[T] The demand D (in millions of barrels) for oil in ail oil-rich country is given by the function D ( p ) = 150 ⋅ ( 2.7 ) − 0.25 p where p is the price (in dollars) of a barrel of oil. Find the amount of oil demanded (to the nearest million barrels) when the price is between $15 and $20.
[T] The demand D (in millions of barrels) for oil in ail oil-rich country is given by the function D ( p ) = 150 ⋅ ( 2.7 ) − 0.25 p where p is the price (in dollars) of a barrel of oil. Find the amount of oil demanded (to the nearest million barrels) when the price is between $15 and $20.
[T] The demand D (in millions of barrels) for oil in ail oil-rich country is given by the function
D
(
p
)
=
150
⋅
(
2.7
)
−
0.25
p
where p is the price (in dollars) of a barrel of oil. Find the amount of oil demanded (to the nearest million barrels) when the price is between $15 and $20.
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
University Calculus: Early Transcendentals (4th Edition)
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