1,249 Answered Questions for the topic finance

Finance

11/05/17

AMORTIZED LOANS
$500 are deposited into an account quarterly for five years at an interest rate of 7.7% compounded quarterly. How much is in the account at the end of the 5 years?     PLEASE SHOW ALL STEPS AND... more
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Finance

11/05/17

AMORTIZED LOANS
A bank offers a CD that pays a simple interest rate of 8.5%. How much must you put in this CD now in order to have 4,000 for a home-entertainment center in 5 years.   PLEASE SHOW ALL STEPS AND... more
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11/04/17

29. James has $3,000 in credit card debt, which charges 14% interest.
29.James has $3,000 in credit card debt, which charges 14% interest. How long will it take to pay off the card if he makes the minimum payment of $60 a month?
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11/04/17

27. Pat depos its $6,000 into an account earning 4% compounded monthly.
27.Pat deposits $6,000 into an account earning 4% compounded monthly. How long will it take the account to grow to $10,000?
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11/04/17

25. Emile bought a car for $24,000 three years ago.
25.Emile bought a car for $24,000 three years ago. The loan had a 5 year term at 3% interest rate. How much does he still owe on the car?
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11/03/17

Math Finance question help
How many months would it take for a $5065 debt to increase to $6127 if interest compounds every 4 months at an annual rate of 5.9%? 
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Finance

10/29/17

FINANCE: ANNUITIES
Nestor is building a new swimming pool for $11,000. He makes a $2,000 down payment and the builder gives him an add-on loan, charging him an annual interest rate of 7.6%. If he takes a 4-year loan,... more
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Finance

10/29/17

FINANCE: ANNUITIES
$500 are deposited into an account semiannually for six years at an interest rate of 5.5% compounded semiannually. How much is in the account at the end of the 6 years?     PLEASE SHOW STEPS AND... more
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Finance

10/21/17

COMPOUND INTEREST
Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 10.7% annual interest rate, compounded quarterly, in order to have $40,000... more
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Finance

10/21/17

QUESTION BELOW
You would like to have $74,000 available in 15 years. There are two options. Account A has a rate of 4.5% compounded once a year. Account B has a rate of 4% compounded daily. How much would you... more
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Finance

10/21/17

QUESTION BELOW
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.Principal: $80,000 Rate: 2.5% Compounded: daily Time: 17 years   A.... more
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Finance

10/19/17

Principal P borrowed and loan’s future value A at time t is given. Determine loan’s simple interest rate r to nearest tenth of a percent.
P=6000.00 A=7260.00 t=3 years
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Finance

10/19/17

ind the​ loan's future value​ A, or the total amount due at time t. P=​$3000​, r=5.5%, t=4 months
Do not round until the final answer. Then round to the nearest cent as needed.
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Finance

10/19/17

Find the simple interest owed for the use of the money. Assume 365 days in a year. P=​$14,500, r=6​%, t=90 days
Do not round until final answer. Then round to nearest cent as needed.
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Finance

10/19/17

Find the simple interest owed for the use of the money. Assume 365 days in a year. P​ = ​$3000, r​ = 3​%, t​ = 1 year
Round to nearest cent if possible
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Finance

10/19/17

Find the simple interest owed for the use of the money. Assume 365 days in a year. P​ = ​$3000, r​ = 33​%, t​ = 1 year
Round to nearest cent if possible
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Finance

10/08/17

How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 5% interest compounded monthly.
How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 5% interest compounded monthly.
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Finance

09/24/17

You have just won the lottery and will receive $540000
You have just won the lottery and will receive $540,000 as your first payment one year from now. you will receive payments for 26 years. The payments will increase in value by 4 percent each year.... more
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09/09/17

A has an expected return of 10%
  If you have 2 assets: A has an expected return of 10% and has a standard deviation of 25%, B has an expected return of 8% and a standard deviation of 25%. For a portfolio with 1/2 weight in each... more
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Finance

08/24/17

How do I calculate the future value of this account?
Suppose I'm earning 2.5%/week on my account whose principal value is $500. Every two weeks I add $150 to the account. What will the value of the account be after 1 year? What is the formula (Pe^Rt... more
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08/20/17

just a simple clarifying question! Urgent!
If a trial balance on 30 April 2017 shows:                                  Debit ($) MAINTENANCE            2800     With the additional info that: The company is billed for maintenance... more
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Finance

08/09/17

Corporate Finance
The Cambridge Opera Association has come up with a unique door prize for its December 2019 fund-raising ball: Twenty door prizes will be distributed, each one a ticket entitling the bearer to... more
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Finance

06/24/17

You are given a choice of taking the simple interest on $ 100,000
You are given a choice of taking the simple interest on $ 100,000 invested for 3 years at a rate of 4% or the interest on $100 comma 000100,000 invested for 3 years at an interest rate of 44%... more
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Finance

06/24/17

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 5%
6) You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 5%or the interest on 100,000 invested for 2 years at an interest rate 5% compound monthly.Which... more
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Finance

06/24/17

2) A recent high school graduate received $ 700 ​
2) A recent high school graduate received $ 700in gifts of cash from friends and relatives. In addition,sheshereceived three scholarships in the amounts of $ 350,$ 500 and $1000if she takes her... more
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