Pearson eText for Finite Mathematics & Its Applications -- Instant Access (Pearson+)
Pearson eText for Finite Mathematics & Its Applications -- Instant Access (Pearson+)
12th Edition
ISBN: 9780137442966
Author: Larry Goldstein, David Schneider
Publisher: PEARSON+
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Chapter 10.1, Problem 20E

In Exercises 13–38, solve each problem.

Present Value Calculate the present value of $10,000 payable in 5 years at 2.4% interest compounded semiannually.

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Ruff, Inc. makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has 2 grams of protein and 2 grams of fat per ounce. A bag of dog food must contain at least 222 grams of protein and at least 162 grams of fat. If chicken costs 11¢ per ounce and grain costs 1¢ per ounce, how many ounces of each should Ruff use in each bag of dog food to minimize cost? (If an answer does not exist, enter DNE.)
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