Numerical Analysis, Books A La Carte Edition (3rd Edition)
3rd Edition
ISBN: 9780134697338
Author: Timothy Sauer
Publisher: PEARSON
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Chapter 1.4, Problem 10CP
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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
Numerical Analysis, Books A La Carte Edition (3rd Edition)
Ch. 1.1 - Use the Intermediate Value Theorem to find an...Ch. 1.1 - Use the Intermediate Value Theorem to find an...Ch. 1.1 - Consider the equations in Exercise 1. Apply two...Ch. 1.1 - Consider the equations in Exercise 2. Apply two...Ch. 1.1 - Consider the equation x4=x3+10 . a. Find an...Ch. 1.1 - Suppose that the Bisection Method with starting...Ch. 1.1 - Prob. 1CPCh. 1.1 - Use the Bisection Method to find the root to eight...Ch. 1.1 - Use the Bisection Method to locate all solutions...Ch. 1.1 - Prob. 4CP
Ch. 1.1 - Prob. 5CPCh. 1.1 - Use the Bisection Method to calculate the solution...Ch. 1.1 - Use the Bisection Method to find the two real...Ch. 1.1 - The Hilbert matrix is the nn matrix whose ijth...Ch. 1.1 - Prob. 9CPCh. 1.1 - A planet orbiting the sun traverses an ellipse....Ch. 1.2 - Find all fixed points of the following gx . a. 3x...Ch. 1.2 - Find all fixed points of the following gx . x+63x2...Ch. 1.2 - Prob. 3ECh. 1.2 - Show that -1, 0, and 1 are fixed points of the...Ch. 1.2 - For which of the following gx is r=3 a fixed...Ch. 1.2 - For which of the following is a fixed...Ch. 1.2 - Use Theorem 1.6 to determine whether Fixed-Point...Ch. 1.2 - Use Theorem 1.6 to determine whether Fixed-Point...Ch. 1.2 - Find each fixed point and decide whether...Ch. 1.2 - Find each fixed point and decide whether...Ch. 1.2 - Express each equation as a fixed-point problem...Ch. 1.2 - Consider the Fixed-Point Iteration xgx=x20.24 ....Ch. 1.2 - (a) Find all fixed points of.
(b) To which of the...Ch. 1.2 - Which of the following three Fixed-Point...Ch. 1.2 - Which of the following three Fixed-Point...Ch. 1.2 - Which of the following three Fixed-Point...Ch. 1.2 - Check that and -1 are roots of. Isolate the term...Ch. 1.2 - Prove that the method of Example 1.6 will...Ch. 1.2 - Explore the idea of Example 1.6 for cube roots. Lf...Ch. 1.2 - Improve the cube root algorithm of Exercise 19 by...Ch. 1.2 - Prob. 21ECh. 1.2 - Prob. 22ECh. 1.2 - Assume that gx is continuously differentiable and...Ch. 1.2 - Assume that g is a continuously differentiable...Ch. 1.2 - Prob. 25ECh. 1.2 - Prove that a continuously differentiable function ...Ch. 1.2 - Prob. 27ECh. 1.2 - Prob. 28ECh. 1.2 - Prob. 29ECh. 1.2 - Prob. 30ECh. 1.2 - Prob. 31ECh. 1.2 - Find the set of all initial guesses for which the...Ch. 1.2 - Prob. 33ECh. 1.2 - Prob. 1CPCh. 1.2 - Prob. 2CPCh. 1.2 - Calculate the square roots of the following...Ch. 1.2 - Calculate the cube roots of the following numbers...Ch. 1.2 - Prob. 5CPCh. 1.2 - Prob. 6CPCh. 1.2 - Prob. 7CPCh. 1.3 - Find the forward and backward error for the...Ch. 1.3 - Find the forward and backward error for the...Ch. 1.3 - (a) Find the multiplicity of the root r=0 of...Ch. 1.3 - (a) Find the multiplicity of the root of.
