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For a charity event, one minute of game time is added for every $2 donated. How many minutes of game time would there be for a $1000 donation?
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- The Jefferson High School Band Booster Club has organized a raffle. The prize is a $6,000 car. Two thousand tickets to the raffle are to be sold at $1 apiece. If a person purchases four tickets, what will be the expected value of the tickets?8 years ago, you started donating $484 to a charity organization every year. You plan to continue to donate in the next 6 year(s). The discount rate is 7.3%. what is the present value of your donations?A charity will be donated by a wealthy man to provide annual scholarships to deserving students. The charity will grant $120,000 each year for the first 5 years, $30,000 per quarter for the next 5 years and $10,000 each month thereafter . The scholarship will start one year after the fund is established. What is the amount of the donation if i = 12% compounded annually?
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 700 tickets. There is one $3,000 grand prize, four $400 second prizes, and twelve $40 third prizes. You just bought a ticket. Find the expected value for your profit. ? Round to the nearest cent.A non-profit has put $360, 000 into an account to help fund the programming at a community center for 4 years. The account earns 2.1 % interest. Answer the questions below. Round answers to 2 decimal places. (a) If the non-profit withdraws an equal amount of money at the start of each year (and interest is compounded annually), how much would the maximal yearly withdrawls be? $ (b) What would the total amount for the community center be? $ (c) If the non-profit withdraws an equal amount of money at the start of each month (and interest is compounded monthly), how much would the monthly withdrawls be? $ (d) What would the total amount for the community center be in this case? $A youth sports league held various fundraisers. They received $450 from a car wash, $271 from a bake sale, and $329 from a used equipment sale. The league decides to invest this money in a 2 year CD that pays 4.8% interest compounded daily. How much will the league receive from the CD in 2 years? The league will have how much money in this account after 2 years.
- A tithe of $35,000 is made to a local church. The money is to be invested and the accumulated amount used to purchase a new youth group bus. How long will it take for the tithe to double in value if the money is invested at 7.75% APR compounded monthly?Camosun College has just received a donation of $50,000. The donor has stipulated that the funds should be used to fund an ongoing annual bursary with the first payment given out in one year. If the money is invested into an account earning 3.71% compounded annually (j1), how much will the annual bursary be? Your Answer:Mabuhay food corporation donates 500,000 pesos to the charity institutions at the ratio 1:1:2:2:4.How much did each charity institutions receive
- A charitable foundation wants to help schools buy tablet computers. The foundation plans to donate $32,000 each year to one school beginning one year from now, and the foundation has at most $500,000 to start the fund. The foundation wants the donation to be given out indefinitely. Assuming an annual interest rate of 7% compounded continuously, does the foundation have enough money to start the school fund? (Round your answer to two decimal places.) The amount the foundation needs to fund the donation is $ . , the foundation enough money to start the fund.A philanthropist put up an account to award P30,000 worth of scholarship grant every year to selected engineering students. The initial amount worth P100,000 was deposited to the account on January 1, 2019 at 5% compounded semi-annually rate. Starting January 1, 2020, P10000 each year was added to the fund and lasted for as long as awards can be made. 1. For how many years starting January 1, 2020 can the scholarship last 2. What will be the balance in the fund after the last scholarship fund was awarded 3. Find the effective rate.A fund is to be donated by a wealthy man to provide annual scholarships to deserving students. The fund will grant Php5,000 for each of the first 5 years, Php8,000 for each of the next 5 years and Php10,000 each year thereafter. The scholarship will start one year after the fund is established. If the fund earns 8% interest, what is the amount of the donation?