1,308 Answered Questions for the topic finance

Finance Math Business

09/15/13

Suppose that an asset’s cash flow decreases at a constant rate of 4% per year. Use the geometric progression.
a. If the asset’s initial cash flow is $1,000 (a1 = 1000), what will the asset’s cash flow be in 23 years? (a23 = ?)b. What is the total sum of the asset’s cash flows for 50 years (starting from... more
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Finance Business

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 ?
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Finance Math Business

09/15/13

Suppose that a stock’s price
Suppose that a stock’s price is $48 at the end of Day 1. If the price of the stock increases by 30% during Day 2, 20% during Day 3 and then decreases by 5% during Day 4, what is the total... more
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09/05/13

Gen is interested in seeing how the money grows. Her mom suggests that she take the money in her piggy bank....
Gen is interested in seeing how the money grows. Her mom suggests that she takes the money in her piggy bank and deposits it in a local bank paying 8.5% compounded quarterly. IF she finds $700 in... more
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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%
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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
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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
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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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