Jim has a 5-year-old car in reasonably good condition. He wants to take out a $30,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an

49,343 results
  1. Math (Pre-Cal) (Exponential Functions)

    A car was valued at $38,000 in the year 2003. The value depreciated to $11,000 by the year 2009. Assume that the car value continues to drop by the same percentage. -What will the value be in the year 2013?

  2. statistic

    Jim has a 5-year-old car in reasonably good condition. He wants to take out a $30,000 term (that is, accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having an accident in the year in which it is x

  3. Math

    A car depreciated (decreased in value) by 25% during the first year. If the car were purchased for $28,000, what is the car worth at the end of the first year?

  4. Math

    Jim Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires. Assume he can invest money at 9% interest compounded annually.

  5. Math

    Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000 and he has been approved for a 4- year loan with a 5.75% interest rate. He assumes the car's value will depreciate 8% each year, and he intends to sell the car

  6. Economics

    Jim buys only milk and cookies. a. In year 1, Jim earns $100, milk costs $2 per quart, and cookies cost $4 per dozen. Draw Jim's budget constraint.

  7. math

    Suppose you buy a brand new car for $25,000. The car's value depreciates each year by $2,000. How much is the car worth after 1 year? How much is the car worth after 2 years? Write a slope intercept equation that expresses the value of the car related to

  8. math

    Mr. kumar bought a car for $5,000 during the first year, it's value depreciated by 20%. what was the value of the car after one year.

  9. math

    The value of a $20,000 car decreases every year, t. The equation below models this situation. 20000(1 - 0.04t) = 13,000 After how many years will the car be worth $13,000? Round to the nearest tenth if necessary. I was instructed that the answer is t =

  10. algebra 2

    Car depreciation- The value of a new car purchased for $20,000 decreases by 10% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after one year.

  11. accounting

    Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the business, and the company

  12. Math

    A company is deciding between two different car models as it updates its fleet of cars. The purchase price for model A is $30,000, and the price for model B is $35,000. However, model A has an average gas mileage of 27 miles per gallon while model B’s is

  13. Economics

    Jim left his previous job as a sales manager and started his own sales consulting business. He previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. What is the economic cost of the time he

  14. Algebra 1

    You buy a used car for $20,000. It depreciates at the rate of 21% per year. Find the value of the car for the given years (5 and 8) I'm using the equation v=c(1-r), and i end up getting 6154.11 ; im not sure if i subtract that from 20,000 or if that is my

  15. Accounting

    Jim Hurley is an accountant for a local manufacturing company. Jim’s good friend, Mike Kotowski, has been operating a retail sporting goods store for about a year. Mike has proposed that the fee he will pay for Jim’s accounting work should be

  16. Finance

    An income-producing property is priced at $600,000 and is expected to generatethe following after-tax cash flows: Year 1: $42,000; Year 2: $44,000; Year 3:$45,000; Year 4: $50,000; and Year 5: $650,000. Would an investor with arequired after-tax rate of

  17. statistics

    Suppose that you are evaluating two different alternatives. The inflated cost stream for alternative A is $8,000 for year 1, $9,000 for year 2, $12,000 for year 3, 12,000 for year 4, and $13,000 for year 5. The inflated cost stream for alternative B is

  18. math

    using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a

  19. algebra

    ben bought a car for $20,000 in 2003. The car depreciates at a constant rate of 21% per year . Find the price of the car in the year 2010 . Round to nearest dollar

  20. math

    Aley Company pays all its employees in a graduated commission scale: 3% on the first $30,000 sales, 5% on sales from $30,000 to $110,000, and 7% on sales more than $110,000. Jim Jones, an employee of Aley, has $130,000 in sales. What commission did Jim

  21. algebra

    Suppose a car that sells for $40,000 depreciates 10% per year. How many years would it take for the car to have a value less than $25,000

  22. Math

    Jim made a down payment of 1000 dollars toward the purchase of a car. To pay the balance of the purchase price, he has secured a loan from his bank at the nominal rate of 5.1 percent per year compounded monthly. Under the terms of his finance agreement, he

  23. Finance

    After deciding to buy a new car, you can either lease the car or purchase it on a 3-year loan. The car costs $32,000. The lease offer is for $450/month for 36 months, with only $99 due up front. If you buy the car with a 3-year loan, the APR is 7% with

  24. math

    using problem 17-21 calculate the first 2 years depreciation assuming the units of production method. this machine is expceted to produce 120,000 units. in year 1 it produced 19,000 units and in year 2 38,000 units problem 17-21 Jim company bought a

  25. math

    A car is sold for $22,000. After one year, the value of the car is $16,500. Write an exponential function y to determine the value of the car after x years if the rate of decrease is the same each year.

