1,236 Answered Questions for the topic finance

04/15/17

Present Value and Future Value word problem
Wolverine deposits $1500 in a retirement savings plan at the end of every 6 months for 20 years. The money earns 11% per year compounded semi-annually. After 20 years, Wolverine coverts the... more
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03/25/17

Which type of formula would you use?
You deposit $4,000 in a savings account at a bank that has a rate of 4% compounded quarterly. Find the amount of money in the account after 5 years.
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Finance Annuity Mat142

03/24/17

I'm confused with these type of problems
Deep's property tax is $626.78 and is due April 15. He does not pay until July 6. The county adds a penalty of 7.3% simple interest on unpaid tax. Find the penalty Deep will pay. (Assume there are... more
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03/24/17

Help, How would you set this up?
Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in... more
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03/24/17

How would you do this problem?
Matt is saving to buy a new motorcycle. If he deposits $40 at the end of each month in an account that pays an annual interest rate of 4.5%, how much will he have in 30 months? Assume that the... more
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03/19/17

Need help w/ equation
Hi, I have the following homework problem:"Here are a new company’s Revenues and Expenses for its first six months of operations Revenues ExpensesMonth 1 $9,000 $18,000Month 2 $12,000 $18,000Month... more
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Finance

03/12/17

Finance question
If some spends 2,852 on metal roofing and 1,800 on labor and took out a loan to cover the cost at 8.75 percent for 6 months how much was the loan
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Finance

03/10/17

What is the present value of an asset that yields $1,500 in 5 years & $3,000 in 10 years if the discount rate is 8%?
What is the present value of an asset that yields $1,500 in 5 years & $3,000 in 10 years if the discount rate is 8%?
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03/04/17

The p-value for the two-sided hypothesis test is 0.04. How would you interpret the p-value?
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30... more
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Finance

02/14/17

Finance question
Use the information below for the Greek Corporation to answer the following questions.Balance Sheet Accounts of Greek CorporationAccountBalance 12/31/2014Accumulated depreciation$3,060Accounts... more
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Finance

01/30/17

finance question
Assume that you want to retire in 30 years. You intend to invest $200 per month into a mutual fund that you expect to return 12% per year (1% monthly). If you continue making these monthly... more
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01/28/17

I need to create a furmela for a business commission
 Dear heros,   i would like to create a exel formula for commercial commissions which will start from 5% if the deal is =<500,000  then it would be decreased till reach to 2.5% when it equals... more
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Finance

01/17/17

How much was invested at each rate?
Mrs. Alford invested $5100 in securities. Part of the money was invested at 2% and part at 5%. The total annual income was $138.
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Finance

12/30/16

how does higher taxes threat the economy or citizens
I am reading a book by Robert Kioysaki and he explains that during a lifetime, you will face 4 gorillas. One of the gorillas is higher taxes. He breifly says how whenever money is printed, taxes... more
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12/19/16

You deposit $300 each month into an account earning 7% interest compounded monthly.
You deposit $300 each month into an account earning 7% interest compounded monthly.a) How much will you have in the account in 20 years?b) How much total money will you put into the account?c) How... more
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12/19/16

You would like to have $750,000 when you retire in 25 years. How much should you invest each quarter if you can earn a rate of 4.2% compounded quarterly?
You would like to have $750,000 when you retire in 25 years. How much should you invest each quarter if you can earn a rate of 4.2% compounded quarterly?a) How much should you deposit each... more
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Finance

12/16/16

finance question
You currently own a 30 year Treasury Bond at 4% interest, paid semiannually. The market interest rates for like securities rose to 5%. Would your bond sell for a premium or a discount? Why? What... more
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Finance

12/12/16

needs to finance $30,000 for 72 months
in spring 2010, some car dealers offered 2 deals on a new car: (1) a cash-back allowance of $500 of (2) 0% financing for 72 months.
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12/05/16

Student Loan Debt Question
Here is the question:   A student takes on $30,000 of debt in September 1 of 2016 at an annual interest rate of 8%. She makes no payments while in school. On November 1, 2019 she prepares to... more
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11/28/16

Rounding question
Suppose I have the following question:Every week the sales of a band’s album drop by the same percentage relative to the previous week’s sales. In its first week an album sells 8,000 copies. In its... more
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Finance

10/17/16

Currency Exchange Rate
Global electronics Inc. invested $1,000,000 to build a plant in a foreign country.  The labor and materials used in production are purchased locally.  The plant expansion was estimated to produce... more
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Finance Math Interest

10/04/16

Find the present value of a loan of $14,700 at 12% interest for 210 days if money is worth 10%
My finance class hasn't begun time value yet but it's part of our homework. Help?
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Finance

09/17/16

Etimate the dollar amount you would receive from the factor for your receivables if the collection periodd was thirty days or less.
Assume tht the operationof your business resulted in sales of $370,000 last year. Year-end receivables are $100,000. You are considering factoring the receivables to raise cash to help finance your... more
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Finance

09/12/16

can you please help solve
A principal of $7000 is invested in an account paying an annual rate of 5.5%. Find the amount in the account after 3 years if the account is compounded semiannually, quarterly, and monthly
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Finance

09/03/16

bond finance homework
You currently own a 30 year Treasury Bond at 4% interest, paid semiannually. The market interest rates for like securities rose to 5%. Would your bond sell for a premium or a discount? Why? What... more
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