1,261 Answered Questions for the topic finance

10/01/19

Financial Algebra Word Problem

Sam invests the earnings of $3000 from her full-time job. She invests part of the money at 5%/year, and the rest at 4%/year. After one year, these investments earn $140 simple interest. How much... more
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09/29/19

College algebra problem. Stuck.
Santos just retired, and has $870,000 to invest. A very safe Certificate of Deposit (CD) account pays 1%, while a riskier bond fund pays 5.5% in interest. Santos figures he needs $22,000 a year in... more
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09/26/19

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P... more
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09/25/19

3Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year.

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P... more
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09/25/19

Find the present value of the ordinary annuity.
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $150/month for 13 years at 3%/year compounded monthlyThanks!
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09/24/19

Interest rate quarterly, finding dollar amount to satisfy the ending balance amount

Find how much money should be deposited in a bank paying interest at the rate of 5.5%/year compounded quarterly so that at the end of 3 years, the accumulated amount will be $50,000. (Round your... more
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09/24/19

Compounded interest quaterly and continuously, Investing, Business
Having received a large inheritance, Jing-mei's parents wish to establish a trust for her college education. Seven years from now they need an estimated $130,000. How much should they set aside in... more
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09/24/19

My family’s circumstances have changed dramatically since we filed the CSS/Profile and the FAFSA. Can the college take these changes into consideration?
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09/18/19

Increase sales price based on the discount I would like to offer
I would like to increase my selling price based on the discount I offer so I never drop below a threshold. For ExampleI sell an item at $100, which is the least I can sell at, but I would like to... more
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09/18/19

What will one share of S&P common stock be worth ten years from now if the applicable discount rate is 8 percent?
S&P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. Last week, the company paid a dividend of $2.00 a share. The company adheres to a constant rate of... more
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09/18/19

What is the maximum amount you should pay to purchase a share of this stock if you require a 12 percent rate of return?
Rosita's announced that its next annual dividend will be $1.65 a share and all future dividends will increase by 2.5 percent annually. What is the maximum amount you should pay to purchase a share... more
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09/18/19

If the current market rate for this type and quality of bond is 7.5 percent, then Rosina should expect:
Rosina purchased a 15-year bond at par value when it was initially issued. The bond has a coupon rate of 7 percent and matures 13 years from now. If the current market rate for this type and... more
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09/18/19

What is the yield to maturity?
Otto Enterprises has a 15-year bond issue outstanding with a coupon of 8 percent. The bond is currently priced at $923.60 and has a par value of $1,000. Interest is paid semiannually. What is the... more
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09/18/19

What is the market price of this stock if the market rate of return is 15 percent?
New Corp. last paid a $1.50 per share annual dividend. The company is planning on paying $1.62, $1.68, $1.75, and $1.80 a share over the next four years, respectively. After that the dividend will... more
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09/18/19

Which one of the following statements is correct if the market rate decreases to 7 percent?
Mason's has a 5-year, 8 percent annual coupon bond with a $1,000 par value. Dixon's has a 10-year, 8 percent annual coupon bond with a $1,000 par value. Both bonds currently have a yield to... more
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09/18/19

What is the current value per share at a discount rate of 14 percent?
Martin's Yachts is expected to pay annual dividends of $1.40, $1.75, and $2.00 a share over the next three years, respectively. After that, the dividend is expected to remain constant at $2.00 per... more
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09/18/19

What is the maximum price you should pay per share if the company pays a constant $2.70 annual dividend per share?
You have decided to purchase shares of GHC but need an expected 12 percent rate of return to compensate for the perceived risk of such ownership. What is the maximum price you should pay per share... more
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09/18/19

A banker invested a portion of 10,000 at 5% interest per year and the remainder at 4% interest per year. If the banker received 470 in interest after one year how much was invested at each rate

Should be self explanatory:)
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09/18/19

To what sum will $3000 amount to in 10 years if invested at a 6% effective annual rate for the first 5 years and than at a rate of 6% compounded semiannually thereafter?
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09/16/19

If you deposit money today in an account that pays 13% annual interest, how long will it take to double your money? Round your answer to two decimal places.
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09/16/19

Math homework help
During one week, the stock market did the following: Monday rose 18 points, Tuesday rose 31 points, Wednesday dropped 5 points, Thursday rose 27 points and Friday dropped 38 points. If it started... more
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Finance

09/16/19

Faye Sim is paid $276 a week. The FICA tax rate is 7.65%. What amount is withheld for FICA?
A. $21.11B. $254.89C. $297.11D. $22.08
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Finance Algebra 2 Other

09/13/19

The Student Budget
Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours during the week. However, she picks up an eight hour Sunday shift once a... more
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Finance

09/12/19

Fiance question please help!
please help with this question$5,000 is deposited today into a bank account. The account earns 6.3% per annum compounded half yearly for the first 6 years, then 7.2% per annum compounded quarterly... more
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Finance

09/11/19

What is the NPV of the project? 
Hall Corp. has 25,000 shares of common stock outstanding with a market price of $32 a share and an expected dividend yield of 5.7 percent. Dividends increase by 4.2 percent annually. The firm also... more
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