Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 13.II, Problem 9TIE
To determine
To calculate: The finance charge rebate and loan payoff if Mark Sanchez financed
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Name:
Mussels & bem
A section of a river currently has a population of 20 zebra mussels. The
population of zebra mussels increases 60 % each month. What will be the
population of zebra mussels after 2 years?
9
10
# of
months
# of
mussels
1
2
3
4
5
6
7
8
o
Graph your data. Remember to title your graph.
What scale should be used on the y-axis?
What scale should be used on the x-axis?
Exponential Growth Equation
y = a(1+r)*
AREA OF COMPOUND FIGURE
A compound shape is made up of basic shapes put together.
To find the area of a compound shape, follow these steps:
1. Break the compound shape into basic shapes.
2. Find the area of each basic shape.
3. Add the areas.
Example:
Area A 2 x 9 = 18
Area B = 4x4 = 16
2 ft.
Total area = 18+ 16 = 34
9 ft.
A
5 ft.
6 ft.
4 ft.
B
4 ft.
In a national park, the current population of an endangered species of bear is 80. Each year, the
population decreases by 10%. How can you model the population of bears in the park?
# of years
# of bears
9
10
2
3
4
5
6
7
8
°
1
Graph your data. Remember to title your graph.
What scale should be used on the y-axis?
What scale should be used on the x-axis?
SMOKY
19
OUNTAINS
NATIONAL
Exponential Decay Equation
y = a(1-r)*
PARK
Chapter 13 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 13.I - Mike Dennis has a Bank of America account with an...Ch. 13.I - Kendra Wolf has a Bank of America revolving credit...Ch. 13.I - Angler Marine has a $75,000 line of credit with...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Prob. 5RECh. 13.I - Calculate the missing information on the following...Ch. 13.I - Anny Winslow has a Bank of America revolving...
Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Prob. 11RECh. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Prob. 13RECh. 13.I - 14. Calculate the average daily balance for...Ch. 13.I - 15. Calculate the average daily balance for...Ch. 13.I - Carolyn Salkind has a Bank of America revolving...Ch. 13.I - Prob. 17RECh. 13.I - The Jewelry Exchange has a $30,000 line of credit...Ch. 13.II - Bob Johnson found a car he wanted to buy at...Ch. 13.II - Prob. 5TIECh. 13.II - Prob. 6TIECh. 13.II - Prob. 7TIECh. 13.II - Prob. 8TIECh. 13.II - Prob. 9TIECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 3RECh. 13.II - Prob. 4RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 6RECh. 13.II - Prob. 7RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 9RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Prob. 16RECh. 13.II - Prob. 17RECh. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Prob. 21RECh. 13.II - Prob. 22RECh. 13.II - Prob. 23RECh. 13.II - Calculate the finance charge and the annual...Ch. 13.II - Prob. 25RECh. 13.II - Prob. 26RECh. 13.II - Prob. 27RECh. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Prob. 31RECh. 13.II - Prob. 32RECh. 13.II - Calculate the missing information for the...Ch. 13.II - Calculate the missing information for the...Ch. 13.II - Prob. 35RECh. 13.II - Calculate the missing information for the...Ch. 13.II - Calculate the missing information for the...Ch. 13.II - Prob. 38RECh. 13.II - You are the loan department supervisor for the...Ch. 13.II - Prob. 40RECh. 13.II - You are the loan department supervisor for the...Ch. 13.II - You are the loan department supervisor for the...Ch. 13.II - You are the loan department supervisor for the...Ch. 13.II - Prob. 44RECh. 13.II - Prob. 45RECh. 13.II - 46. Meghan Pease purchased a small sailboat for...Ch. 13.II - Prob. 47RECh. 13.II - 48. Doug Black bought a jet ski with a 9% add-on...Ch. 13.II - Olivia Fast found a timeshare offer entitling her...Ch. 13.II - Tim Houston purchased a wall unit for $2,400. He...Ch. 13.II - First National Bank offers a 36-month installment...Ch. 13.II - At a recent boat show, Nautica Bank was offering...Ch. 13.II - Prob. 53RECh. 13.II - 54. a. What is the rebate fraction of a 36-month...Ch. 13.II - Charlie Allen financed a $3,500 Nautilus home gym...Ch. 13 - ____ credit is a loan arrangement in which there...Ch. 13 - The effective or true annual interest rate being...Ch. 13 - Loans that are backed by the borrowers promise to...Ch. 13 - 4. Loans made on a continuous basis and billed...Ch. 13 - 5. Name the two most common methods used to...Ch. 13 - Prob. 