Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
8th Edition
ISBN: 9781305867192
Author: Robert Brechner, Geroge Bergeman
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 19.I, Problem 16RE
Rene Boyer, age 27. wants to purchase a 5-year term insurance policy with a face value of $25,000. As her insurance agent, answer the following questions:
a. What is the annual premium for this policy?
b. What is the monthly premium?
c. How much more will Rene pay per year if she chooses monthly payments?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
2. Suppose the graph below left is the function f(x). In the space below, describe what
transformations are occuring in the transformed function 3ƒ(-2x) + 1. The graph it on the
coordinate plane below right. (4 points)
1
1. Suppose we have the function f(x) = = and then we transform it by moving it four units to the
right and six units down, reflecting it horizontally, and stretching vertically by 5 units. What will
the formula of our new function g(x) be? (2 points)
g(x) =
Suppose an oil spill covers a circular area and the radius, r, increases according to the graph shown below where t
represents the number of minutes since the spill was first observed.
Radius (feet)
80
70
60
50
40
30
20
10
0
r
0 10 20 30 40 50 60 70 80 90
Time (minutes)
(a) How large is the circular area of the spill 30 minutes after it was first observed? Give your answer in terms of π.
square feet
(b) If the cost to clean the oil spill is proportional to the square of the diameter of the spill, express the cost, C, as a
function of the radius of the spill, r. Use a lower case k as the proportionality constant.
C(r) =
(c) Which of the following expressions could be used to represent the amount of time it took for the radius of the spill to
increase from 20 feet to 60 feet?
r(60) - r(20)
Or¹(80-30)
r(80) - r(30)
r-1(80) - r−1(30)
r-1(60) - r¹(20)
Chapter 19 Solutions
Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
Ch. 19.I - Prob. 1TIECh. 19.I - Prob. 2TIECh. 19.I - Prob. 3TIECh. 19.I - Calculate the annual, semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 3RECh. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 5RECh. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Calculate the annual. semiannual, quarterly, and...
Ch. 19.I - Calculate the annual. semiannual, quarterly, and...Ch. 19.I - Prob. 9RECh. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Prob. 11RECh. 19.I - Prob. 12RECh. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Calculate the value of the nonforfeiture options...Ch. 19.I - Leroy Kirk is 35 years old and is interested in...Ch. 19.I - 16. Rene Boyer, age 27. wants to purchase a 5-year...Ch. 19.I - Carmen Gutierrez purchased a $75,000, 20-payment...Ch. 19.I - 18. Alex Baron is evaluating his life insurance...Ch. 19.I - Richard Ryan is evaluating his life insurance...Ch. 19.I - BUSINESS DECISION: THE CONSULTATION
20. Tina...Ch. 19.II - You are the insurance agent for Diamond...Ch. 19.II - Prob. 5TIECh. 19.II - Prob. 6TIECh. 19.II - Prob. 7TIECh. 19.II - Prob. 8TIECh. 19.II - Prob. 1RECh. 19.II - Prob. 2RECh. 19.II - Prob. 3RECh. 19.II - Calculate the building, contents, and total...Ch. 19.II - Prob. 5RECh. 19.II - Prob. 6RECh. 19.II - Prob. 7RECh. 19.II - Prob. 8RECh. 19.II - Prob. 9RECh. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Calculate the short-term premium and refund for...Ch. 19.II - Prob. 13RECh. 19.II - Prob. 14RECh. 19.II - Prob. 15RECh. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 17RECh. 19.II - Calculate the amount to be paid by the insurance...Ch. 19.II - Prob. 19RECh. 19.II - You are the insurance agent for Castle Mountain...Ch. 19.II - A property insurance policy has an annual premium...Ch. 19.II - 22. Insignia Enterprises has a property insurance...Ch. 19.II - Prob. 23RECh. 19.II - BUSINESS DECISION: BUSINESS INTERRUPTION INSURANCE...Ch. 19.III - Jeff Wasserman, owner of High Performance Racing...Ch. 19.III - Prob. 10TIECh. 19.III - Prob. 1RECh. 19.III - Prob. 2RECh. 19.III - Prob. 3RECh. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - Prob. 5RECh. 19.III - Prob. 6RECh. 19.III - Prob. 7RECh. 19.III - As an insurance agent, calculate the annual...Ch. 19.III - 9. Rick Clinton wants to purchase an automobile...Ch. 19.III -
