Foreclosure Crisis Starting in 2010, on the heels of the 2007-2009 subprime mortgage crisis, the United States saw an epidemic of mortgage foreclosures, often initiated improperly by large financialinstitutions. Suppose the following table shows the number of foreclosures in three states in April through August of a given year.CaliforniaUse matrix algebra to determine the total number of foreclosures in each of the given states during the entire period shown.FloridaAprilMayJune July Aug.California 55,900 51,800 54,100 56,300 59,400Florida 19,500 19,200 23,800 22,400 23,700Texas 8,800 9,100 9,300 10,500Texas10,200Total Foreclosures

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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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8. Individual Problems 20-4 Suppose that every driver faces a 4% probability of an automobile accident every year. An accident will, on average, cost each driver $5,000. Suppose there are two types of individuals: those with $30,000.00 in the bank and those with $2,500.00 in the bank. Assume that individuals with $2,500.00 in the bank declare bankruptcy if they get in an accident. In bankruptcy, creditors receive only what individuals have in the bank. Assume that both types of individuals are only slightly risk averse. In this scenario, the actuarially fair price of full insurance, in which all damages are paid by the insurance company, is $ Assume that the price of insurance is set at the actuarially fair price. At this price, drivers with $30,000.00 in the bank likely v buy insurance, and those with $2,500.00 in the bank likely buy insurance. (Hint: For each type driver, compare the price of insurance to the expected cost without insurance.) Suppose a state law has been passed…
1. Use Bartman Industries and Reynolds Incorporated's stock prices and dividends, along with the Market Index, shown below for the period 1997-2002 to answer the following questions Data as given in the problem are shown below: Bartman Industries Year 2002 2001 2000 1999 1998 1997 Stock Price $17.250 14.750 16.500 10.750 11375 7.625 Dividend $1.150 1.060 1.000 0.950 0.900 0.850 Reynolds Incorporated Stock Price $48.750 52.300 48.750 57.250 60.000 55.750 Dividend $3.000 2.900 2.750 2.500 2.250 2.000 Market Index Includes Divs. 11,663.98 8,785.70 8,679.98 6,434.03 5,602.28 4,705.97 a. Use the data given to calculate annual returns for Batman. Reynolds, and the Market Index, and then calculate average returns over the 5-year period. (Hint: Remember, returns are calculated by subtracting the beginning price from the ending price to get the capital gain or loss, adding the dividend to the capital gain or loss, and dividing the result by the beginning price. Assume that dividends are already…
The following charts show the monthly S&P 500 index and the FTSE 100 index over approximately the last ten years FRED A - S&P 500 4,000 3,600 3,200 2,800 2,400 2,000 1,600 1,200 800 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 U.S. recessions are shaded, the most recent end date is undecided. Source: S&P Dow Jones Indices LLC fred.stlouisfe 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2012 2014 2016 2018 2020 The two indices relate to the USA and the UK, respectively. Both indices are I(1) a) Given that the two series are I(1), is it possible for there to be a causal relationship between them? If it is possible, how would you test for the existence of such a relationship?
State Sales Tax Rate* Alabama Alaska Arizona 4% 0% Hawaii Idaho 6.6% Illinois Florida Georgia Arkansas California 7.25% Iowa Colorado 6% Indiana 4% Massachusetts 6.25% 6% Michigan 6% Minnesota 61% 7% Mississippi 6% Missouri Montana 2.9% Kansas 6.3% Connecticut 6% Kentucky 6% Delaware 0% Louisiana 4% 6% Maine 4% Maryland 5% 6% Nebraska Nevada New Hampshire New Jersey 6.875% 7% 4.225% 0% 5.5% 6.85% 0% New Mexico New York North Dakota North Carolina 5.75% Ohio Oklahoma Oregon Pennsylvania Rhode Island 5.125% 7% South Carolina 4% 5% 5.5% 4.5% 0% 6% 7% 6% South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 4% 7% 6.25% 4.7% 6% 4% 6.5% 6% 5% 4%
6) a. b. C. d. What is the present value of $15,000 received today, $2,500 received at the end of each of the next six years and $10,000 received at the end of the 7th year, assuming a required rate of return of 4.50% ? $38,143 $16,899.89 $29,990.22 $35,243
Consider the following table containing yields for mutual funds in different asset classes (small, mid, and large cap). Small Cap Fund Explorer Value Small-Cap Value Index Admiral Small-Cap Index Admiral Shares Strategic Small-Cap Equity Explorer Small-Cap Growth Index Admiral Explorer Value Small-Cap ETF Yield (%) 2.93 2.46 1.49 2.91 0.17 0.21 2.67 1.44 Fund Yield by Asset Class Mid Cap Fund Capital Value Mid-Cap Value Index Admiral Extended Market Index Admiral Shares Mid-Cap Index Admiral Shares Mid-Cap Growth Capital Value Strategic Equity Capital Opportunity Admiral Shares Yield (%) 0.96 2.73 1.22 1.52 1.9 0.32 1.54 1.44 sum of squares for treatments≈ 0.6898 sum of squares for error 22.3436 Step 1 of 2: What are the degrees of freedom for the sum of squares for error? Large Cap Fund Equity Income High Dividend Yield Index 500 Index Admiral Shares Diversified Equity FTSE Social Index Growth Equity U.S. Growth Windsor Yield (%) 3.24 3.50 2.73 1.23 1.42 0.58 0.37 1.64
The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 8 7 Annual 3.40 4.00 5.25 6.15 5.15 3.50 Rate (%) If you spent $30,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ How much interest would you earn over the life of the bonds?
1
The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 3 8 7 Annual 3.40 4.00 5.25 6.15 5.15 3.50 Rate (%) If you spent $20,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ How much interest would you earn over the life of the bonds? $ %24
The following information was taken from the financial records of Sodigaz, Inc. Year 2 Year 1 Sales $285,000 $278,500 Accounts receivable: Beginning of year 29,600 18,900 End of year 41,000 29,600 The number of days' sales in receivable for Year 2 is a. 31.8 b. 38.8 c. 24.8 d. 45.2
You may need to use the appropriate appendix table or technology to answer this question. Individuals filing federal income tax returns prior to March 31 received an average refund of $1,059. Consider the population of "last-minute" filers who mail their tax return during the last five days of the income tax period (typically April 10 to April 15). (a) A researcher suggests that a reason individuals wait until the last five days is that on average these individuals receive lower refunds than do early filers. Develop appropriate hypotheses such that rejection of H0 will support the researcher's contention. A) H0: ?= $1,059 Ha: ? ≠ $1,059 B) H0: ?< $1,059 Ha: ?≥ $1,059 C) H0: ? ≥ $1,059 Ha: ? < $1,059 D) H0: ?> $1,059 Ha: ? ≤ $1,059 E) H0: ?≤ $1,059 Ha: ? > $1,059 (b) For a sample of 400 individuals who filed a tax return between April 10 and 15, the sample mean refund was $910. Based on prior experience, a population standard deviation of ? = $1,600may be…

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