606 Answered Questions for the topic Finite Math

Finite Math

10/07/19

Assume that 21 questions are answered by guessing. What is the probability of exactly 21 correct answers?
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Finite Math Probability

10/01/19

What is the probability that a weighted coin was selected given that heads was flipped?
5 coins are put in a bag. 2 of the coins are weighted with the probability of flipping heads being three times as great than the probability of flipping tails; the remaining coins are fair. One of... more
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Finite Math Math Matrix Matrices

09/30/19

When do you need to find the Inverse in order to solve a system of equations?
In class we learned how to solve a system of equations by using a matrix and performing the gauss-jordan elimination method. We also learned a method where you use the gauss-jordan method to find... more
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09/29/19

Determining the size of quarterly installments
The management of Gibraltar Brokerage Services anticipates a capital expenditure of $20,000 in 2 years for the purchase of new computers and has decided to set up a sinking fund to finance this... more
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09/29/19

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. P = 16,000, r = 4, t = 6, m = 12
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P... more
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09/28/19

Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in the account after 25 years if the account earns interest at the rate of 2.5%/year compounded yearly?

Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in the account after 25 years if the account earns interest at the rate of 2.5%/year compounded... more
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09/26/19

Contribute $4500/year into a Keogh account. How much $ after 25 years if the account earns interest at the rate of 2.5%/year compounded yearly? (Round your answer to the nearest cent.)

Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in the account after 25 years if the account earns interest at the rate of 2.5%/year compounded... more
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09/26/19

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P... more
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09/26/19

Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)

Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1100/semiannual period for 6 years at 4%/year compounded semiannually. Im hoping i can find an affordable... more
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09/26/19

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $250/month for 19 years at 6%/year compounded monthly

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $250/month for 19 years at 6%/year compounded monthly= $______
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Finite Math

09/26/19

How many ways can 6 different contracts be distributed amongst 14 different​ firms, if no two contracts are awarded to the same​ firm?
Please thoroughly explain the steps.
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09/25/19

3Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year.

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P... more
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09/25/19

Find the present value of the ordinary annuity.
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $150/month for 13 years at 3%/year compounded monthlyThanks!
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09/25/19

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1200/quarter for 5 years at 4%/year compounded quarterly$_____ Looking for a tutor that could help... more
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09/24/19

How many days will it take for $1400 to earn $12 interest if it is deposited in a bank paying simple interest at the rate of 6%/year? Interest, Money and Business
How many days will it take for $1400 to earn $12 interest if it is deposited in a bank paying simple interest at the rate of 6%/year? (Use a 365-day year. Round your answer up to the nearest full... more
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09/24/19

Interest rate quarterly, finding dollar amount to satisfy the ending balance amount

Find how much money should be deposited in a bank paying interest at the rate of 5.5%/year compounded quarterly so that at the end of 3 years, the accumulated amount will be $50,000. (Round your... more
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09/24/19

Compounded interest quaterly and continuously, Investing, Business
Having received a large inheritance, Jing-mei's parents wish to establish a trust for her college education. Seven years from now they need an estimated $130,000. How much should they set aside in... more
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09/24/19

Find the present value of $20,000 due in 3 years at the given rate of interest.
Find the present value of $20,000 due in 3 years at the given rate of interest.4%/year compounded monthly ___%/ year I get very confused on problems like these so any help would be GREATLY... more
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09/24/19

Find the effective rate corresponding to the given nominal rate.
Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal places.)4%/year compounded quarterly____% /yearI would appreciate any help on... more
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09/24/19

Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years.

Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. P = $47,000 , r = 2.75% , t=8 , compounded quarterly A=$______any help or guidance... more
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Finite Math

09/17/19

Assume that product codes are formed from the letters Q, R, S, T, X, Y, and W, and consist of 5 not necessarily distinct letters arranged one after the other. For example, QQQSS is a product code.
 How many different product codes are there?
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Finite Math

09/12/19

A mutual fund pays 10% compounded monthly. How much should I invest now so that 3 years from now I will have $3200 in the account?
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Finite Math

09/09/19

How many of these casts include Sally?

 Assume that there are 8 unfilled roles: 4 male and 4 female. There are 5 men and 6 women, including Sally, auditioning for a part in the play.
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Finite Math Probability

09/08/19

Assignment of positions
 Assume that you have a committee of 15 members, made up of 8 men and 7 women.In how many ways can the 3 tasks be assigned so that both men and women are given assignments? 
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Finite Math Math

09/05/19

Writing a Linear Equation
Temperature measured in degrees Celsius (C) is related to temperature measured in degrees Fahrenheit (F) by a linear equation. Water boils at 100°C and 212°F. Water freezes at 0°C and 32°F. Find... more
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