Basic Math question and answers for January 01, 2024
- Q The population of the prosperous city of Mathopia was 200,000 people in the year 2000. In the year 2022, the population is 1,087,308. What is the annual growth rate, r...
- Q a. Suppose you make an investment of $3,000 in an account earning 9.6% interest compoundedmonthly. How many years will it take for your investment to grow to $125,000?SHOW YOUR WORK...
- Q Mr. Johnston has been investing $5,000 into his savings plan at the end of every year for the last 17 years. His investments have earned 10. 6% compounded semiannually. If...
- Q Elysa bought a car priced at $11,042 for 15% down and equal semi-annual payments for 3 years. If interest is 6% compounded quarterly, what is the size of the semi-annual...
- Q At what interest rate (to the nearest hundredth of a percent), would an investment of $50,000 double if it compounds monthly for 10 years? 0.0699% 6.95% 0.0699 7.00%
- Q According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to...
- Q Matt is saving to buy a new motorcycle. If he deposits $45 at the end of each month in an account that pays an annual interest rate of 7.5%, how...
- Q A bank offers two types of investment, the first one offers $200 rebate, and its annual interest rate is 2.3% every year. The second investment has no rebate but offers...
- Q Use the compound interest formulas A = P(1+r)^nt and A = Pe^rt to solve.Find the accumulated value of an investment of $13,000 at 4% compounded semiannually for 9 years.$15,536.20$17,680.00$18,567.20$18,503.05
- Q Scheduled payments of 558 dollars, $1393 and $573 are due in 1 1/2 years, 3 1/2 years add five and a half years respectively. What is the equivalent single replacement...
- Q $7000 are invested in a bank account at an interest rate of 7 percent per year.Find the amount in the bank after 11 years if interest is compounded annually.Find the...
- Q How long will it take an investment to triple in value under continuous compounding, if theinterest rate is 4%?
- Q (a) Keith entered a raffle to win a movie ticket. The probability that he wins a movie ticket is 8 11. Find the odds in favor of him winning a...
- Q A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $$9.00 the average attendance per game has been 23000. When the price dropped to...
- Q You invested $5000 between two accounts paying 6% and 8% annual interest, respectively. If the total interest earned for the year was $380, how much was invested at each rate?$...
- Q The Venn diagram below shows the 11 students in Ms. Brown's class.The diagram shows the memberships for the Art Club and the Computer Club.Note that "Goran" and "Latoya" are outside...
- Q Find the amount of each payment that must be made into a sinking fund to accumulate each amount.1. $57,000; money earns 4% compounded semiannually for 8.5 years.2. $1,056,788; money earns...
- Q Let M be a o-algebra on a set X. For E EM, let 1(x) be an indicator function of E. Besides, let c> 0 be a constant. Show that cle(x)...
- Q A person purchased a $204,246 home 10 years ago by paying 20% down and signing a 30-year mortgage at 9.6% compounded monthly. Interest rates have dropped and the owner wants...
- Q Lush Gardens Co. bought a new truck for $56,000. It paid $5,600 of this amount as adown payment and financed the balance at 5.50% compounded semi-annually. If thecompany makes payments...
- Q 7. Suppose you invest $500 at an annual interest rate of 7.1% compounded continuously. How much will you have in the account after 4 years? Round the solution to the...
- Q Mark plans to invest $2,000 to save up for a small business start-up. He estimates that in 5 years he will need $4500 to start the business. Find the interest...
- Q Advanced Mathfind the total amount due on a loan of 8000 aed at 9% simple interest at the end of 4 months
- Q e Saskatchewan Roughriders started a rainy day savings fund 4.5 years ago to help pay for stadium improvements. At the beginning of every quarter team has deposited $15,000.00 into the...
- Q Future value of an Annuity McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a new warehouse in Medicine Hat 2 years from today. To...
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