Calculus & Its Applications
12th Edition
ISBN: 9780137590810
Author: Larry J. Goldstein, David C. Lay, David I. Schneider, Nakhle H. Asmar, William Edward Tavernetti
Publisher: PEARSON
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Chapter 12.3, Problem 23E
To determine
The length of time, such that about half of the time you wait only
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Can you answer this question and give step by step and why and how to get it. Can you write it (numerical method)
Can you answer this question and give step by step and why and how to get it. Can you write it (numerical method)
There are three options for investing $1150. The first earns 10% compounded annually, the second earns 10% compounded quarterly, and the third earns 10% compounded continuously. Find equations that model each investment growth and
use a graphing utility to graph each model in the same viewing window over a 20-year period. Use the graph to determine which investment yields the highest return after 20 years. What are the differences in earnings among the three
investment?
STEP 1: The formula for compound interest is
A =
nt
= P(1 + − − ) n²,
where n is the number of compoundings per year, t is the number of years, r is the interest rate, P is the principal, and A is the amount (balance) after t years. For continuous compounding, the formula reduces to
A = Pert
Find r and n for each model, and use these values to write A in terms of t for each case.
Annual Model
r=0.10
A = Y(t) = 1150 (1.10)*
n = 1
Quarterly Model
r = 0.10
n = 4
A = Q(t) = 1150(1.025) 4t
Continuous Model
r=0.10
A = C(t) =…
Chapter 12 Solutions
Calculus & Its Applications
Ch. 12.1 - Compute the expected value and the variance of the...Ch. 12.1 - Prob. 2CYUCh. 12.1 - Prob. 1ECh. 12.1 - Prob. 2ECh. 12.1 - Prob. 3ECh. 12.1 - Prob. 4ECh. 12.1 - Prob. 5ECh. 12.1 - Probability Table, Expected Value The number of...Ch. 12.1 - Prob. 7ECh. 12.1 - Prob. 8E
Ch. 12.1 - Decision Making Based on Expected Value A citrus...Ch. 12.1 - Prob. 10ECh. 12.2 - Prob. 1CYUCh. 12.2 - Prob. 2CYUCh. 12.2 - Prob. 1ECh. 12.2 - Prob. 2ECh. 12.2 - Prob. 3ECh. 12.2 - Prob. 4ECh. 12.2 - Prob. 5ECh. 12.2 - Prob. 6ECh. 12.2 - Prob. 7ECh. 12.2 - Prob. 8ECh. 12.2 - Prob. 9ECh. 12.2 - Prob. 10ECh. 12.2 - Prob. 11ECh. 12.2 - Prob. 12ECh. 12.2 - Prob. 13ECh. 12.2 - Prob. 14ECh. 12.2 - Prob. 15ECh. 12.2 - Prob. 16ECh. 12.2 - Prob. 17ECh. 12.2 - Prob. 18ECh. 12.2 - Prob. 19ECh. 12.2 - Prob. 20ECh. 12.2 - Prob. 21ECh. 12.2 - Prob. 22ECh. 12.2 - Prob. 23ECh. 12.2 - Prob. 24ECh. 12.2 - Prob. 25ECh. 12.2 - Prob. 26ECh. 12.2 - An experiment consists of selecting a point at...Ch. 12.2 - Prob. 28ECh. 12.2 - Prob. 29ECh. 12.2 - Prob. 30ECh. 12.2 - Prob. 31ECh. 12.2 - Prob. 32ECh. 12.2 - Prob. 33ECh. 12.2 - Prob. 34ECh. 12.2 - Prob. 35ECh. 12.2 - A random variable X has a cumulative distribution...Ch. 12.2 - Prob. 37ECh. 12.2 - Prob. 38ECh. 12.3 - Prob. 1CYUCh. 12.3 - Prob. 2CYUCh. 12.3 - Prob. 1ECh. 12.3 - Prob. 2ECh. 12.3 - Prob. 3ECh. 12.3 - Prob. 4ECh. 12.3 - Prob. 5ECh. 12.3 - Prob. 6ECh. 12.3 - Prob. 7ECh. 12.3 - Prob. 8ECh. 12.3 - Prob. 9ECh. 12.3 - Prob. 10ECh. 12.3 - Prob. 11ECh. 12.3 - Prob. 12ECh. 12.3 - Expected Reading Time The amount oftime (in...Ch. 12.3 - Prob. 14ECh. 12.3 - Prob. 15ECh. 12.3 - Prob. 16ECh. 12.3 - Prob. 17ECh. 12.3 - Prob. 18ECh. 12.3 - If X is a random variable with density function...Ch. 12.3 - Prob. 20ECh. 12.3 - Prob. 21ECh. 12.3 - Prob. 22ECh. 12.3 - Prob. 23ECh. 12.3 - Prob. 24ECh. 12.3 - Prob. 25ECh. 12.3 - Prob. 26ECh. 12.4 - The emergency flasher on an automobile is...Ch. 12.4 - Prob. 2CYUCh. 