Converting monthly to yearly rate
Question: Find the rate of interest if money is worth 18% compounded monthly?
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Problem: The profit P (in dollars) made by a fast food restaurant selling "x" hamburgers is: Find the open intervals on which P is increasing or decreasing.
Question: Determine how long it takes for $150.00 to become $2,000.00 if invested at 4% interest compounded quarterly.
What is the remaining amortization period on this mortgage? If the mortgage is renewed at the end of the first term for another 5 year term at 8% compounded semi-annually, how much are the new monthly payments?
A non interest bearing note of $2000 is discounted at 12% compounded quarterly for 5 years and 8 months. What are the proceeds?
What should be the face value of the note to give them the exact amount they need to pay cash for the merchandise?
Thirty days after borrowing the money, B. Good settled the debt by having it discounted at a simple interest rate of 7%. How much did G. Whiz recieve?
The farmer had a total of 70 acres available for these crops. He has $140 he can invest and 80 man days of labor available. How many acres of each crop should he plant for maximum profit?
The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?
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