A company uses a type of truck which costs P2M, with life of 3 years and a final salvage value of P320,000. How much could the company afford to pay for another type of truck for the same purpose, whose life is 4 years with a final salvage value of P400,000, if money is worth 4%?

Q: One safe investment pays 10% per year, and a more risky investment pays 18% per year. A woman who…

A: Given : A woman who has $145,800 to invest would like to have an income of $20,020 per year from her…

Q: Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows…

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Q: Tom and Jerry decided that their profit and loss sharing ratio should be equal to their initial…

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Q: 2. Nicole and Janice received a total of P 600 in 5-peso coins last Christmas from their…

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Q: A tutor at ABC learning center receives a monthly base pay of P8,000 corresponding to a P5,000…

A: Solution :-

Q: A salesperson earns a weekly salary of $900 plus a commission rate of 4% on all sales.  What did the…

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Q: Jessica has half of her investments in stock paying an 11% dividend and the other half in a stock…

A: Let A be the investment with 11% intrest B be the investment with 13% intrest. Total intrest amount…

Q: If he allocates equal proportion to three stocks what would be his return?

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Q: A fuel company charges monthly finance fees of 1.6 percent for the first $500 due and 0.4 percent…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: If Ben invests $ 4 000 at 4 % interest per year, how much additional money must he invest at 5 12 %…

A: Given thatBen invests $ 4 000 at 4 % interest per yearlet the amount invested at 512% per year=x…

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If his earned…

A: To find the investment in each account.

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

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Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: Doing a quick calculation, I found that a sum of $10,000 in 1993 had the same buying power as…

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Q: A machine costs 150,000 and will have a scrap value of 10,000 when retired at the end of 15 years.…

A: Solution

Q: A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be…

A: The depreciation formula is given by; W=C(1-d100)n where C is the current worth and w is the worth…

Q: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…

A: In this question we have to find the amount which is loaned out at 8%.

Q: A lambo sells for $48,000 if the price deprecates at 18% rate per year , how old will it be before…

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Q: Mr. Cruz sold a chair at a loss of 15%. If he had sold at a mark up rate of 10%, he would have got…

A: Please see the attachment

Q: One safe investment pays 2% per year, and a more risky investment pays 14% per year. A woman who has…

A: Given,Total investment = $144000Income required per year = $10560

Q: If an investor invests $23,000 into two bonds, one that pays 4% in simple interest, and the other…

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Q: A three-bedroom house in Buena Park is worth 596,000. If the cost of a house increases at 8.4% per…

A: #2. From the given information, the given model is an growth model. Given that, the initial is…

Q: earned

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Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: An executive invests $24,000, some at 6% and the rest at 4% annual interest. If he receives an…

A: To find: The amount invested in 6% rate of interest and 4% rate of interest. Given: Some of the…

Q: Three students are planning to rent an apartment for a year and share equally in the cost. By adding…

A: Given: Three students are planning to rent for a year and share equally in the cost. by adding a…

Q: How much money will be in the account of Mr. Jinyoung Park at the end of three years, if he invested…

A: Given:- If invested ₱5,000 in an account paying 8% annually for three years To find:- How much money…

Q: Robert invested a total of $5,900 at two separate banks. One bank pays simple interest at a rate of…

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Q: The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of…

A: Given information Pw=P392,000 r=5.4% ⇒r=5.4100=0.054 And n=4 years The annual cost is given by…

Q: The price of a new $20,000 car today is expected to increase at an average rate of $950 per year.…

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Q: How can $52,000 be​ invested, part at 8% annual simple interest and the remainder at 5% annual…

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Q: Michelle borrows a total of $6500 in student loans from two lenders. One charges 4.8% simple…

A: Given- Michelle borrows a total of $6500 in student loans from two lenders. One charges 4.8% simple…

Q: A salesman works for a base salary of $450 a month plus 4% commission on all the merchandise he…

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Q: Prisha, James, and Zhang each invested $7,000, $24,000, and $18,000, respectively, into a business.…

A: We will find out the required values.

Q: Suppose that a wealthy benefactor agrees to give you one penny today and then double the amount she…

A: Given data is : 1 penny on the first day  2 pennies on the second day 4 pennies on the third day and…

Q: Jamil wants to renovate his Studio in 6 years. He estimates the cost to be $15474. How much should…

A: Given, Future value FV=15474$ Rate of interest r=8%=0.08 Number of times per year m=1 time t=6 years…

Q: A bank loaned out $5,500, part of it at the rate of 12% annual interest, and the rest at 3% annual…

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Q: Brod Pete sold his 300m² lot worth 225,000 pesos /m² . Mr. And Ms Long was interested to buy the lot…

A: Expected selling price of the lot = 225,000 pesosm2                            atotal area of the…

Q: If you pay $20.55 each month for your cell phone for two years, how much is the total cost of your…

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Q: A state lotto has a prize that pays $1,400 each week for 15 years. Find the total value of the…

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Q: Banks will often loan businesses large sums of money for short periods of time. If a company needs a…

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Q: New Kia Soul costs $17,546. After one year its cost depreciation is 13%. What is a price of Kia Soul…

A: The value of vehicles depreciates with time. So we have to calculate depreciation cost and reduce it…

Q: An executive invests $22,000, some at 6% and the rest at 5% annual interest. If he receives an…

A: Let the investment at 6% = $xSo,Investment at 5% = $(22,000-x)Interest for 6% = $6x100Interest for…

Q: How much money does John have to reinvest from his father‘s account.

A: The formula for simple interest is A=P(1+rt). Here A is the amount obtained after the deposit of P…

Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: How can $54,000 be invested, part at 8% annual simple interest and the remainder at 10% annual…

A: Given simple interest are 8% and 10%  investment is $54000 interest earned by the two accounts will…

Q: A builder of homes reduced the price of a model by 15%. If the new price is $170,000, what was its…

A: Given: The price of home is reduced by 15%. The new price is $170,000. To find the original price.…