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 14.I, Problem 2RE
To determine
To calculate: The number of 1000’s financed, to estimate the table factor from the table, to calculate the monthly payment and total interest.
Amount Financed |
Interest Rate |
Term of loan (years) |
Number of $1,000s Financed |
Total Factor |
Monthly Payment |
Total Interest |
______ |
_______ |
________ |
_______ |
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Crumbs Cookies was interested in seeing if there was an association between cookie flavor and whether or not there was frosting. Given are the results of the last week's orders.
Frosting
No Frosting
Total
Sugar Cookie
50
Red Velvet
66
136
Chocolate Chip
58
Total
220
400
Which category has the greatest joint frequency?
Chocolate chip cookies with frosting
Sugar cookies with no frosting
Chocolate chip cookies
Cookies with frosting
Graphically, explain the various forms of linear functions
The table given shows the length, in feet, of dolphins at an aquarium.
7
15
10
18
18
15
9
22
Are there any outliers in the data?
There is an outlier at 22 feet. There is an outlier at 7 feet. There are outliers at 7 and 22 feet. There are no outliers.
Chapter 14 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 14.I - What is the monthly payment and total interest on...Ch. 14.I - Prob. 2TIECh. 14.I - Prob. 3TIECh. 14.I - Prob. 4TIECh. 14.I - Prob. 5TIECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 2RECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 4RECh. 14.I - Prob. 5RE
Ch. 14.I - Prob. 6RECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 8RECh. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - Ben and Mal Scott plan to buy a home for $272,900....Ch. 14.I - 16. Michael Sanchez purchased a condominium for...Ch. 14.I - 17. Luis Schambach is shopping for a 15-year...Ch. 14.I - 18. Phil Pittman is interested in a fixed-rate...Ch. 14.I - 19. Larry and Cindy Lynden purchased a townhome in...Ch. 14.I - Heather Gott bought a home with an adjustable-rate...Ch. 14.I - Joe and Gloria Moutran art purchasing a house in...Ch. 14.I - 22. You are a real estate broker for Aurora...Ch. 14.II - Justin Schaefer owns a home that was recently...Ch. 14.II - Roman Bass cams a gross income of $3,100 per...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Prob. 10RECh. 14.II - Prob. 11RECh. 14.II - Prob. 12RECh. 14.II - Prob. 13RECh. 14.II - Prob. 14RECh. 14.II - Use Exhibit 14-4, Lending Ratio Guidelines, on...Ch. 14.II - 16. Ronald and Samantha Brady recently had their...Ch. 14.II - Prob. 17RECh. 14.II - Ransford and Alda Mariano own a home recently...Ch. 14.II - Prob. 19RECh. 14.II - Jamie and Alice Newmark have a combined monthly...Ch. 14.II - Prob. 21RECh. 14.II - According to moncy.CNN.com. with mortguge rates...Ch. 14 - 1. Land, including permanent improvements on that...Ch. 14 - A(n) ___________ is a loan in which real property...Ch. 14 - Mortgage ___________ points are an extra charge...Ch. 14 - Prob. 4CRCh. 14 - 5. A(n) ___________ account is a bank account used...Ch. 14 - Prob. 6CRCh. 14 - Prob. 7CRCh. 14 - Prob. 8CRCh. 14 - Prob. 9CRCh. 14 - Prob. 10CRCh. 14 - A home equity ___________ is a lump-sum second...Ch. 14 - Prob. 12CRCh. 14 - Prob. 13CRCh. 14 - Prob. 14CRCh. 14 - Prob. 1ATCh. 14 - Prob. 2ATCh. 14 - Suzanne Arthurs purchased a home with a $146,100...Ch. 14 - Prob. 4ATCh. 14 - Prob. 5ATCh. 14 - Prob. 6ATCh. 14 - Prob. 7ATCh. 14 - Prob. 8ATCh. 14 - Prob. 9ATCh. 14 - Prob. 10ATCh. 14 - Prob. 11ATCh. 14 - 12. Dale Evans bought the Lazy D Ranch with an...Ch. 14 - 13. Diversified Investments purchased a 24-unit...Ch. 14 - Larry Mager purchased a ski lodge in Telluride for...Ch. 14 - 15. A Denny’s Restaurant franchisee is looking for...Ch. 14 - Prob. 16ATCh. 14 - Adam Marsh is purchasing a $134,000 condominium...Ch. 14 - Prob. 18ATCh. 14 - Prob. 19ATCh. 14 - Prob. 20ATCh. 14 - 21. Phil Armstrong earns a gross income of $5,355...Ch. 14 - 22. Magda Leon is applying for a home mortgage...
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
- 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)*arrow_forwardAREA 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.arrow_forwardIn 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)* PARKarrow_forward
- 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
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
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