Financial Math Answers

if $5000 grows to $5623.12 after 1 year, with interest compouded continuously, what is the interest rate. how long will it take the original amount to grow?

George Penny will receive $31,250 for the next 12 years as a payment for a slogan he coined. Currently a 11 percent discount rate is appropriate and i want to calculate PV

A company analyses its profits for four consecutive years, from 2007 to 2010. the profit made in 2007 was twice that in 2009. the profit made in 2008 was R14million more than the profit made in 2009, while the profit made in 2010 was R4 million less than the profit made in 2007. If the total made in these four years was R58million determine the profit made in each year.

In 3 months Ann needs to repay $200.How much did she borrow today if the bank is charging 9% per annum on the loan?

Ken just bought a house. He made a $15000 down payment and financed the balance with a 30 year home mortgage loan will an annual interest rate of 6.3% compounded monthly. His monthly mortgage payment is $938. What was the selling price of the house?

Luis Mahla purchases a Porsche Boxster for $46,800 and finances the entire amount at an annual interest rate of 5.4% for 8 years. Find the monthly payment. Assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price. (Round your answer to the nearest cent.)

Explain and justify which plan would best suit her needs.
a.
Samantha should not switch to the interval use plan, which would cost $126.00 more per month.
b.
Samantha should switch to the interval use plan, which would save her $126.00 per month.
c.
Samantha should switch to the interval use plan, which would save her $35.50 per month.
d.
Samantha should not switch to the interval use plan, which would cost $35.50 more per month.

danielle and jim baraka have obtained a $70,000 mortgage loan at an annual interest rate of 8.00 percent for 30 years. what is the monthly payment, total amount paid, and the total interest?

You have 152 employees they are paid $10.40 per hour how much do you need to make in order to pay their wages for a year

A person estimates that he can afford a mortgage payment of $1,200 per month. He can obtain a 30-year mortgage at an interest rate of 11.25 percent. What is the largest mortgage loan he can afford?