  26. Delay of Gratification

    Which of the following illustrates the concept of delay of gratification? a. preferring $500 now rather than $1,000 dollars one year from now b. preferring $1,000 one year from now rather than $500 now c. preferring a 1-in-1,000 chance at $10,000 rather

  27. math

    A car was valued at $35,000 in the year 1995. The value depreciated to $12,000 by the year 2006. A)What was the annual rate of change between 1995 and 2006? (Round to 4 decimal places) B) What is the correct answer to part A written in percentage form?

  28. Math

    in 2016, you purchased a new car for $20,000. The value of the car depreciates at a rate of 18% per year. The value V of the car after t years is given by the function V(t)=20000(0.82)t. When will the car be worth three-quarters of its original value?

  29. Math III

    1. Traci purchases a car for $16,000. If its depreciates by 12% per year, what will be the car's value in 5 years? 2. The population of flies in Mr. Bunn's classroom doubles every 5 days. If there where 10 flies on the first day of school, when will the

  30. Functions

    You purchased a new car for $22,000. The value of the car decreases by 15% each year. Which function could be used to model the value of the car, "V", after "t" years?

  31. math - Help

    The value of a $20,000 car decreases every year, t. The equation below model this situation. 20,000(1-0.04t) = 13,000 How many years will the car be worth $13,000? Round to the nearest tenth if necessary. I got 20,000(.96t)= 13,000, but I don't believe

  32. microeconomics

    a.in an auction, potential buyers compete for a good by submitting bids. adam compared ebay auctions in which the same good was sold. he founf that,on average, the larger the number of bidders, the higher the sales price. for example, in two auctions of

  33. math

    Jim Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires. Assume he can invest money at 9% interest compounded annually.

  34. math

    A car was valued at $35,000 in the year 1990. The value depreciated to $10,000 by the year 2003. A) What was the annual rate of change between 1990 and 2003?(Round to 4 decimal places) B)What is the correct answer to part A written in percentage form?

  35. math

    The value of a car decreases at a constant rate. After 1 year the value of the car is $20,000. After 2 more yearsit is $14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years. What is the y-intercept

  36. Math

    A car was valued at $26,000 in the year 1995. The value depreciated to $13,000 by the year 2004. A) What was the annual rate of change between 1995 and 2004? Round the rate of decrease to 4 decimals places B) What is the correct answer to part A written in

  37. math

    mr jones buys a new car for $50,000. the car decreases in value at the rate of 30% each year. find the value of the car after two years.

  38. Calculus

    After t years, the value of a car that originally cost $16,000 depreciates so that each year is is worth 3/4 of it's value for the precious year. Find a model for V(t), the value of the car after t years. Sketch a graph of the model and determine the value

  39. algebra

    kathy plans to purchase a car that depreciates (loses value)at a rate of 14%per year initial cost of the car ia $21,000.which equation represents the value,v,of the car after 3 years?

  40. Statistics/Probability

    2. Jim has a 5-year old car in reasonably good condition. He wants to take out a $40,000 term (that is accident benefit) car insurance policy until the car is 10 years old. Assume that the probability of a car having and accident in theyear in which it is

  41. math

    a new car depreciated by 20% in its first year. each succeeding year it depreciated by 10% assume the car is still in good working condition after 10 years. if the car costs $25,000 calculate the value of the car after 10 years. express your answer to the

  42. Tax Accounting

    Jim and Kay Bridges contributed to the support of their two children, Samantha and Amanda, and Jim's widowed parent, Carl. For 2009, Samantha, a 19 year old full time college student, earned $4,500 as a baby-sitter. Amanda, a 23 year old bank teller,

  43. FIN 4018 - INCOME TAX PLANNING

    Jim, age 45, is a widower since the year of 2011 when his wife suddenly passed away. He has calculated his net income for tax purposes, for 2014, to be $86,000, which is comprised of $80,000 in employment income and $4,000 of net taxable capital gains. He

  44. Economics

    Jim signed a new deal for $10 million with the Toronto maple leafs. THe terms of the contract were 1 million immediately and 800,000 per year for the next 5 years (first payment after 1 year) and $1 million per year for the next 5 years (first payment at

  45. economics

    Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:

  46. economics

    Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:

