Fundamentals of Differential Equations plus MyLab Math with Pearson eText -- Title-Specific Access Card Package (9th Edition) (Nagle, Saff & Snider, Fundamentals of Differential Equations)
9th Edition
ISBN: 9780134768748
Author: Nagle
Publisher: PEARSON
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The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
Given: Circle J
2
What is the value of y?
A. 38
C.
68
B. 50
D. 92
Chapter 1 Solutions
Fundamentals of Differential Equations plus MyLab Math with Pearson eText -- Title-Specific Access Card Package (9th Edition) (Nagle, Saff & Snider, Fundamentals of Differential Equations)
Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - Prob. 9ECh. 1.1 - In Problems 112, a differential equation is given...
Ch. 1.1 - In Problems 112, a differential equation is given...Ch. 1.1 - Prob. 12ECh. 1.1 - In Problems 1316, write a differential equation...Ch. 1.1 - In Problems 1316, write a differential equation...Ch. 1.1 - In Problems 1316, write a differential equation...Ch. 1.1 - In Problems 1316, write a differential equation...Ch. 1.1 - Prob. 17ECh. 1.2 - (a) Show that (x) = x2 is an explicit solution to...Ch. 1.2 - (a) Show that y2 + x 3 = 0 is an implicit...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 38, determine whether the given...Ch. 1.2 - In Problems 913, determine whether the given...Ch. 1.2 - In Problems 913, determine whether the given...Ch. 1.2 - In Problems 913, determine whether the given...Ch. 1.2 - In Problems 913, determine whether the given...Ch. 1.2 - In Problems 913, determine whether the given...Ch. 1.2 - Prob. 14ECh. 1.2 - Verify that (x) = 2/(1 cex), where c is an...Ch. 1.2 - Verify that x2 + cy2 = 1, where c is an arbitrary...Ch. 1.2 - Show that (x) = Ce3x + 1 is a solution to dy/dx ...Ch. 1.2 - Let c 0. Show that the function (x) = (c2 x2) 1...Ch. 1.2 - Prob. 19ECh. 1.2 - Determine for which values of m the function (x) =...Ch. 1.2 - Prob. 21ECh. 1.2 - Prob. 22ECh. 1.2 - Prob. 23ECh. 1.2 - In Problem 2328, determine whether Theorem 1...Ch. 1.2 - In Problem 2328, determine whether Theorem 1...Ch. 1.2 - (a) Find the total area between f(x) = x3 x and...Ch. 1.2 - In Problem 2328, determine whether Theorem 1...Ch. 1.2 - In Problem 2328, determine whether Theorem 1...Ch. 1.2 - (a) For the initial value problem (12) of Example...Ch. 1.2 - Prob. 30ECh. 1.2 - Consider the equation of Example 5, (13)ydydx4x=0....Ch. 1.3 - The direction field for dy/dx = 4x/y is shown in...Ch. 1.3 - Prob. 2ECh. 1.3 - A model for the velocity at time t of a certain...Ch. 1.3 - Prob. 4ECh. 1.3 - The logistic equation for the population (in...Ch. 1.3 - Consider the differential equation dydx=x+siny....Ch. 1.3 - Consider the differential equation dpdt=p(p1)(2p)...Ch. 1.3 - The motion of a set of particles moving along the...Ch. 1.3 - Let (x) denote the solution to the initial value...Ch. 1.3 - Use a computer software package to sketch the...Ch. 1.3 - Prob. 11ECh. 1.3 - Prob. 12ECh. 1.3 - Prob. 13ECh. 1.3 - In Problems 11-16, draw the isoclines with their...Ch. 1.3 - Prob. 15ECh. 1.3 - Prob. 16ECh. 1.3 - From a sketch of the direction field, what can one...Ch. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.3 - Prob. 20ECh. 1.4 - In many of the problems below, it will be helpful...Ch. 1.4 - Prob. 2ECh. 1.4 - Prob. 3ECh. 1.4 - Prob. 4ECh. 1.4 - Prob. 5ECh. 1.4 - Use Eulers method with step size h = 0.2 to...Ch. 1.4 - Prob. 7ECh. 1.4 - Prob. 8ECh. 1.4 - Prob. 9ECh. 1.4 - Use the strategy of Example 3 to find a value of h...Ch. 1.4 - Prob. 11ECh. 1.4 - Prob. 12ECh. 1.4 - Prob. 13ECh. 1.4 - Prob. 14ECh. 1.4 - Prob. 15ECh. 1.4 - Prob. 16ECh. 1 - In Problems 16, identify the independent variable,...Ch. 1 - Prob. 2RPCh. 1 - Prob. 3RPCh. 1 - Prob. 4RPCh. 1 - Prob. 5RPCh. 1 - Prob. 6RPCh. 1 - Prob. 7RPCh. 1 - Prob. 8RPCh. 1 - Prob. 9RPCh. 1 - Prob. 10RPCh. 1 - Prob. 11RPCh. 1 - Prob. 12RPCh. 1 - Prob. 13RPCh. 1 - Prob. 14RPCh. 1 - Prob. 15RPCh. 1 - Prob. 16RPCh. 1 - Prob. 17RPCh. 1 - Prob. 1TWECh. 1 - Compare the different types of solutions discussed...
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