Contemporary Mathematics for Business and Consumers

7th Edition

ISBN: 9781285189758

Author: Robert Brechner, George Bergeman

Publisher: Cengage Learning

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 11.II, Problem 25RE

Solve the following exercises and word problems by using the present value formula

Compound Amount $18,900 Term of Investment 10 years Nominal Rate(%) 1.9 Interest Compounded semiannually Present Value _ _ _ _ _ _ Compound Interest _ _ _ _ _ _ _

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Chapter 11.II, Problem 24RE

Chapter 11.II, Problem 26RE

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Chapter 11 Solutions

Contemporary Mathematics for Business and Consumers

Ch. 11.I - Gail Parker invested $10,000 at 6% interest...Ch. 11.I - Jenny Chao invested $20,000 at 6% interest...Ch. 11.I - Prob. 3TIE Ch. 11.I - Jill Quinn invested $7,000 in a certificate of...Ch. 11.I - Prob. 5TIE Ch. 11.I - Prob. 1RE Ch. 11.I - For the following investments, find the total...Ch. 11.I - For the following investments, find the total...Ch. 11.I - Prob. 4RE Ch. 11.I - Prob. 5RE

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Solve the following exercises and word problems by using the present value formula Compound Amount $18,900 Term of Investment 10 years Nominal Rate(%) 1.9 Interest Compounded semiannually Present Value _ _ _ _ _ _ Compound Interest _ _ _ _ _ _ _

Solution Summary: The author calculates the present value (principal) and the compound interest for an investment with compound amount 18,900.

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Chapter 11 Solutions