10. Howard Marshall’s Corvette was hit by a palm...Ch. 19.III - Ben Hoffman has motor vehicle liability insurance...Ch. 19.III - BUSINESS DECISION: INSURING THE FLEET
12. The...Ch. 19 - A mechanism for reducing financial risk and...Ch. 19 - 2. The amount of protection provided by an...Ch. 19 - Prob. 3CRCh. 19 - Prob. 4CRCh. 19 - Prob. 5CRCh. 19 - Prob. 6CRCh. 19 - Prob. 7CRCh. 19 - Prob. 8CRCh. 19 - The premium charged when a policy is canceled by...Ch. 19 - The clause in a property insurance policy...Ch. 19 - Prob. 11CRCh. 19 - Prob. 12CRCh. 19 - Prob. 13CRCh. 19 - Prob. 14CRCh. 19 - Prob. 1ATCh. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Calculate the annual, semiannual, quarterly, and...Ch. 19 - Prob. 5ATCh. 19 - Prob. 6ATCh. 19 - Prob. 7ATCh. 19 - 8. Mary Hall purchased a $45,000 20-year endowment...Ch. 19 - Prob. 9ATCh. 19 - Calculate the building, contents, and total...Ch. 19 - Prob. 11ATCh. 19 - Prob. 12ATCh. 19 - Prob. 13ATCh. 19 - Calculate the short-term premium and refund for...Ch. 19 - Prob. 15ATCh. 19 - Calculate the amount to be paid by the insurance...Ch. 19 - Prob. 17ATCh. 19 - Prob. 18ATCh. 19 - Prob. 19ATCh. 19 - Prob. 20ATCh. 19 - Prob. 21ATCh. 19 - Prob. 22ATCh. 19 - Prob. 23ATCh. 19 - Prob. 24AT
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
- 6. Graph the function f(x)=log3x. Label three points on the graph (one should be the intercept) with corresponding ordered pairs and label the asymptote with its equation. Write the domain and range of the function in interval notation. Make your graph big enough to see all important features.arrow_forwardFind the average value gave of the function g on the given interval. gave = g(x) = 8√√x, [8,64] Need Help? Read It Watch Itarrow_forward3. Mary needs to choose between two investments: One pays 5% compounded annually, and the other pays 4.9% compounded monthly. If she plans to invest $22,000 for 3 years, which investment should she choose? How much extra interest will she earn by making the better choice? For all word problems, your solution must be presented in a sentence in the context of the problem.arrow_forward
- 4 πT14 Sin (X) 3 Sin(2x) e dx 1716 S (sinx + cosx) dxarrow_forwardLet g(x) = f(t) dt, where f is the function whose graph is shown. 3 y f(t) MA t (a) At what values of x do the local maximum and minimum values of g occur? Xmin = Xmin = Xmax = Xmax = (smaller x-value) (larger x-value) (smaller x-value) (larger x-value) (b) Where does g attain its absolute maximum value? x = (c) On what interval is g concave downward? (Enter your answer using interval notation.)arrow_forward2. Graph the function f(x)=e* −1. Label three points on the graph (one should be the intercept) with corresponding ordered pairs (round to one decimal place) and label the asymptote with its equation. Write the domain and range of the function in interval notation. Make your graph big enough to see all important features. You may show the final graph only.arrow_forward
- ansewer both questions in a very detailed manner . thanks!arrow_forwardQuestion Considering the definition of f(x) below, find lim f(x). Select the correct answer below: -56 -44 ○ -35 ○ The limit does not exist. x+6 -2x² + 3x 2 if x-4 f(x) = -x2 -x-2 if -4x6 -x²+1 if x > 6arrow_forwardLet g(x) = f(t) dt, where f is the function whose graph is shown. y 5 f 20 30 t (a) Evaluate g(x) for x = 0, 5, 10, 15, 20, 25, and 30. g(0) = g(5) = g(10) = g(15) =| g(20) = g(25) = g(30) = (b) Estimate g(35). (Use the midpoint to get the most precise estimate.) g(35) = (c) Where does g have a maximum and a minimum value? minimum x= maximum x=arrow_forward
- Question Determine lim f(x) given the definition of f(x) below. (If the limit does not exist, enter DNE.) x+6+ -2x²+3x-2 f(x) -2x-1 if x-5 if -−5≤ x ≤ 6 3 if x 6arrow_forwardQuestion Given the following piecewise function, evaluate lim f(x). (If the limit does not exist, enter DNE.) x-3 Provide your answer below: x² + 3x 3 if x-3 f(x) -3 if -3x -2x²+2x-1 6 if x 6arrow_forwardQuestion Given the following piecewise function, evaluate lim f(x). x→2 Select the correct answer below: -73 -24 -9 -12 The limit does not exist. 2x f(x) = -2x²-1 if -2x2 3x+2 if x 2arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
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