  47. income tax preparation

    jim johnson has 40% interest in Richards and Johnson, LLP. The partnership has the following activity for the year sales 180,0000 cost of goods 105,000 guaranted payment richard 25,000 depreciation 11,000 interest expense 1000 tax exempt income 1500

  48. Mathematics

    Last year Jim's gross weekly pay was $920 and he received $520 in bank interest. HIs taxation deductions totalled $1370. a) Calculate Jim's gross income for last year. b) How much was Jim's taxable income? c) Jim's Medicare levy was 1.5% of his taxable

  49. Accounting HELPPPP

    Jim Johnson has 40% interest in Richards and Johnson, LLP. The partnership has the following activity for the year: Sales $180,000 Cost of Goods Sold 105,000 Guaranteed Payment to Ron Richards 25,000 Depreciation 11,000 Interest Expense 1,000 Tax-Exempt

  50. Tax (HELP Plz)

    Jim Johnson has 40% interest in Richards and Johnson, LLP. The partnership has the following activity for the year: Sales $180,000 Cost of Goods Sold 105,000 Guaranteed Payment to Ron Richards 25,000 Depreciation 11,000 Interest Expense 1,000 Tax-Exempt

  51. English

    The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

  52. English

    The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

  53. Math

    In 2004, your family bought a new car for $15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car when he's ready to

  54. Business Math

    Jim Clinnin purchased a used RV with 19,000 miles for $46,000. Originally the RV sold for $70,000 with a residual value of $20,000. After subtracting the residual value, depreciation allowance per mile was $.86. How much was Jim's purchase price over or

  55. pre cal

    you decide to buy a car for 25000. each year your car depreciates in value by 5% from its original value. After 15 years though, your used car will only be worth $500 to a dealership. Write a piece wise function for C(t), car value over time, for this

  56. Algebra

    Three years after purchase, a car is estimated to be worth $24,000. At five years, its value is $19,000. If the car is depreciating in a linear manner, write an equation that represents the depreciation of the car. Answer the following questions: a. How

  57. microeconomics

    a.in an auction, potential buyers compete for a good by submitting bids. adam compared ebay auctions in which the same good was sold. he founf that,on average, the larger the number of bidders, the higher the sales price. for example, in two auctions of

  58. FINAN & QUANTITATIVE LITERACY

    You currently drive 288 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for $15,000 (after trade-in on your current car) that gets 48 miles per gallon. Insurance premiums for the new and old

  59. check/ help!

    a new car depreciate by 20% in its first year. Each succeding year its depreciate by 10% assume the car is still good working condition after ten years. if the car costs $25000, calculate the value of the car after 10 years? At 0 yrs, the value is $25000

  60. Computer Science

    You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

  61. Computer Science

    You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

  62. Math

    Jim Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires? Assume he can invest money at 9% interest compounded annually.

  63. MATH HELP PLEASE I HAVE NEVER BEEN MORE CONFUSED

    The value of a car decreases at a constant rate. After 1 year the value of the car is $20,000. After 2 more yearsit is $14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

  64. math

    The value of a car decreases at a constant rate. After 1 year the value of the car is $20,000. After 2 more yearsit is $14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

  65. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  66. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  67. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  68. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  69. Algebra

    Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?

  70. Algebra

    Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?

  71. Algebra I

    Please show me how to solve: The value of a $20,000 car decreases every year, t. The equation below models this situation: 20000(1-0.04t)=13,000. After how many years will the car be worth $13,000. Round to the nearest tenth if necessary.

  72. FIN 4018 - INCOME TAX PLANNING

    Jim acquired a house in 2011 for $400,000. In 2013, he acquired a cottage for $150,000. He lived in the house in the winter and in the cottage in the summer. In 2015, he sold both properties. He received $500,000 for the house and $250,000 for the cottage.

  73. Math

    A new car typically loses 20% of its initial value during the first year. During the second year, the car loses 15% of its value after the first year. Find the value of the car($18,000) after the first year and after the second year.

  74. economics

    Median income in a country rises by $5000 per year. The price of good X falls by $4. Quantity demanded for good x falls by 15,000 units per year. What can we say with good X?

  75. algebra 2 ap

    Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

  76. math

    Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

  77. Economics

    Assume that the average income of an artist is $40,000 per year and that C=0.75Y^P. Further assume that in a good year the artist earns $50,000 and that in a bad year she earns $30,000. 1)Calculate the artist's average propensity to consume on average, in

  78. Algebra1

    3. Jackson bought a car for $11,000.00. After 2 years, the value of the car is $7,860.00. If the value of the car depreciated linearly, how much did the car depreciate each year?

