19 Answered Questions for the topic Financial Mathematics

Financial Mathematics

06/07/18

For Matilda's investment loan, what simple interest rate is equivalent to 5 years of the compounded interest rate of 6.5%

 Financial Mathematics 
Financial Mathematics

05/23/18

the length of a room is 19 1/2 feet when using 1/4 inch = 1 foot scale, what would be the length of the wall on a floor plan

 Please help me, im struggling so bad
Financial Mathematics Compound Interest Interest

04/29/18

Financial Mathematics

Gabriella purchases a new car. The car's value in dollars, V, is modelled by the function  V(t) = 12870 - k(1.1)t , t ≥ 0   t- the number of years since the car was purchased  k - constant k =... more

02/14/18

Please Check my work: Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years

Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $2,500 is deposited in an account at an annual... more
Financial Mathematics Word Problem Math Help Math Word Problem

02/03/18

[NVM I FIGURED IT OUT] You work a shift from 9.00pm to 5.30am, you get paid $11.40/h before midnight and $13.75/h after, what is your income?

This is kind of an easy question and for the most part I've figured it out, (11.40 x 3 = 34.20 13.75  x 5__ = ____ add them together, etc.) The problem I actually have is that I've completely... more
Financial Mathematics

12/20/17

What deposit made today will provide for a payment of $1000 in 1 year and $2000 in 3 years if the effective rate of interest is 7.5%

I dont understand how they got the solution.    Solution :    PV= 1000v+ 2000v3 at 7.5%= 2,540.15 v=1.075-1
Financial Mathematics

12/19/17

How much will 1 BTC will grow over a period of 30 days if it has a growth of 10% a day?

Tried using the usual compound interest formula, but I'm used to working with annual rates
Financial Mathematics Percentages

10/22/17

The price of a computer is reduced by 10%. by what percentage must the new price be increased, to restore the original price?

The price of a computer is reduced by 10%. by what percentage must the new price be increased, to restore the original price?
Financial Mathematics

05/23/17

One year, Kirsten received a holiday loading of $403.12. What was her normal weekly wage?

Assuming that the holiday loading is 17.5% of her annual wage
Financial Mathematics Annuity

05/22/17

Annuity Help - Financial Math

An ad in an electronics store window reads, “Big-screen television: Was $3270: now $2890, or $500 down and $122.81 for 24 months on approved credit.” What is the annual interest rate, compounded... more
Financial Mathematics

05/10/17

Word problem for Financial Math

Rick has $1375 to invest. He wants to buy into Yum! Brands Food. Their current price per share is $64.38. How many shares can Rick afford?
Financial Mathematics

02/08/17

A sporting shop marks up its goods by 60%. If the marked price of a tennis racquet is $84, what is the cost price?

A sporting shop marks up its goods by 60%. If the marked price of a tennis racquet is $84, what is the cost price?  
Financial Mathematics

10/16/16

calculating the volume of each type of juice, in a bottle 2.5L fruit juice.

pineapple juice is 78%, orange juice is 15.5%, passionfruit is 4.5% and guava juice is 2%. there is 2.5 L juice in the bottle. Calculate the volume of each type pf juice, rounding answers to the... more
Financial Mathematics

09/21/16

what will your salary be after 5 years.

your first job pays $30,000 a year. after the first year you will get a 3% raise. after the fifth year, you will get a 6% raise. what will your salary be after 5 years?
Financial Mathematics

08/01/16

samantha borrows $129000 to buy a used car. the bank charges 7.2%p.a. flate rate of interests over 30 months. what is the total amount she repays

really need help. really confused
Financial Mathematics

07/29/16

If a current balance looked like this USD 4,0000 does that mean it's forty thousand dollars?

Weird number
Financial Mathematics Math Finance Math Answers

09/27/15

Monthly compounding question with balance

Suzanne opens a line of credit at a local bank, and immediately borrows 1870 dollars. 6 months later, she repays 1060 dollars. 5 months after the repayment, she borrows 570 more dollars. 6 months... more
Financial Mathematics

08/30/15

Home values in a town have declined 7% per year for each of the past four years. What was the total percentage decrease in home in the four years?

Home values in a town have declined 7% per year for each of the past four years. What was the total percentage decrease in home values during the four-year period. Round to the nearest percentage... more

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