1,246 Answered Questions for the topic finance

Finance Math Investment

07/18/19

Investment and compounding help
jane roznowski wants to invest some money now to buy a new tractor in the future. if she wants to have ​$350,000 available in 3 ​years, how much does she need to invest now in a cd paying 4.55​%... more
Follows • 1
Expert Answers •1

07/17/19

How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)
How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)
Follows • 1
Expert Answers •1

07/17/19

Find the time required for an investment of $3000 to grow to $8000 at an interest rate of 6.5% per year, compounded quarterly. (Round your answer to two decimal places.)
Find the time required for an investment of $3000 to grow to $8000 at an interest rate of 6.5% per year, compounded quarterly. (Round your answer to two decimal places.)
Follows • 1
Expert Answers •1
Finance

07/16/19

Find the accumulated value of an investment of $10,000 for 4 years at an interest rate of 5% if the money is
Find the accumulated value of an investment of $10,000 for 4 years at an interest rate of 5% if the money is? A. Compounded semiannually; b. Compounded quarterly; c. Compounded monthly d.... more
Follows • 2
Expert Answers •1

07/15/19

A person invested #6000 at 9% simple interest per year. How long will it be before investment is worth 9000 or more?
A person invested #6000 at 9% simple interest per year. How long will it be before investment is worth 9000 or more?
Follows • 1
Expert Answers •1
Finance Interest Annuity

07/13/19

Interest and Annuity
A man starts working a day after he celebrates his 23rd birthday. He wants to have a fund that could, from the date of his retirement at age 58, give him a benefit payment of $6000 at the end of... more
Follows • 1
Expert Answers •1

07/12/19

Bonds and Force of Interest?
Studying for FM/2 and ran into this problem dealing with bonds;A 1,000 par value 3 year bond with annual coupons of 50 for the first year, 70 for the second year, and 90 for the third year is... more
Follows • 1
Expert Answers •1

07/12/19

Why is nominal interest defined the way it is?
So if nominal interest is 12% compounded monthly, it is actually 1% compounded each month. It is not 12% effective year, though it is close (It is 12.7%) So why don't we/they say 1% compounded... more
Follows • 1
Expert Answers •1

07/12/19

Perpetuity Immediate Present Value Question?
>A perpetuity-immediate pays $X per year. Brian receives the first n payments, Colleen receives the next n payments, and Jeff receives the remaining payments. Brian's share of the present... more
Follows • 1
Expert Answers •1

07/12/19

Determine fair price of a digital option?
>A ***digital option*** pays one dollar at time $t = T$ if the asset price isabove a fixed level (strike) $K$ and is worthless otherwise. >Consider the followingmodel, with $r =... more
Follows • 1
Expert Answers •1

07/12/19

Fair Strike of a 1 Year Forward?
Good day, I have been tasked with this question and I am unsure if my understanding and work so far is correct.>On January 1st 2018 AAA shares were trading at $30USD$ per share. >The shares... more
Follows • 1
Expert Answers •1

07/12/19

Reinvesting the interest (generalized version)?
If I deposit \\$1 at $t=0$ into an account which credits interest at the end of each year at a force of interest $\\delta_t$ (assume it's integrable.) Then, if I reinvest the interest at an annual... more
Follows • 1
Expert Answers •1

07/12/19

Isolating for i?
So this might seem a bit fundamental, but in financial math the following equation gives you the price for a bond$$P = C \\frac {1-(1+i)^{-n}} {i} + B(1+i)^{-n}$$where $P$ is the price of the... more
Follows • 1
Expert Answers •1
Finance

07/12/19

Early Appliance Payoff
Marie relaxed her washer and dryer with a new set with a purchase price of $1450. She paid $150 down and financed the remainder over 2 years at 5.5% APR. Instead of making her 12th payment she... more
Follows • 2
Expert Answers •1
Finance

07/09/19

What is the present value of CD with 4% annual interest that matures in 1 year with the value of $3000? What is the future value? What factor would determine which value you chose to use?
Follows • 1
Expert Answers •1

07/03/19

What percentage of individuals fail the Series 7 exam?
The answer is around 50%. My level ofexpertise guarantees that you pass the exam the first time.
Follows • 1
Expert Answers •1
Finance Algebra 2 Algebra

07/03/19

A $1,000 treasury bond with a current yield of 5.2% that is quoted at 107 points. The annual interest is what?
Follows • 1
Expert Answers •1

06/26/19

Business Math Problem
You deposit $1,000 for 4 years at an interest rate of 2%. If the interest is compounded quarterly. how much money do you have after the 4 years?
Follows • 1
Expert Answers •1
Finance

06/24/19

You deposit $150 in a saving account that earns simple interest at a rate of 5.5% per year.How much interest will you have earned after 4 years
Follows • 1
Expert Answers •1

06/24/19

How do I answer this?
Several years ago, Ned Stark borrowed $250,000 from the Bank of the Seven Kingdoms and used it to buy an apartment building. Mr. Stark, very busy visiting Winterfell, has not been able to rent any... more
Follows • 1
Expert Answers •1

06/24/19

I need some help figuring this out...
Troy Acheman is a sports caster for Everyone’s Sports Presentations Nightly. While Troy was covering a professional football game from the sideline, the Birds famous wide receiver, Harry Race, ran... more
Follows • 2
Expert Answers •1
Finance Algebra 2 Algebra

06/24/19

marginal cost of a product
The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For​ example, if the marginal cost of producing the 50th product is​ $6.20, it cost​ $6.20... more
Follows • 1
Expert Answers •1

06/22/19

Compounded Interest Continuously
How much would you need to deposit in an account now in order to have $6,000 in 15 years? Assume the account earns 3% interest compounded continuously.
Follows • 1
Expert Answers •2
Finance

06/21/19

Treasury bond calculation

I have a $1500.00 Treasury bond with a current yield of 2.7% that is quoted at 113.7 points. I need to Compute the annual intrest. What is the equation and what do the points mean?
Follows • 1
Expert Answers •1
Finance Math Business

06/21/19

Your friend promises you a perpetuity of paying you some money forever.If the first payment is at year 2, the first payment is $10 and PV0 for this perpetuity is $150, what is the interest rate?
The friend is paying money yearly. Please help me decide which formula to use and clear steps to take. Thanks!
Follows • 1
Expert Answers •1

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.