Use the future value formula to find the indicated value. FV = $5787; n = 23; i = 0.07; PMT = ? PMT = $

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P = $4000, r = 6.0%, t = 9 months The simple interest owed for the use of the money is $

Algebra Genko Olive Oil Company (introduced in the Week 8 workshop) has decided to diversify, and begin making and selling flour. It has decided. to specialise in two types; bread flour and self-raising flour. Genko would like to determine how much of each type of flour it should pro- duce each day in order to maximise its profits. The profit made on the sale of 1 kg of bread flour is $2, while the profit made on the sale of 1 kg of self-raising flour is $1.80. The company is capable of making up to a total of 200 kg of flour per day. However, due to an ongoing shortage of baking powder (a key input in the production of self-raising flour) Genko can only produce up to 150 kg of the self-raising flour per day. In addition, company management are anticipating a high demand for self-raising flour (a key ingredient in cakes and puddings) as the holiday season approaches. For this reason, they have decided that. the company should produce at least twice as much self-raising flour as bread…

You deposit $400 in an account earning 3% interest compounded annually.  How much will you have in the account in 30 years? Round to the nearest penny.