Excursions in Modern Mathematics, Books a la carte edition (9th Edition)
9th Edition
ISBN: 9780134469041
Author: Peter Tannenbaum
Publisher: PEARSON
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Chapter 10, Problem 61E
The Simpsons are planning to purchase a new home. To do so, they will need to take out
a 30-year home mortgage loan of
a. Compute the Simpsons’ monthly mortgage payment under this loan.
b. How much interest will the Simpsons pay over the life of the loan?
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
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11.36
6.75
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a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
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20
Dollar Value
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20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
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Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and
the amount each spent on advertising in billions of dollars are as follows.
Click on the datafile logo to reference the data.
DATA file
Company
Procter & Gamble
Comcast
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($billions)
$5.00
3.08
2.91
Company
American Express
General Motors
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ETET
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Verizon
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2.44
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Toyota
Fiat Chrysler
Walt Disney Company
J.P Morgan
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2.55
b. What is the median amount spent on advertising? (to 3 decimals)
2.09
1.97
1.96
1.88
Chapter 10 Solutions
Excursions in Modern Mathematics, Books a la carte edition (9th Edition)
Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Express each of the following percentages as a...Ch. 10 - Suppose that your lab scores in a biology class...Ch. 10 - There were four different sections of Financial...Ch. 10 - A 250-piece puzzle is missing 14 of its pieces...Ch. 10 - Jefferson Elementary School has 750 students. The...Ch. 10 - At the Happyville Mall, you buy a pair of earrings...Ch. 10 - Arvins tuition bill for last semester was 5760. If...
Ch. 10 - For three consecutive years the tuition at...Ch. 10 - For three consecutive years the cost of gasoline...Ch. 10 - A shoe store marks up the price of its shoes at...Ch. 10 - Prob. 14ECh. 10 - Over a period of one week, the Dow Jones...Ch. 10 - Over a period of one week, the Dow Jones...Ch. 10 - Suppose you borrow 875 for a term of four years at...Ch. 10 - Suppose you borrow 1250 for a term of three years...Ch. 10 - Suppose you purchase a four-year bond with an APR...Ch. 10 - Suppose you purchase a 15-year U.S. savings bond...Ch. 10 - Suppose you purchase an eight-year bond for 5400....Ch. 10 - Suppose you purchase a six-year muni bond for...Ch. 10 - Find the APR of a bond that doubles its value in...Ch. 10 - Find the APR of a bond that doubles its value in...Ch. 10 - Prob. 25ECh. 10 - Prob. 26ECh. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - Prob. 37ECh. 10 - Prob. 38ECh. 10 - Prob. 39ECh. 10 - Prob. 40ECh. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - For all answers involving money, round the answer...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - Find the value of a retirement savings account...Ch. 10 - What should your monthly contribution be if your...Ch. 10 - Prob. 54ECh. 10 - Consider a retirement savings account where the...Ch. 10 - Consider a retirement savings account where the...Ch. 10 - Suppose you purchase a car and you are going to...Ch. 10 - Suppose you purchase a car and you are going to...Ch. 10 - Suppose you want to buy a car. The dealer offers a...Ch. 10 - Suppose you want to buy a car. The dealer offers a...Ch. 10 - The Simpsons are planning to purchase a new home....Ch. 10 - The Smiths are refinancing their home mortgage to...Ch. 10 - Ken just bought a house. He made a 25,000 down...Ch. 10 - Cari just bought a house. She made a 35,000 down...Ch. 10 - Elizabeth went on a fabulous vacation in May and...Ch. 10 - Reids credit card cycle ends on the twenty-fifth...Ch. 10 - Prob. 67ECh. 10 - Joe, a math major, calculates that in the last...Ch. 10 - You have a coupon worth x off any item including...Ch. 10 - Prob. 70ECh. 10 - You are purchasing a home for 120,000 and are...Ch. 10 - Prob. 72ECh. 10 - Prob. 73ECh. 10 - Prob. 74ECh. 10 - Linear relationship between V and P in the...Ch. 10 - Linear relationship between P and M in the...
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