6. Cal wishes to begin saving money to put a down payment on a townhouse in 4 years so they open an account earning an annual interest of 3.66% compounded monthly. If Cal hopes to put a 25% down payment on a $245,000 townhouse, how much do they need to put into the account each month in order to reach their goal? 7. Danni took out a business loan of $82,000 earning an annual interest of 8.2% compounded quarterly. How much would Danni need to pay towards the loan every quarter in order to pay off the loan in 10 years? 8. Embry rides their bike each day. Over the past 7 days, they recorded the distance biked in miles, x, and the amount of water consumed during their bike ride in cups, y. Plot the points and find the equation of the line of best fit. Then estimate how much water Embry would consume when biking 9 miles. X y 2 2 3 4 5 5 6 8 8 6 10 8 12 10
6. Cal wishes to begin saving money to put a down payment on a townhouse in 4 years so they open an account earning an annual interest of 3.66% compounded monthly. If Cal hopes to put a 25% down payment on a $245,000 townhouse, how much do they need to put into the account each month in order to reach their goal? 7. Danni took out a business loan of $82,000 earning an annual interest of 8.2% compounded quarterly. How much would Danni need to pay towards the loan every quarter in order to pay off the loan in 10 years? 8. Embry rides their bike each day. Over the past 7 days, they recorded the distance biked in miles, x, and the amount of water consumed during their bike ride in cups, y. Plot the points and find the equation of the line of best fit. Then estimate how much water Embry would consume when biking 9 miles. X y 2 2 3 4 5 5 6 8 8 6 10 8 12 10
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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