913 Answered Questions for the topic finance

Finance

09/19/13

09/15/13

Finance

09/15/13

09/15/13

#### An asset’s value was $1,439 7 days ago. If the asset’s value has uniformly increased and its value today is$1,522, what was its value 2 days ago?

An asset’s value was $1,439 7 days ago. If the asset’s value has uniformly increased and its value today is$1,522, what was its value 2 days ago? would you use geometric progression ?

09/15/13

08/31/13

#### Find the equivalent rate of interest for a discount rate of 7.5% for 60 days.

would i use the formula r= d/1-dn? which would be .075/1-.075(60/360) = .0625 or 6.25%

08/31/13

#### how long would it take to pay off a loan of $2,900 at 11% discount when the bank charges$638?

I am not sure what formula to use... maybe d=r/1+rn

08/30/13

#### Micheal wants his $3,200 to grow to$4,500 in 3 years. He has a saving account paying simple interest on savings.

Micheal wants his $3,200 to grow to$4,500 in 3 years. He has a saving account paying simple interest on savings. What rate of interest would help him achieve his goal?I am confused as to what... more

07/30/13

#### Suppose you were given $1000 from your uncle. You deposited that money in a bank and added$70 per month..

Suppose you were given $1000 from your uncle. You deposited that money in a bank and added$70 per month. Write an equation to model how much money you have deposited after months. Let S be the... more

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