Basic Math question and answers for January 10, 2024
- Q A youth sports league held various fundraisers They received 490 from a car wash 383 from a bake sale and 169 from a used equipment sale The league decides to...
- Q Karen Gaines invested 14 000 in a money market account with an interest rate of 3 25 compounded semiannually Seven years later Karen withdrew the full amount to put toward...
- Q A recent high school graduate received 600 in gifts of cash from friends and relatives In addition he receive three scholarships in the amounts of 450 500 and 1100 If...
- Q Marcus receives an inheritance of 4 000 He decides to invest this money in a 12 year certificate of deposit CD that pays 3 5 interest compounded monthly How much...
- Q The Bells obtain a 30 year 130 000 conventional mortgage at a 9 5 rate on a house selling for 150 000 Their monthly mortgage payment including principal and interest...
- Q The Fritzes are buying a house that sells for 141 000 The bank is requiring a minimum down payment of 10 To obtain a 35 year mortgage at 9 0...
- Q Jane Roznowski wants to invest some money now to buy a new tractor in the future If she wants to hav 350 000 available in 3 years how much does...
- Q Adam wishes to have 18 000 available in 22 years to purchase a new car for his son as a gift for his college graduation To accomplish this goal how...
- Q Dante wants to buy a bond that will mature to 6000 in six years How much should he pay for the bond now if it earns interest at a rate...
- Q In the simple interest formula S P 1 rt find S when P 1500 r 0 075 and 1 127 365
- Q Chou Co has a net income of 58 000 assets at the beginning of the year are 265 000 and assets at the end of the year are 315 000...
- Q What would happen if when entering a transaction from June 2 you accidentally transposed the numbers and entered 560 0 instead of 650 How would you correct the entry on...
- Q For this question you should type which formula you should use simple compound annuity payout annuity loan You should also tell me which variable you will be solving for and...
- Q For this question you should type which formula you should use simple compound annuity payout annuity loan You should also tell me which variable you will be solving for and...
- Q A DVD rental company has 10 500 000 subscribers an increase of 140 from five years ago Find the number of subscribers five years ago
- Q Part 1 Every year after a new car is purchased it loses 25 of its value The purchase price of the c is 24 000 A buyer worries that the...
- Q What is the effective interest rate per quarter if the interest rate is 7 compounded monthly The effective interest rate per quarter is Round to three decimal places
- Q 4 35 U 2 expression equation Identify the variables coefficients and constants Enter your answers as a comma separated list If there is no answer enter NONE variables Classify coefficients...
- Q Clay Harden borrowed 24 000 from a bank at an interest rate of 10 compounded monthly The loan will be repaid in 48 equal monthly installments over four years Immediately...
- Q Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equip costing 248 000 at the end of three...
- Q Joe s starting salary as a mechanical engineer is around 80 000 Joe is planning to place a total of 8 of his salary each year in mutual funds Joe...
- Q What is the equal payment series for 12 years that is equivalent to a payment series of 15 000 at the end of t first year decreasing by 1 000...
- Q You have borrowed 50 000 at an interest rate of 12 Equal payments will be made over a three year period The fi payment will be made at the end...
- Q What is the present worth of these future payments a 25 500 eight years from now at 12 compounded annually b 58 000 twelve years from now at 4 compounded...
- Q You are about to borrow 15 000 from a bank at an interest rate of 8 compounded annually You are required to make three equal annual repayments in the amount...
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