannon Lowe of $335.00 made at the beginning of every six months accumulate to $8200.00 in eight years?
Your percentage answer needs to be correct to exactly 3 decimal places.
Interest rate=
Contribution=
Interest amount=
Click here to see answer by ikleyn(52754)

Question 1201625: This is Business Math. Please use the financial calculator BAII Plus for this:
Mandy To signed an installment contract for the purchase of a car which required payments of $759.82 at the beginning of every month for the next five years. Interest is 6.25% compounded monthly.
Present value=
Contribution=
Amount of interest=
Click here to see answer by ikleyn(52754)

Question 1201630: This is Business Math. Please use the financial calculator BAII Plus for this.
A deposit of $4,200 is made today for a period of five years. For how long can $500 be withdrawn from the account at the end of every three months starting three months after the end of the five year term if the interest is 5.75% compounded quarterly?
a. What is the annuity worth after the deferral period?
b. What is the value of N? (Correct to 8 decimal places)
c. How many payments? (Round n up to the next payment)
d. The term of the annuity will be ____ years and ______ months. (These answers are both whole numbers, no decimals)
Hint: as the question deals with quarters months can only be in blocks of 3)
Click here to see answer by Theo(13342)

Question 1201661: Please help me with this problem. Thank you for your help in advance!
*Three friends want $3,000,000 at the end of 10 years. How much money
should they put into an account each month that pays 7% annual interest
compounded monthly?*
Click here to see answer by ikleyn(52754)

Question 1201662: Could you please help me with this problem?
Mr.Cruz wants to borrow $40,000 from the bank to buy the new Ford F-150 Lightning.
If the bank can offer him a five year loan for 2.5% annual interest compounded monthly,then what will his monthly payments be?
Click here to see answer by ikleyn(52754)

Question 1201711: the loan of 25000 euros is amortized for 8 years with 7% interest (and semiannual capitalization). how much will the semester annuity be?

Click here to see answer by Theo(13342)

Question 1201746:
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Question 1201745: Create a trinomial that has x-6 as a factor.
Click here to see answer by ikleyn(52754)

Question 1201744: Write a trinomial that has a GCF of 7x to exponent of 2
Click here to see answer by josgarithmetic(39613)

Question 1201744: Write a trinomial that has a GCF of 7x to exponent of 2
Click here to see answer by greenestamps(13195)

Question 1201744: Write a trinomial that has a GCF of 7x to exponent of 2
Click here to see answer by ikleyn(52754)

Question 1201744: Write a trinomial that has a GCF of 7x to exponent of 2
Click here to see answer by math_tutor2020(3816)

Question 1201784: On Melissa's 6th birthday, she gets a $500 CD that earns 5% interest, compounded . If the CD matures on her 16th birthday, how much money will be available?
Click here to see answer by Alan3354(69443)

Question 1201792: Suppose that $2000 is loaned at a rate of 7.5%, compounded annually. Assuming that no payments are made, find the amount owed after 8 years.Do not round any intermediate computations, and round your answer to the nearest cent.
Click here to see answer by ikleyn(52754)

Question 1201820: Solve the following system of equation by graphing
Y=2x-6
2x-3y=-6
Click here to see answer by josgarithmetic(39613)

Question 1201818: Determine the y value, and first and second differences for
Y=-x exponent 2+2x+7
Click here to see answer by greenestamps(13195)

Question 1201829: A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 higher than in the first. The tax in the first city was 7%, and the tax in the second city was 8%. The total hotel tax paid for the two cities was $865. How much was the hotel charge in each city before tax?