6CRCh. 13 - Prob. 7CRCh. 13 - Prob. 8CRCh. 13 - Prob. 9CRCh. 13 - Prob. 10CRCh. 13 - Prob. 11CRCh. 13 - Prob. 12CRCh. 13 - 13. The finance charge ________ is the unearned...Ch. 13 - Prob. 14CRCh. 13 - Prob. 1ATCh. 13 - Prob. 2ATCh. 13 - Prob. 3ATCh. 13 - 4. Calculate the average daily balance for January...Ch. 13 - Mel Arrandt has a Bank of America account with a...Ch. 13 - Alpine Construction, Inc. has a $100,000 line of...Ch. 13 - George Bell bought an ultralight airplane for...Ch. 13 - 8. David Sporn bought a saddle from Linville...Ch. 13 - 9. Buster Blaster Recording Studio purchased a new...Ch. 13 - Chris Manning purchased a $7,590 motorcycle with a...Ch. 13 - 11. SkyHigh Aircraft Sales uses the Executive...Ch. 13 - 12. After making 11 payments on a 36-month loan,...Ch. 13 - An Auntie Annes franchise financed a $68,000...Ch. 13 - 14. You are a salesperson for Mega Marine Boat...Ch. 13 - 15. Joe Keener found the accompanying ad for a...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 2. Find the Bezier surface equation using the 9 control points shown below. Use the u and v directions shown. It is required to show all the calculation processes for finding Bernstein polynomials. Find the surface tangent, twist and normal vectors at point u=0.5 and v=0.5. (40 points) y 10 9 8 7 6 5 4 3 2 Poo и 1 1 2 3 4 5 6 7 8 9 10 10 Xarrow_forward3 00 By changing to circular coordinates, evaluate foo √²²+v³ dx dy.arrow_forwardA cable runs along the wall from C to P at a cost of $24 per meter, and straight from P to M at a cost of $26 per meter. If M is 10 meters from the nearest point A on the wall where P lies, and A is 72 meters from C, find the distance from C to P such that the cost of installing the cable is minimized and find this cost. C 72 P A 10 Marrow_forward
- The number of bank robberies in a country for the years 2010-2018 is given in the following figure. Consider the closed interval [2010,2018]. (a) Give all relative maxima and minima and when they occur on the interval. (b) Give the absolute maxima and minima and when they occur on the interval. Incidents 7000- 6000-5 5482 5000- 4424 4273 4822 4000- 3708 3748 4229 4089 3000- 2582 2000- 1000- 0 2010 2012 2014 2016 2018 Yeararrow_forwardplease do 8.1 q7arrow_forwardplease do 8.1 q6arrow_forward
- If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in a certain city, where p(x)=158- X 10° a. Find an expression for the total revenue from the sale of x thousand candy bars. b. Find the value of x that leads to maximum revenue. c. Find the maximum revenue.arrow_forward3 The total profit P(X) (in thousands of dollars) from the sale of x hundred thousand automobile tires is approximated by P(x) = -x³ + 12x² + 60x - 200, x≥5. Find the number of hundred thousands of tires that must be sold to maximize profit. Find the maximum profit. The maximum profit is $ when hundred thousand tires are sold.arrow_forwardA fence must be built to enclose a rectangular area of 5000 ft². Fencing material costs $4 per foot for the two sides facing north and south and $8 per foot for the other two sides. Find the cost of the least expensive fence. The cost of the least expensive fence is $ (Simplify your answer.)arrow_forward
- The number of fish swimming upstream to spawn is approximated by the function given below, where x represents the temperature of the water in degrees Celsius. Find the water temperature that produces the maximum number of fish swimming upstream. F(x) = x3 + 3x² + 360x + 5017, 5≤x≤18arrow_forwardA campground owner has 500 m of fencing. He wants to enclose a rectangular field bordering a river, with no fencing along the river. (See the sketch.) Let x represent the width of the field. (a) Write an expression for the length of the field as a function of x. (b) Find the area of the field (area = length x width) as a function of x. (c) Find the value of x leading to the maximum area. (d) Find the maximum area. x Riverarrow_forwardA rectangular tank with a square base, an open top, and a volume of 1372 ft³ is to be constructed of sheet steel. Find the dimensions of the tank that has the minimum surface area. The dimensions of the tank with minimum surface area are (Simplify your answer. Use a comma to separate answers.) ft.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Elementary Algebra
Algebra
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:OpenStax - Rice University
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY