The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit (in billions of dollars). Answer parts (a) through (e)belowYear20042005200620072008ConsumerCredit2250.52303.82415.02517.92595.1Year20092010201120122013ConsumerCredit2551.52645.12757.02926 33099 2a. Find an equation for the least squares line, letting x equal the number of years since 2000.The equation is Y=x(Use integers or decimals for any numbers in the equation Round to two decimal places as needed.)

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Answered: The total amount of consumer credit has…

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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Compute the specified quantity. Source: Financial Industry Regulatory Authority (www.finra.org) A 5 year bond costs $10,000 and will pay a total of $4,800 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.) % r =
Which of the following is the correct excel formula that describes the monthly payment of a loan ($800) that is fixed with an APR of 0.99% that lasts for 15 years? Group of answer choices =PMT(.0099/12,15*12,-800) =PMT(0.0099,12*15,-800) =PMT(0.0099/12,15,-800) =PMT(0.99/12,12*15,-800) =PMT(.099/12,180,-800)
Dr. Stephanie Andrews (3) Value 30000 27500 25000 22500 20000 17500 15000 12500 10000 7500 5000 2500 0 0 Value of a 2013 Chevy Impala Over Time 1 2 3 Years Since Purchase a. Estimate the value of the car at Year 3. 4 c. How much does the car depreciate each year? act A rental car company purchased a new Chevy Impala for $27,385. The company determined this asset should be depreciated for five years using the straight-line depreciation method. At the end of five years, the car will be worth $9,405. y (³) 5 b. Did you use interpolation or extrapolation to estimate the value in part a? Explain. 6 d. Write an algebraic model to find the value of the car given the years since purchase. the car at Year 3. 2
Just need part d
As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) MonthlyPI AnnualPropertyTax AnnualInsurance MonthlyPITI $230,000 9.50% 25 $ $6,573 $2,126 $
An environmental engineer wants to evaluate three different methods for disposing of nonhazardous chemical waste: land application, fluidized-bed incineration, and private disposal contract. Use the estimates below to help her determine which has the least cost at /= 15.00% per year on the basis of an annual worth evaluation. First Cost AOC per Year Salvage Value Life Land $-145000 $-86000 $23000 4 years Incineration $-760000 $-70000 $260000 6 years Contract O $-132000 O 2 years
The newborn nursery reports 160 infants were born at the hospital in May. Four of these infants died shortly after birth and the remainder were discharged alive. Calculate the newborn death rate. (compute to one decimal place) %
In 1980 the population of alligators in a particular region was estimated to be 1400. In 2006 the population had grown to an estimated 5500 Using the Mathusan law for population growth, estimate the alligator population in this region in the year 2020. The alligator population in this region in the year 2020 is estimated to be (Round to the nearest whole number as needed.)
Monthly Sales 6267.19 7058.06 7119.5 7147.18 7198.52 7298.09 7325.7 7335.68 7355.97 7481.05 7490.23 7530.08 7616.09 7682.69 7684.14 7704.12 7704.98 7779.28 7798.23 7815.15 7844.16 7890.21 7977.6 7993.16 8021.03 8028.37 8068.86 8082.42 8096.17 8119.25 8129.21 8190.68 8255.28 8282.44 8376.31 8392.4 8400.95 8451.16 8456.66 8505.35 8539.25 8543.65 8573.05 8641.78 8667.48 8751.08 8777.97 8800.08 8888.65 8907.03 9096.87 9241.74 9411.68 9450.73 9484.62 9514.57 9521.4 9524.91 9733.44 10123.24 Given the company’s performance record and based on the empirical rule of normal distribution (also known as the 68%-95%-99.7% rule), what would be the lower bound of the range of sales values that contains 68% of the monthly sales? What would be the upper bound of the range of sales values that contains 68% of the monthly sales?
The following bond was quoted in The Wall Street Journal: Bonds Current yield Volume Close Net change NJ 4.125% 35 1.7% 100.875% +1.0625% Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more did the 5 bonds cost today? (Do not round intermediate calculations. Round your answer to the nearest cent.) Increased cost 10.60 < Prev 18 of 18 Nex ...*** ....N .. %24
What was the second largest year-on-year increase for females? Average Cost (£GBP) of Car Insurance for Males and Females over a 5 year period 789 638 Year 1 872 635 Year 2 854 742 Year 3 Males 878 801 Year 4 Females 890 873 Year 5 Please select the correct answer from the options shown. → Years 1 to 2 Years 2 to 3 Years 3 to 4 Years 4 to 5 Ø Next
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