1,238 Answered Questions for the topic finance

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.)
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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
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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?
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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?
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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.
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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?
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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?
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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
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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
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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
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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
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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.
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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?
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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!
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Finance Business

06/21/19

Your friend promises you a perpetuity of paying you some money every year forever. If the first payment is at year 1, r = 10% and PV0 for this perpetuity is $80, what is the first payment ?
Please state which formula to use, as well as step by step instructions. Thank you!
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Finance

06/20/19

who wants to be a millionaire?
Who Wants to Be a Millionaire? You just won $1 million dollars in the lottery! They offer you two options for your winnings: a lump sum payment right now, or $100,000 a year over the next 10 years.... more
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