1,261 Answered Questions for the topic finance

Finance Word Problems

12/12/17

401k Math problem
Part 1. Suppose that between the ages of 23-45 you contribute 3000 per year to a 401k and your employer contributes 1500 per year on your behalf. The interest rate is 8.1% compounded annually. What... more
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12/04/17

Will I get flagged by IRS or the bank for too many Deposits/Withdraws
I recently opened a business, I sold some of my personal items to buy bitcoin. I've been putting as much as possible into it. However every few days ill deposit $2k-$3k into the bank but withdraw... more
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11/26/17

Math of Investment PB
Determine the accumulated value of monthly deposits of $770 each after 10 years if the deposits earn 9.9%/year compounded quarterly. Assume that the deposits are made at the end of each month and... more
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Finance

11/08/17

How many months will it take to pay off the $25,000 loan at $500 per month at 12% APR compounded monthly?
What formula should I be using for this problem?
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Finance

11/08/17

A student borrows ​$6000 for tuition to be paid back at a simple interest rate of 5% in 3 months. How much does hehe pay back in 3 ​months?
A student borrows $6000 for tuition to be paid back at a simple interest rate of 5% in 3 months. How much does hehe pay back in 3 months?
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11/06/17

sarah is paying $2,400 to have a hot tub installed. she sets up an installment plan with the company that requires a 20% down payment. she currently has $500.25
sarah is paying $2,400 to have a hot tub installed. she sets up an installment plan with the company that requires a 20% down payment. she currently has $500.25 in savings does she have enough to... more
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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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