Questions from Financial Algebra

Q: The market value of a home is $311,000.

The market value of a home is $311,000. The assessed value is x dollars. The annual property tax rate is a dollars per $1,000 of assessed value. Express the semi-annual property tax bill algebraically...

Q: The straight line depreciation equation for a luxury car is y 5

The straight line depreciation equation for a luxury car is y 5 23,400x 1 85,000. a. What is the original price of the car? b. How much value does the car lose per year? c. How many years will it t...

Q: Nick and Matt are partners in a local health food store.

Nick and Matt are partners in a local health food store. They needed $73,000 to start the business. They invested in the ratio 3:7, Nick to Matt. a. How much money did each invest? b. What percent o...

Q: Use the table below to answer a-h. a

Use the table below to answer a-h. a. What was the difference between the 52-week high and the 52-week low for one share of AT&T? b. What was the difference between the day’s hi...

Q: Use the stock bar chart to answer the questions below.

Use the stock bar chart to answer the questions below. a. What was the day’s open on June 17? b. What was the approximate difference between the day’s high and...

Q: Use the candlestick chart to answer the questions below.

Use the candlestick chart to answer the questions below. a. What was the approximate low on June 20? b. What was the approximate high on this date? c. What was the difference between the opening...

Q: Lea owns 800 shares of ABC Inc. On April 6,

Lea owns 800 shares of ABC Inc. On April 6, the corporation instituted a 5-for-2 stock split. Before the split, each share was worth $42.60. a. How many shares did Lea hold after the split? b. What...

Q: Leni opened a savings account that pays 0.8% interest

Leni opened a savings account that pays 0.8% interest compounded quarterly. Her initial deposit was $50. How long would she have to leave the money in the account for it to double?

Q: Gene owns 1,200 shares of XYX Corp. The company

Gene owns 1,200 shares of XYX Corp. The company instituted a 1-for-10 reverse stock split on November 7. The pre-split market price per share was $1.20. a. How many shares did Gene hold after the spl...

Q: Use the table of closing prices for Microsoft. Round answers to

Use the table of closing prices for Microsoft. Round answers to the nearest cent. a. Determine the 3-day simple moving averages. b. Determine the 10-day simple moving averages.