Mathematics of Finance

Find the simple interest 1) $4902 at 9.5% for 11 months Find the amount of interest earned 2) $3954 at 8% compounded annually for 12 years Find the present value 3) $17,650 in 4 years, 8% compounded quarterly Find the future value 4) $500 deposited at the end of each 6-month period for 8 years; money earns 6% co ...continues

Mathematics in Finance - Buying and Selling a House

The Zambrano family bought a house for $91,000. They paid $20,000 down and took out a 30-year mortgage for the balance at 9%. a. Find their monthly payment. b. How much of the first payment is interest? After 180 payments, the family sells its house for $136,000. They must pay closing costs of $3700 plus 2.5% of the sale pr ...continues

Mathematics in Finance

Show your work (Show the formula, the values of the variables in the formula, and the result of the formula). Final answers should be rounded to the nearest cent (two decimal places). Beware of rounding intermediate results. 1. A resident of the United States has a base income of $23,000 after adjustments for deductions. N ...continues

Statistics - Range. Standard Deviation

Find the range and standard deviation for: 14, 17, 18, 19, 32. Find the following area under the standard normal curve: between z=-1.88 and z=2.10. Find a z-score such that 8% of the area under the curve is to the right of z.

Find the number of possible combinations of picking 2 items out of 6.

Find the number of possible combinations of picking 2 items out of 6. ------------------------------------------------------------------------------------------------------- How many permutations of answers are possible in a true-false test consisting of 10 questions? ------------------------------------------------- ...continues

Algebra/Linear Program

See attached file for full problem description. 1. Find the equation of the line shown: 2. A bank loaned $15,000, some at an annual rate of 16% and some at an annual rate of 10%. If the income from these loans was $1800, how much was loaned at 10%? 3. Write the augmented matrix of the system: 4. Perform the row operati ...continues

Finite Mathematics

I am having problems with numbers 1-5 of the attached document. I understand numbers 6-10, but I can't seem to comprehend how to solve numbers 1-5.

Finite Math

1. What is the ending balance from an initial deposit of $4,250 at 12% compounded quarterly for 6 years? 2. Find the present value of $5,000 in 5 years at 10% compounded annually. 3. Find the value of an annuity in which $1,100 is deposited at the end of each year for 5 years, at an interest rate of 11.5% compounded ann ...continues

Finite Math

1. Find the present value of an ordinary annuity with annual payments of $1,000, for 6 years, at 10% interest compounded annually. 2. In a marketing survey, consumers are asked to give their first three choices, of 9 different drinks. In how many different ways can they indicate their choices? 3. A class consists of 15 ...continues

Finite Math

1. Two cards are drawn at random from an ordinary deck of playing cards. The first is not replaced before the second is drawn. What is the probability that: a. Both cards are aces? b. At least one card is black? 2. Using the following sample: 28, 30, 24, 30, 32, 40, 22, 25, 26, 34 a. Find the mean. b. Find the media ...continues