A man wishes to save money by setting aside 1 cent the first day, 2 cents the second day, 4 cents the third day, and so on. (a) If he continues to double the amount set aside each day, how much must he set aside on the fifteenth day? (b) Assuming he does not run out of money, what is the total amount saved at the end of the 30 days?

Q: 4. A bank loaned out $10,000, part of it at the flat rate of 10% per year and the rest at the flat…

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Q: 2. Jeff invested some of his P 1,500,000 retirement benefit at 12% and the rest at 15% yield. How…

A: Let the investment at 12% benefit be : X  Let the investment at 15% benefit be : Y Therefore X + Y =…

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: The manager of a large apartment complex knows from experience that 85 units will be occupied if the…

A: Given,           The manager of a large apartment complex knows from experience that 120 units will…

Q: That a two-bedroom house in Nashville is worth $110,000 and appreciates at a rate of 2.5% each year…

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Q: A firm buys 22 computers at $600 each, with the bill due in 120 days. How much must the firm deposit…

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Q: how much is the dividend Mr. Sanchez will receive?

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Q: Pamela Mello is paid on an incremental commission schedule. She is paid 2.6% on the first $70,000…

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Q: A man gets a job with a salary of $33,200 a year. He is promised a $2,450 raise each subsequent…

A: Salary is 33,200 a year raise is 2450  . This forms an arithmetic progression the value of a=33200…

Q: A man gets a job with a salary of $32,500 a year. He is promised a $2,190 raise each subsequent…

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Q: 7. If an investor invests $23,000 into two bonds, one that pays 4% in simple interest, and the other…

A: As per our guideline we are supposed to be answer only one question you can repost other question in…

Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

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Q: 3. How long will 1 million pesos carn a simple interest of P300,000 at 5% per annum? 4. How much…

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Q: Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long…

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Q: A machine is valued at $10,000. If the depreciation at the end of each year is 40% of its value at…

A: Price at start of first year =$10000 depreciation every year = 40%

Q: Joy invests a total of $13,500 in two accounts. The first account earned a rate of return of 13%…

A: as per our company guideline we are supposed to answer only one qs kindly post remaining qs in next…

Q: Danny creates up an investment arrangement for a friend that will return $5000 the first year, $6125…

A: We are given that the returns during the first year are $5000, during the second year are $6125, and…

Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

Q: 5--A bank loaned out $17,500, part of it at the rate of 8% annual interest, and the rest at 6%…

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Q: To pay for the new machinery in 10 years, a company owner invests $15,000 at 7.5% compunded…

A: To find the money available

Q: Sameer borrows $160,000 from a bank in the form of a 15-year mortgage to purchase a house. If he…

A: Principal amount is the amount you took and interest is the amount repaid extra apart from the…

Q: 2. The average price of a compact car is $20,000. If the value of the car depreciates an average of…

A: Given: The average price of a compact car is $20,000.

Q: Danny creates up an investment arrangement for friend that will return $5000 the first year,$6125…

A: See the attachment

Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: (4) 7200 - Arun borrowed a sum of money from Jayant at the rate of 8% simple interest for the first…

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Q: A farmer loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the…

A: We have given that  Amount borrowed = 100000 Rate = 20%

Q: . If you save $50 this month, $70 the next, $90 the next month and so on, a. How much will you be…

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Q: A man gets a job with a salary of $31,700 a year. He is promised a $2,390 raise each subsequent…

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Q: A machine is valued at $10,000. If the depreciation at the end of each year is 20% of its value at…

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Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

Q: A country taxes the first $30,000 of an individual's income at a rate of 20%, and all income over…

A: Given problem:- A country taxes the first $30,000 of an individual's income at a rate of 20%, and…

Q: 1. To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How…

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Q: A man gets a job with a salary of $39,500 a year. He is promised a $2,440 raise each subsequent…

A: 1) Base Salary of man is $39 000 2) Raise for subsequent year is $2,440 3) Calculate the salary for…

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: At the beginning of the year Anna invested a portion of her $90, 000 revenue from the sale of her…

A: The amount invested for 8% annual simple interest be x. The interest would be, I=r·P=0.08x. The…

Q: How much will you need to invest each year over the next 40 years in order to meet your savings goal…

A: It can be calculated by using the formula: FV=PV((1+R)^t-1)/r Where FV=Future Value PV= Present…

Q: the

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Q: 2. Mr. del Rosario's recent salary for a year is P150 000. The head of the company gave him…

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Q: As an employee, would you have a higher final income after being given a $1800 raise at the end of…

A: Case I :  It has been given that $1800 raise at the end of each year for 5 years.            So in 5…

Q: A man gets a job with a salary of $33,000 a year. He is promised a $2,200 raise each subsequent…

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Q: How long will an amount of money triple at a simple interest rate of 1% per annum? At what simple…

A: 1. Let principal P be x and amount be 3x. We know that, A=SI+P 3x=SI+xSI=2x The value of R is 1% or…

Q: man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Given: Future value required 17 years=60,000

Q: 4. What is the net earnings of an employee if his gross earning is P25,000 and his total deduction…

A: according to our guidelines we can answer only three subparts, or first question and rest can be…

Q: Ahmed saves Rs 8 . in the first week. Rs. 10 in the second week, and continues to increase his…

A: Consider the given statement " Ahmed saves Rs 8 in the first week, Rs 10 in the second week and…

Q: 2. A computer shop charges P20.00 per hour (or a fraction of an hour) for the first two hours and an…

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Q: A machine is valued at $10,000. If the depreciation at the end of each year is 10% of its value at…

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Q: You have $5,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

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Q: how much should you set aside and invest in a fund earning 9 compunded accumulated 200000 in 3 years…

A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…