1,246 Answered Questions for the topic finance

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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Finance

06/22/17

a zero -coupon bond that will pay $1,000 in 12 years is selling today for $355.53. What interest rate does the bond offer?
Can someone please help me answer this question I've been working on it for a while and I am stuck 
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Finance

06/09/17

Inflation and Nominal Returns
Suppose the real rate on your investment is 5.5 percent and the inflation rate is 1.6 percent. What nominal rate would you expect to see on your investment? Use the Fisher Effect... more
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