I need some help on setting up this problem, and how to find the formula to get the correct answer.. Here it is: A retiree needs a yearly income of $10,200 from his $150,000 IRA to help fund...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. Here it is: A retiree needs a yearly income of $10,200 from his $150,000 IRA to help fund...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

Phyllis invested 67000 a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments...

Maria bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop...

Q: A school increases its intake by 10% each year. If it starts with 1000 students, how many will it have at the beginning of the fourth year of expansion? The answer from the answer sheet...

Adam sold a sports car that he restored for $48,000. He paid 28% of this amount to the body shop that did some of the custom work. The balance was invested in two ways, some of it at 3.25%...

Miss Crystal Palace just purchased – you guessed it – a crystal palace for $650,000. She makes a 25% down payment and finances the balance with a mortgage at an interest rate of 5.6% for 15...

jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?

I have a test that is due tonight at 9 and normally I don't do this, but I really need this.PLs help

This question is for my math class

Phyllis invested 32000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these...

The bank offers you a 6% continuously compounding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be (use 3 significant figures...

The bank offers you a 8% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be?

After 8 years, Jame's account earned $600 in interest, If the interest rate (in decimal form) is 0.06, how much did Jame's initially invest ?

Give 3 decimal places in your answer and include units.

Find the annual simple interest rate of a loan, where $1000 is borrowed and where $1080 is repaid at the end of 19 months

The annual interest on a $9000 investment exceeds the interest earned on a $6000 investment by $135. The $9000 is invested at a 0.5% higher rate of interest than the $6000. What is the interest rate...

Sherrie invested some money at 7% interest. Sherrie also invested $242 more than 4 times that amount at 6%. How much is invested at each rate if Sherrie receives $427.13 in interest after one year...

Mr. Jones borrowed $3,680 from Scotiabank for 6 months at 8.75% per annum. Find: (a) The sum of money Mr. Jones had to pay the bank as simple interest. (b) The total amount of money repaid...

Amy M.

Statistics Tutor Specializing in Real World Applications

Montclair, NJ

4.9
(23 ratings)

Rachel K.

Princeton '13 Math Tutor

New York, NY

5.0
(32 ratings)