Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 10, Problem 22ECP
To determine
The Sabrina’s difference in interest when compared with Janeen.
To determine
The total amount that has to be paid by Sabrina on March 9, 2016.
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2. Sam and Deb have a weekly net income of $1500. They have a pet dog. Their monthly
expenses, not related to housing, are $2875. They have savings of $32 000.
They are considering two housing options:
Option 1: Renting a 2-bedroom condo for $1650 a month, plus utilities averaging $210 a
month
Option 2: Buying a 2-bedroom condo for a down payment of $24 500, bi-weekly mortgage
payments of $1100, and a monthly condo fee of $475
a)
Determine the monthly cost of each housing option. Factoring in other expenses not related
to housing, which one can Sam and Deb afford?
b) Suppose their dog falls ill and they have to pay $85 every week to cover veterinarian and
medical expenses. Calculate the additional monthly expenses. How much money would be
available for savings if they choose housing option 2?
I bought sparrows at 3 for a penny, turtle doves at 2 for a penny, anddoves at 2 pence each. If I spent 30 pence buying 30 birds and boughtat least one of each kind of bird, how many birds of each kind did I buy?(This is a problem from Fibonacci’s Liber Abaci, 1202.)
Chapter 10 Solutions
Practical Business Math Procedures
Ch. 10.1 - Calculate simple interest (rounded to the nearest...Ch. 10.1 - Calculate simple interest (rounded to the nearest...Ch. 10.1 - Calculate simple interest (rounded to the nearest...Ch. 10.1 - Prob. 4PQCh. 10.1 - Prob. 5PQCh. 10.1 - Prob. 1EPQCh. 10.1 - Calculate simple interest (rounded to the nearest...Ch. 10.1 - Prob. 3EPQCh. 10.1 - Prob. 4EPQCh. 10.1 - Calculate simple interest (rounded to the nearest...
Ch. 10.1 - Prob. 1AHCh. 10.1 - Prob. 2AHCh. 10.1 - Prob. 3AHCh. 10.1 - Prob. 4AHCh. 10.1 - Prob. 5AHCh. 10.1 - Prob. 6AHCh. 10.1 - Prob. 7AHCh. 10.1 - Prob. 8AHCh. 10.1 - Dianne Smith’s real estate taxes of $641.49 were...Ch. 10.1 - Prob. 10AHCh. 10.1 - Prob. 11AHCh. 10.1 - AFBA Industrial Bank of Colorado Springs,...Ch. 10.2 - Complete the following (assume 360 days):
Ch. 10.2 - Prob. 2PQCh. 10.2 - Prob. 3PQCh. 10.2 - Prob. 1EPQCh. 10.2 - Prob. 2EPQCh. 10.2 - Prob. 3EPQCh. 10.2 - Prob. 1AHCh. 10.2 - Prob. 2AHCh. 10.2 - Prob. 3AHCh. 10.2 - Prob. 4AHCh. 10.2 - Prob. 5AHCh. 10.2 - Prob. 6AHCh. 10.2 - Prob. 7AHCh. 10.2 - Prob. 8AHCh. 10.2 - Prob. 9AHCh. 10.2 - Prob. 10AHCh. 10.2 - Prob. 11AHCh. 10.3 - Polly Flin borrowed $5,000 for 60 days at 8%. On...Ch. 10.3 - Prob. 1EPQCh. 10.3 - Prob. 1AHCh. 10.3 - Prob. 2AHCh. 10.3 - Prob. 3AHCh. 10.3 - Prob. 4AHCh. 10.3 - Prob. 5AHCh. 10 - Prob. 1ECPCh. 10 - Calculate the simple interest and maturity value...Ch. 10 - Prob. 3ECPCh. 10 - Prob. 4ECPCh. 10 - Prob. 5ECPCh. 10 - Complete the following, using ordinary...Ch. 10 - Prob. 7ECPCh. 10 - Prob. 8ECPCh. 10 - Complete the following, using exact interest: LU...Ch. 10 - Prob. 10ECPCh. 10 - Prob. 11ECPCh. 10 - Prob. 12ECPCh. 10 - Prob. 13ECPCh. 10 - Diane Van Os decided to buy a used snowmobile...Ch. 10 - Prob. 15ECPCh. 10 - Prob. 16ECPCh. 10 - Kelly O’Brien met Jody Jansen (Problem 10–16) at...Ch. 10 - On May 3, 2016, Leven Corp. negotiated a...Ch. 10 - Gordon Rosel went to his bank to find out how long...Ch. 10 - Prob. 20ECPCh. 10 - Prob. 21ECPCh. 10 - Prob. 22ECPCh. 10 - Prob. 23ECPCh. 10 - Lane French had a bad credit rating and went to a...Ch. 10 - Prob. 25ECPCh. 10 - Prob. 26ECPCh. 10 - Prob. 27ECPCh. 10 - Prob. 28ECPCh. 10 - Prob. 29ECPCh. 10 - Prob. 30ECPCh. 10 - Prob. 31ECPCh. 10 - Evander Holyfield (the champion boxer who had part...Ch. 10 - Prob. 33ECPCh. 10 - Prob. 34ECPCh. 10 - Prob. 35ECPCh. 10 - Debbie McAdams paid 8% interest on a $12,500 loan...Ch. 10 - Janet Foster bought a computer and printer at...Ch. 10 - Lorna Hall’s real estate tax of $2,010.88 was due...Ch. 10 - Ann Hopkins borrowed $60,000 for her child’s...Ch. 10 - Prob. 3PTCh. 10 - Prob. 4PTCh. 10 - Prob. 5PTCh. 10 - Prob. 6PT
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- 2. Jacob is going to college. He has a part-time job with take-home pay of $575 every two weeks. He has received a scholarship for $5500 for the year. Determine Jacob's total monthly income.arrow_forward1. Pira's expenses are $850 a month for rent and utilities, $52 a month for TV and Internet package, $90 a week for food, $110 a month for a bus pass, $25 a week for entertainment, and $85 every two weeks for miscellaneous expenses. a) Convert each expense to a monthly amount and represent each monthly amount as a percentage. b) Create a circle graph that shows the breakdown of the monthly expenses. c) Pira has an income of $1600/biweekly and is deciding whether a weeklong vacation to Florida would be within her budget. The cost of the trip is approximately $2000 per week. Would you recommend for her to take the one weeklong vacation? Explain.arrow_forward4. Mason works at a part-time job earning $985 every two weeks. Mason's expenses are $750 a month for rent and utilities, $75 a month for her cell phone, $350 a month for food, $35 a week for entertainment, $310 a month for her car loan payment, and $65 every two weeks for miscellaneous expenses. How long will it take Mason to save $2000 for a vacation? Round your answer to the nearest month.arrow_forward
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