Click here to see answer by math_tutor2020(3816)

Question 1201833: Introduce variables and write two equations

A collection of dimes and quarters is worth $15.25. There are 103 coins in total. How many of each kind of coin is there?
Click here to see answer by josgarithmetic(39613)

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7606..7650, 7651..7695, 7696..7740, 7741..7785, 7786..7830, 7831..7875, 7876..7920, 7921..7965, 7966..8010, 8011..8055, 8056..8100, 8101..8145, 8146..8190, 8191..8235, 8236..8280, 8281..8325, 8326..8370, 8371..8415, 8416..8460, 8461..8505, 8506..8550, 8551..8595, 8596..8640, 8641..8685, 8686..8730, 8731..8775, 8776..8820, 8821..8865, 8866..8910, 8911..8955, 8956..9000, 9001..9045, 9046..9090, 9091..9135, 9136..9180, 9181..9225, 9226..9270, 9271..9315, 9316..9360, 9361..9405, 9406..9450, 9451..9495, 9496..9540, 9541..9585, 9586..9630, 9631..9675, 9676..9720, 9721..9765, 9766..9810, 9811..9855, 9856..9900, 9901..9945, 9946..9990, 9991..10035, 10036..10080, 10081..10125, 10126..10170, 10171..10215, 10216..10260, 10261..10305, 10306..10350, 10351..10395, 10396..10440, 10441..10485, 10486..10530, 10531..10575, 10576..10620, 10621..10665, 10666..10710, 10711..10755, 10756..10800, 10801..10845, 10846..10890, 10891..10935, 10936..10980, 10981..11025, 11026..11070, 11071..11115, 11116..11160, 11161..11205, 11206..11250, 11251..11295, 11296..11340, 11341..11385, 11386..11430, 11431..11475, 11476..11520, 11521..11565, 11566..11610, 11611..11655, 11656..11700, 11701..11745, 11746..11790, 11791..11835, 11836..11880, 11881..11925, 11926..11970, 11971..12015, 12016..12060, 12061..12105, 12106..12150, 12151..12195, 12196..12240, 12241..12285, 12286..12330, 12331..12375, 12376..12420, 12421..12465, 12466..12510, 12511..12555, 12556..12600, 12601..12645, 12646..12690, 12691..12735, 12736..12780, 12781..12825, 12826..12870, 12871..12915, 12916..12960, 12961..13005, 13006..13050, 13051..13095, 13096..13140, 13141..13185, 13186..13230, 13231..13275, 13276..13320, 13321..13365, 13366..13410, 13411..13455, 13456..13500, 13501..13545, 13546..13590, 13591..13635, 13636..13680, 13681..13725, 13726..13770, 13771..13815, 13816..13860, 13861..13905, 13906..13950, 13951..13995, 13996..14040, 14041..14085, 14086..14130, 14131..14175, 14176..14220, 14221..14265, 14266..14310, 14311..14355, 14356..14400, 14401..14445, 14446..14490, 14491..14535, 14536..14580, 14581..14625, 14626..14670, 14671..14715, 14716..14760, 14761..14805, 14806..14850, 14851..14895, 14896..14940, 14941..14985, 14986..15030, 15031..15075, 15076..15120, 15121..15165, 15166..15210, 15211..15255, 15256..15300, 15301..15345, 15346..15390, 15391..15435, 15436..15480, 15481..15525, 15526..15570, 15571..15615, 15616..15660, 15661..15705, 15706..15750, 15751..15795, 15796..15840, 15841..15885, 15886..15930, 15931..15975, 15976..16020, 16021..16065, 16066..16110, 16111..16155, 16156..16200, 16201..16245, 16246..16290, 16291..16335, 16336..16380, 16381..16425, 16426..16470, 16471..16515, 16516..16560, 16561..16605, 16606..16650, 16651..16695, 16696..16740, 16741..16785, 16786..16830, 16831..16875, 16876..16920, 16921..16965, 16966..17010, 17011..17055, 17056..17100, 17101..17145, 17146..17190, 17191..17235, 17236..17280, 17281..17325, 17326..17370, 17371..17415, 17416..17460, 17461..17505, 17506..17550, 17551..17595, 17596..17640, 17641..17685, 17686..17730, 17731..17775, 17776..17820, 17821..17865, 17866..17910, 17911..17955, 17956..18000, 18001..18045, 18046..18090, 18091..18135, 18136..18180, 18181..18225, 18226..18270, 18271..18315, 18316..18360, 18361..18405, 18406..18450, 18451..18495, 18496..18540, 18541..18585, 18586..18630