1,249 Answered Questions for the topic finance

Finance Mathematics

01/06/21

Jack and jill each inherit $1200, they do the following with this money:
Jack and Jill each inherit $1200. Jack invests $1000 of this money and spends the rest. He anticipates that the value ofthis investment will grow by approximately 8% per year. Jill purchases a... more
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Finance Math Investment

01/03/21

How would I calculate daily compounding interest on a yearly base?
A crypto program takes a total investment and returns a 1% daily interest rate.So if I invest $1000, after 24 hours my investment remains $1000 and my interest is $10, but that $10 is then... more
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12/22/20

A worker invested $26,000 into two accounts, one yielding 5% interest and the other yielding 12%. If he recieved a total of $1720 at the end of the year, how much did he invest at 5% ?
A worker invested $26,000 into two accounts, one yielding 5% interest and the other yielding 12%. If he recieved a total of $1720 at the end of the year, how much did he invest at 5% ?
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12/17/20

Lal made a down payment of 10,000 toward the purchase of his new house.

Lal made a down payment of 10,000 toward the purchase of his new house. To pay off the rest of the house, lal secured a loan from her bank at 3.2% per year compounded monthly. Lal will have to pay... more
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Finance Math Business

12/15/20

Suppose a person invests a total of $10,000 in two accounts. One account earns 8% annually and the other earns 9% annually. ... (continues in description)

Suppose a person invests a total of $10,000 in two accounts. One account earns 8% annually and the other earns 9% annually. If the total interest earned from both accounts in a year is $860, how... more
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12/14/20

Jacob deposited a total of $2000 with two different savings institutions.

Jacob deposited a total of $2000 with two different savings institutions. One pays interest at a rate of 4% per year, whereas the other pays interest at a rate of 10% per year. If Jacob earned a... more
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12/13/20

Financial management
Susanna wants to purchase a house costing $203,346. She plans to put $49,498 toward a down payment and finance the rest at 3.2% payable monthly for 30 years. If she stays with this payment schedule... more
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12/13/20

What is the present worth of the depreciation tax held?
Company A purchases $200,000 of equipment in year zero. It decides to use straight-line depreciation over the expected 20 years life of the equipment. The interest rate is 14%. If its average tax... more
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Finance Math

12/08/20

Help me solve this problem
Jasmine wants to go to a university to complete a course in four years’ time. She estimates that she needs $40,000 to finish the course. How much must she invested in a bank every month for the... more
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Finance

11/25/20

How long does it take for my money to triple itself at 9.5% compounded semi-annually?
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Finance Math Mathematics

11/25/20

Suppose you want to have the equivalent of $45,000 in today’s dollars in the year you retire(2062). How much is this? Assume the annual inflation rate is 3.2% between now and the year you retire.
Please show the steps so I can use the example for other questions !
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Finance

11/20/20

If your check "bounces," that means there wasn't enough money in your account to pay the check.

It's about financial and I'm trying to figure out the question because it is true or false
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Finance

11/19/20

How to solve: You paid 1,178 for a corporate bond that has a 10.79% coupon rate. What is the bonds current yield?
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11/19/20

determine how much Larry should deposit each month into his account so that both men will have the same amount of money in their accounts at age 65
Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free retirement account earning interest at the rate of 3.5%/year compounded monthly. Larry, who is the... more
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11/18/20

How many calendars would the company need to sell if the total profits from each option are to be equal?
"After exploring both options, we have determined that the quality and deliverability time will be identical in each case. Calendars will sell for €15 each. Printing calenders though a... more
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11/16/20

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $900/semiannual period for 15 years at 4%/year compounded semiannually
1) Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)$900/semiannual period for 15 years at 4%/year compounded semiannually2) Find the amount (future... more
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Finance Algebra

11/13/20

Use the future value formula to find the indicated value. n=20;i=0.03;PMT=$80;FV=?
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Finance

11/03/20

What are the attributes of a financial System and what are the characteristics of an efficient financial system?

It should be in detail.
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Finance

10/29/20

Finance Question
You are given the following information for ABC Inc.:(1)  The risk free rate is 5%.(2)  The rate of return on the market is 8%.(3)  The expected growth rate in dividends is 4%.(4)  The last... more
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Finance

10/29/20

Finance Question
If $100 is placed in an account that earns 3%, compounded monthly for 6 years, what will it be worth in 6 years?
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Finance Math

10/27/20

Maximum Revenue
The manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 496 dollars per month. A market survey suggests that, on the average, one additional... more
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Finance

10/23/20

How to calculate retirement investment
Part 1: Sarah Wiggum would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4% annually. How... more
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Finance

10/21/20

finance question

Assume that you contribute $250 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $500 per month for another 25 years. Given a 9.0 percent interest... more
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10/21/20

A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How much was invested into each account if the total interest for the year was $327.50.
A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How muchwas invested into each account if the total interest for the year was $327.50.
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10/16/20

Breakeven Question
Sally’s Skate Company offers roller skating lessons. Her facility is her only fixed cost, at $800/month. Her instructor rate (a variable cost) is $60 per hour. She has no other costs. If each... more
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