(b)...Ch. 1.3 - Find the relation between forward and backward...Ch. 1.3 - Let be a positive integer. The equation defining...Ch. 1.3 - Let be the Wilkinson polynomial. (a) Prove that ...Ch. 1.3 - Let fx=xnaxn1 , and set gx=xn . (a) Use the...Ch. 1.3 - Prob. 1CPCh. 1.3 - Carry' out Computer Problem 1 for fx=sinx3x3 .Ch. 1.3 - Prob. 3CPCh. 1.3 - Prob. 4CPCh. 1.3 - Prob. 5CPCh. 1.3 - Prob. 6CPCh. 1.4 - Apply two steps of Newton’s Method with initial...Ch. 1.4 - Apply two steps of Newton’s Method with initial...Ch. 1.4 - Use Theorem 1.11 or 1.12 to estimate the error...Ch. 1.4 - Estimate
as in Exercise 3.
(a) ; ,
(b) ; ,
Ch. 1.4 - Consider the equation 8x412x3+6x2x=0 . For each of...Ch. 1.4 - Sketch a function f and initial guess for which...Ch. 1.4 - Let fx=x47x3+18x220x+8 . Does Newton’s Method...Ch. 1.4 - Prove that Newton’s Method applied to fx=ax+b...Ch. 1.4 - Show that applying Newton’s Method to fx=x2A...Ch. 1.4 - Find the Fixed-Point Iteration produced by...Ch. 1.4 - Use Newton’s Method to produce a quadratically...Ch. 1.4 - Suppose Newton’s Method is applied to the...Ch. 1.4 - (a) The function has a root at . If the error ...Ch. 1.4 - Let
denote the Newton’s Method iteration for the...Ch. 1.4 - Each equation has one root. Use Newton’s Method to...Ch. 1.4 - Prob. 2CPCh. 1.4 - Apply Newton’s Method to find the only root to as...Ch. 1.4 - Carry out the steps of Computer Problem 3 for (a)...Ch. 1.4 - Prob. 5CPCh. 1.4 - Prob. 6CPCh. 1.4 - Consider the function fx=esin3x+x62x4x31 on the...Ch. 1.4 - Prob. 8CPCh. 1.4 - Prob. 9CPCh. 1.4 - Set fx=54x6+45x5102x469x3+35x2+16x4 . Plot the...Ch. 1.4 - The ideal gas law for a gas at low temperature and...Ch. 1.4 - Prob. 12CPCh. 1.4 - Prob. 13CPCh. 1.4 - Prob. 14CPCh. 1.4 - Prob. 15CPCh. 1.4 - Prob. 16CPCh. 1.4 - Consider the national population growth model...Ch. 1.5 - Prob. 1ECh. 1.5 - Apply two steps of the Method of False Position...Ch. 1.5 - Apply two steps of Inverse Quadratic Interpolation...Ch. 1.5 - A commercial fisher wants to set the net at a...Ch. 1.5 - Prob. 5ECh. 1.5 - If the Secant Method converges to, , and , then...Ch. 1.5 - Consider the following four methods for...Ch. 1.5 - Prob. 1CPCh. 1.5 - Use the Method of False Position to find the...Ch. 1.5 - Prob. 3CPCh. 1.5 - Prob. 4CPCh. 1.5 - Prob. 5CPCh. 1.5 - Prob. 6CPCh. 1.5 - Write a MATLAB function file for f . The...Ch. 1.5 - Plot f on , . You may use the @ symbol as...Ch. 1.5 - Reproduce Figure 1.15. The MATLAB commands and...Ch. 1.5 - Solve the forward kinematics problem for the...Ch. 1.5 - Prob. 5SACh. 1.5 - Find a strut length p2 , with the rest of the...Ch. 1.5 - Calculate the intervals in p2 , with the rest of...Ch. 1.5 - Prob. 8SA
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