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## Dylan from Beverly Hills, CA's Resources

The bank offers you a 8% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be?

Victoria plans to make deposits of \$310 at the end of every three months into a savings account in the hopes of saving up for a used car. If the account earns interest at a rate of 6% compounded quarterly,...

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out \$4300 out of his account after 21 months. How...

Ricardo takes out a loan from Enrique. It is agreed that Ricardo will pay back the loan in two payments, \$3154 after 2 years and \$2397 after 6 years. Ricardo decides he wants to renegotiate the payment...

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out \$4300 out of his account after 21 months. How...

Big Stan has a choice of two different investment options. The first is to invest \$13354 at 7% compounded continuously. The second is to invest \$17217 at 7% compounded monthly. After 1 years, write...

Suppose that after 9.5 years, an investment exactly doubles its value. If interest is compounded semiannually, what is the nominal rate of interest? Express the rate as a percentage, not...

You are looking to save up enough money to buy L.A Kings premium club seats, which retail for \$1155.40. You want to invest sufficient money today in order to pay for the tickets in 9 months. Assuming...

One year ago, Paul divided an investment of \$42000 into two equal amounts placed in separate accounts. Both accounts have a nominal rate of interest of 8%. The first account is compounded quarterly,...

Ricky Bobby open a savings account, where the interest rate changes according to the portion of the principal. The account works as follows: For \$0-1000, the interest rate is 1%. For the portion of...

Rocky and Adrien are selling their house. Offer #1 puts \$8000 down and pays the lump sum \$143282 in 4 months. Offer #2 puts \$8000 down and pays the lump sum \$153881 in 13 months. At what rate of interest...

Rocky and Adrien are selling their house. Offer #1 puts \$8094 down and pays the lump sum \$140010 in 3 months. Offer #2 puts \$8094 down and pays the lump sum \$178520 in 13 months. Assume their money...

Next summer you are planning a trip to Ibiza that will set you back roughly \$3900. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th...

A firms profit from selling a particular item is given by the profit function p(x)=41.67x-106. If this same firm has a total cost function given by TC(x)=18.71x+106, then what is the selling price...

A company has a profit function given by: Profit = (22.85 - c)x - 11585, where x represents the number of units being sold and c is the cost of producing the good. The company breaks...

Happy Planet drinks price change as the quantity sold changes. In particular p=10-0.057x. The total cost to produce the drinks are \$8 per drink. Their production factory costs \$1662 per month. What...

Happy Planet drinks price change as the quantity sold changes. In particular p=19-0.005x. The total cost to produce the drinks are \$5 per drink. Their production factory costs \$1903 per month. What...

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