12.4 - Prob. 1ECh. 12.4 - Prob. 2ECh. 12.4 - Prob. 3ECh. 12.4 - Prob. 4ECh. 12.4 - Prob. 5ECh. 12.4 - In a large factory there is an average of two...Ch. 12.4 - Prob. 7ECh. 12.4 - Prob. 8ECh. 12.4 - During a certain part of the day, the time between...Ch. 12.4 - During a certain part of the day, the time between...Ch. 12.4 - Prob. 11ECh. 12.4 - Prob. 12ECh. 12.4 - Reliability of Electronic Components Suppose that...Ch. 12.4 - Prob. 14ECh. 12.4 - Prob. 15ECh. 12.4 - Find the expected values and the standard...Ch. 12.4 - Prob. 17ECh. 12.4 - Find the expected values and the standard...Ch. 12.4 - Prob. 19ECh. 12.4 - Prob. 20ECh. 12.4 - Prob. 21ECh. 12.4 - Prob. 22ECh. 12.4 - Prob. 23ECh. 12.4 - Prob. 24ECh. 12.4 - Prob. 25ECh. 12.4 - Normal Distribution and Life of a Tire Suppose...Ch. 12.4 - Amount of Milk in a Container If the amount of...Ch. 12.4 - Breaking weight Theamount of weight required to...Ch. 12.4 - Time of a commute A student with an eight oclock...Ch. 12.4 - Prob. 30ECh. 12.4 - Diameter of a Bolt A certain type of bolt must fit...Ch. 12.4 - Prob. 32ECh. 12.4 - Prob. 33ECh. 12.4 - Prob. 34ECh. 12.4 - Prob. 35ECh. 12.4 - Prob. 36ECh. 12.4 - Prob. 37ECh. 12.5 - A public health officer is tracking down the...Ch. 12.5 - Suppose that a random variable X has a Poisson...Ch. 12.5 - Prob. 2ECh. 12.5 - Prob. 3ECh. 12.5 - Prob. 4ECh. 12.5 - Number of Insurance Claims The monthly number of...Ch. 12.5 - Waiting Time in an Emergency Room On a typical...Ch. 12.5 - Prob. 7ECh. 12.5 - Number of Cars at a Tollgate During a certain part...Ch. 12.5 - Poisson Distribution in a Mixing Problem A bakery...Ch. 12.5 - Prob. 10ECh. 12.5 - Prob. 11ECh. 12.5 - Quality Control The quality-control department at...Ch. 12.5 - Two Competing Companies In a certain town, there...Ch. 12.5 - Prob. 14ECh. 12.5 - Prob. 15ECh. 12.5 - Prob. 16ECh. 12.5 - Prob. 17ECh. 12.5 - Prob. 18ECh. 12.5 - Prob. 19ECh. 12.5 - Prob. 20ECh. 12.5 - Prob. 21ECh. 12.5 - Prob. 22ECh. 12.5 - Prob. 23ECh. 12.5 - Prob. 24ECh. 12.5 - Prob. 25ECh. 12.5 - The number of accidents occurring each month at a...Ch. 12 - What is probability table?Ch. 12 - Prob. 2FCCECh. 12 - Prob. 3FCCECh. 12 - Prob. 4FCCECh. 12 - Prob. 5FCCECh. 12 - Prob. 6FCCECh. 12 - Prob. 7FCCECh. 12 - Prob. 8FCCECh. 12 - Prob. 9FCCECh. 12 - Give two ways to compute the variance of a...Ch. 12 - Prob. 11FCCECh. 12 - Prob. 12FCCECh. 12 - Prob. 13FCCECh. 12 - Prob. 14FCCECh. 12 - How is an integral involving a normal density...Ch. 12 - Prob. 16FCCECh. 12 - Prob. 17FCCECh. 12 - Let X be a continuous random variable on 0x2, with...Ch. 12 - Prob. 2RECh. 12 - Prob. 3RECh. 12 - Prob. 4RECh. 12 - Prob. 5RECh. 12 - Prob. 6RECh. 12 - Prob. 7RECh. 12 - Prob. 8RECh. 12 - Probability of Gasoline Sales A certain gas...Ch. 12 - Prob. 10RECh. 12 - Prob. 11RECh. 12 - Prob. 12RECh. 12 - Prob. 13RECh. 12 - Prob. 14RECh. 12 - Prob. 15RECh. 12 - Prob. 16RECh. 12 - Prob. 17RECh. 12 - Deciding on a Service Contract The condenser motor...Ch. 12 - Prob. 19RECh. 12 - Prob. 20RECh. 12 - Prob. 21RECh. 12 - Prob. 22RECh. 12 - Prob. 23RECh. 12 - Prob. 24RECh. 12 - Prob. 25RECh. 12 - Prob. 26RECh. 12 - Area under the Normal Curve It is useful in some...Ch. 12 - Prob. 28RECh. 12 - Prob. 29RECh. 12 - Prob. 30RECh. 12 - Prob. 31RECh. 12 - Prob. 32RECh. 12 - Prob. 33RECh. 12 - Rolling Dice A pair of dice is rolled until a 7 or...Ch. 12 - Rolling Dice A pair of dice is rolled until a 7 or...Ch. 12 - Rolling Dice A pair of dice is rolled until a 7 or...
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