Your Questions About Eliminate Debts 12 Months

Michael asks…

Given the equation y =5x ?12 , how will y change if x:?

1)Given the equation y =5x ?12 , how will y change if x:
1. Increase by 3 units
2. Decrease by 2 units

2) a) Find the accumulated amount at the end of 9 months on an $8000 deposit in a
bank paying simple interest at rate of 6 %/year.
b) Find the effective rate corresponding to the given nominal
1. 10% compounded semiannually.
2. 8% compounded daily
c) Jessica wants to accumulate $10,000 by the end of 5 years in a special bank
account , which she had opend for this purpose. To achieve this goal, Jessica
plans to deposit a fixed sum of money into the account at the end of the month
over the 5-yr period. If the bank pays interest at the rate of 5% years
compounded monthly, how much does she have to deposit each month into
her account?
d) Lowell Corporation wishes to establish a sinking fund to retire a $200,000
debt that is due in 10 years. If the investment will earn interest at the rate of
9% years compounded quarterly, find the amount of the quarterly deposit that
must be made in order to accumulate the required sum.

3)POD, or printing on demand, is recent development in in publishing that
makes it feasible to print small quantities of books (even a single copy), thereby
eliminating overstock and storage costs. For example, POD- publishing a typical
200-page book would cost $ 18 per copy, with fixed costs of $ 1500. Therefore,
the cost function is
C(x) = 18x + 1500
a. Find the coverage cost function.
b. Find the marginal average cost function.
c. Find the marginal average cost at x= 100 and interpret your answer.

4)A company’s profit from producing x tons of polyurethane is
P (x ) = x 3 ?3x + 34 thousand dollars. Find Marginal Profit Function P?(x ) ,
then find P?(5) and interpret your answer.

John answers:

Use perhaps the Riemann’s dzeta function

Lisa asks…

Spring Masters Canada?

Have you ever heard of Spring Masters Canada? They were at a job fair. They apparently pay $100-$500 for 12 hours of work per day. (Only $100 for 12 hours is below minimum wage, but $500 is wayy above.)

A Google search suggests it’s door-to-door salesman, which I am bad at. Tried, failed. However I’m unemployed and they seem willing to hire anyone.

If I worked 84-hour weeks (oh?) for 6 months I would have enough to eliminate my current debt and pay for next year’s tuition without getting another loan. What you think?

John answers:

Go for it. With this recession, you’re lucky to get any job at all.

Laura asks…

My cousin is studying petroleum engineering for freein the Caribbean, so why isn’t college free here?

My cousin is studying petroleum engineering in Trinidad and Tobago, and by law, all nationals are covered under GATE (Government Assistance for Tertiary Education) which uses money generated from the country’s booming oil business to pay for 100% of the bachelor’s degree, and 50% of the master’s degree. And it isn’t like a scholarship, as long as you were born there, it is your right to study anything you want for free. Even better, they are bringing out new laws that will give students age 12 and over free laptops with internet access and rooms to rent to college students costing a little less than $200 US dollars a month.
If this little country can eliminate college debt for all their students, then why isn’t it happening here in the US? They were hit just as hard from our recession, but still implemented these changes. And don’t say that their education is rubbish, because I’ve looked at the curriculum and it’s just as good as the US. It’s not fair!
Also, the starting salary for engineers in their country is 48 000-53 000 US dollars a year.

John answers:

Capitalism isn’t fair, get over it.

Linda asks…

My cousin is studying petroleum engineering for free in the Caribbean, so why isn’t college free here?

My cousin is studying petroleum engineering in Trinidad and Tobago, and by law, all nationals are covered under GATE (Government Assistance for Tertiary Education) which uses money generated from the country’s booming oil business to pay for 100% of the bachelor’s degree, and 50% of the master’s degree. And it isn’t like a scholarship, as long as you were born there, it is your right to study anything you want for free. Even better, they are bringing out new laws that will give students age 12 and over free laptops with internet access and rooms to rent to college students costing a little less than $200 US dollars a month.
If this little country can eliminate college debt for all their students, then why isn’t it happening here in the US? They were hit just as hard from our recession, but still implemented these changes. And don’t say that their education is rubbish, because I’ve looked at the curriculum and it’s just as good as the US. It’s not fair!
Also, the starting salary for engineers in their country is 48 000-53 000 US dollars a year.

John answers:

Hello

While I was looking for a good college I found one site that offers you to browse a ton of
different schools.Actually there are many websites online but most of them are paid.This one
is free (no catches) .

Http://FindYourUniversity.info

You should try it

I’m sure that will help

Joseph asks…

Personal Finance advise for 22 yr old?

I make 12/hr work 40 hr a week i have a school loan that is 52/month car ins. 164.99/mth car payment 149.99/month 4 credit cards = totalling 1600 gym membership that is 37.50 and i have lucked out renting a room out of a friends house for 300 and i do work around the house in exchange for utilities. How can i make my money grow and eliminate my debt at the same time? I really want to just put any extra towards paying off my debt but i don’t have an emergency fund which scares me!! HELP!!!

John answers:

You’ve got the right attitude! You bring home probably $1,100 or so a month, and you’ve got about $650/mo fixed expenses.

You are correct; an emergency fund is your first priority. The gym membership has got to go. Tune into the fitness channel or something.

You’re young, single, and working only 40 hours per week. A second job, or overtime if it’s available, is probably a good idea for a while. Eating out is often a HUGE money-waster for people in your demographic. This should be limited to occasional social outings. You can bring your lunch to work.

Save aggressively until you reach $1,000 in emergency savings, then work on the credit cards. If you don’t have a good interest rate for your auto loan, that’s next. Otherwise, work toward saving 3-6 months income in your emergency fund. Remember, this is an EMERGENCY fund! It’s not an emergency when you get the midnight munchies, and Domino’s is just a phone call away.

Finally, when you get your cards paid off and have your emergency fund halfway complete, it’s time to cut up those cards and NEVER accept another one. If you can’t pay cash for it, you probably don’t need it. This even goes for your car. Save, save, save. If you sock away a car payment every month, you’ll never pay interest to buy one again.

Powered by Yahoo! Answers

This entry was posted in Uncategorized. Bookmark the permalink.