  79. Mathematics

    A salesman receives a basic salary of#750,000 a year with a commission of 6% of the value of goods sold and a car allowance of #45 per km. (a) Find the total amount he received in a year in which he sells goods worth #9,373,000 and travels 10,000 km. (b)

  80. math

    Ken's average driving speed is 25km/hr faster than Jim's. In the same length of time it takes Ken to drive 279 km, Jim drives only 204 km. What is Ken's average speed? Possible Answers: a) 93 km/hr b) 118 km/hr c) 43 km/hr d) 68 km/hr Let x equal the speed

  81. algebra 2

    Car depreciation- The value of a new car purchased for $20,000 decreases by 10% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after one year.

  82. Math

    Victor bought a brand new car for P750,000. If the value of the car depreciates 20%per year, what will it be worth during the fourth year?

  83. Finance

    Jim Bob is a stock picking genius. Every year, based on his system, he has the ability to invest $100 (only) in a security that is expected to earn a 20% return over the next year. That security always has a beta of one. Assume that the risk free rate is

  84. Math/Biz Math

    I am so lost. Did I answer these problems right? Bud Ray is the owner of an automatic car wash located in a busy side of town. He currently has all the business he can handle and then some. His business has grown steadily over the years. His current car

  85. finance

    You have only saved 2,000. You are going to trade in your old car and get a new one. The dealership has offered you 3,000 for your trade, and you have accepted their offer. The car you want to buy costs 23,000 but you talked them down to 21,000. The

  86. Fin&Acc

    B3 Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Ending Raw materia $26,000 $31,000 Work in process 77,000 59,000 Finished goods 124,000 139,000

  87. LAW

    Jana finds a home priced at $180,000 that she would like to buy. She is concerned, however, about her ability to get a loan. Accordingly, she and the seller reach agreement that Jana will buy the home if she can get a loan for $180,000 within 45 days. What

  88. finance

    You want to purchase a car. It costs 25,000. You have 3,000 that you have saved up for a down payment. You can go with the 5 year car and 60 month car loan. The car manufacture is offering a special deal on your car. You can get zero percent financing or

  89. algebra

    Jimmy bought a car in January of 2010 worth $25, 500. He submitted the car for valuation in January 2015 and was told that its worth is now $20, 450. Assuming that the depreciation is linear. a) Find the rate at which the car is decreasing in value. Treat

  90. math

    a car depreciates in by avalue of $1000 per year. The original value of the car is $30,000. Let V(x) be the value of the car in x years. Write the linear function that represent the value of the car in x years. what will be the value of the car after 7

  91. Algebra

    Trish bought a new car at a cost of $40,000. The car depreciates approximately 12% of its value each year. What will the car's value be in five years?

  92. Finance

    9. H Corporation is considering a training program that cost $600,000. Anticipated benefits are $60,000 in the first year, $75,000 in the second year, $85,000 in the third year, and $95,000 in the fourth year. Benefits will decline 8 percent a year after

  93. accounting

    . Preference Decisions: NPV vs. IRR vs. Profitability Index Stephens Industries is contemplating four projects: Project P, Project Q, Project R, and Project S. The capital costs and estimated after- tax net cash flows of each project are shown in the table

  94. math

    I need help: The value of a new car decreases dramatically as soon as it leaves the dealership. Assuming that you just bought a new car with $20,000 and that it depreciates at a rate of 2% a month. How much will the car be worth in one year?

  95. finance

    Barbara wants to save money to meet 2 objectives: i. She would like to be able to retire 25 years from now and have a pension for 15 years after that.She would like to get the first annual payment on the pension 26 years from now, she would like it to be

  96. Accounting

    How do you calculate the 'Capital stock at the end of the year' with the following information? Revenues: $375,000 Expenses: $297,000 Net Income: $78,000 Retained earnings at the beginning of the year: 0 Retained earnings at the end of the year: $68,000

  97. more logarithms help!

    the depreciated value, V, of a car can be calculated using V = C91-r)^n, where C is the original value, r is the rate of depreciation per yeat and n is the age of the car in years. how long would it take for a $24,000 car to be reduced to a value of $2500

  98. qmds

    During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August 1st every year so that

  99. MATH

    During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August 1st every year so that

  100. Algebra, Mathematics

    A $40 000 car depreciates at a rate of 13% per year. a) Write an equation to represent this situation. b) Find the value of the car in 3 years. c) How long does it take for the car to be worth half it's value?

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