Elementary Algebra
17th Edition
ISBN: 9780998625713
Author: Lynn Marecek, MaryAnne Anthony-Smith
Publisher: OpenStax - Rice University
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Textbook Question
Chapter 2.2, Problem 2.37TI
Solve:
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Week 3: Mortgages and Amortiza X
+
rses/167748/assignments/5379530?module_item_id=23896312
11:59pm
Points 10
Submitting an external tool
Gider the following monthly amortization schedule:
Payment # Payment Interest
Debt Payment
Balance
1
1,167.34 540.54
626.80
259,873.20
2
1,167.34 539.24
628.10
259,245.10
3
1,167.34
With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loa
Round your answer to the nearest hundredth of a percent.
Do NOT round until you calculate the final answer.
* Previous
a
E
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values:
Price
Number Sold
$2.70
765
$3.50
515
$2.00
990
$4.30
240
$3.10
325
$4.00
475
Using simple linear regression and given that the price per cup is $1.85, the forecasted demand for mocha latte coffees will be
cups (enter your response rounded to one decimal place).
Chapter 2 Solutions
Elementary Algebra
Ch. 2.1 - Is y=43 a solution of 9y+2=6y+3 ?Ch. 2.1 - Is y=75 a solution of 5y+3=10y4 ?Ch. 2.1 - Solve: x+19=27 .Ch. 2.1 - Solve: x+16=34 .Ch. 2.1 - Solve: n61=75 .Ch. 2.1 - Solve: p41=73 .Ch. 2.1 - Solve: p23=56 .Ch. 2.1 - Solve: q12=56 .Ch. 2.1 - Solve: b0.47=2.1 .Ch. 2.1 - Solve: c0.93=4.6 .
Ch. 2.1 - Solve: 8y47y7=4 .Ch. 2.1 - Solve: 6z+55z4=3 .Ch. 2.1 - Solve: 5(p3)4p=10 .Ch. 2.1 - Solve: 4(q+2)3q=8 .Ch. 2.1 - Solve: 4(2h3)7h=6(h2)6(h1) .Ch. 2.1 - Solve: 2(5x+2)9x=3(x2)3(x4) .Ch. 2.1 - Translate and solve: Ten more than x is equal to...Ch. 2.1 - Translate and solve: Twelve less than x is equal...Ch. 2.1 - Translate and solve: The difference of 4x and 3x...Ch. 2.1 - Translate and solve: The difference of 7a and 6a...Ch. 2.1 - Translate into an algebraic equation and solve:...Ch. 2.1 - Translate into an algebraic equation and solve:...Ch. 2.1 - Translate into an algebraic equation and solve:...Ch. 2.1 - Translate into an algebraic equation and solve:...Ch. 2.1 - In the following exercises, determine whether the...Ch. 2.1 - In the following exercises, determine whether the...Ch. 2.1 - In the following exercises, determine whether the...Ch. 2.1 - In the following exercises, determine whether the...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - In the following exercises, solve each equation...Ch. 2.1 - 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How do...Ch. 2.1 - What is the first step in your solution to the...Ch. 2.2 - Solve: 3y=41 .Ch. 2.2 - Solve: 4z=55 .Ch. 2.2 - Solve: a7=42 .Ch. 2.2 - Solve: b6=24 .Ch. 2.2 - Solve: k=8 .Ch. 2.2 - Solve: g=3 .Ch. 2.2 - Solve: 25n=14 .Ch. 2.2 - Solve: 56y=15 .Ch. 2.2 - Solve: 925=45z .Ch. 2.2 - Solve: 56=83r .Ch. 2.2 - Solve: 1827=15c9c3c .Ch. 2.2 - Solve: 1822=12xx4x .Ch. 2.2 - Solve: 4(q2)8=24 .Ch. 2.2 - Solve: 6(r2)12=30 .Ch. 2.2 - Translate and solve: The number 132 is the product...Ch. 2.2 - Translate and solve: The number 117 is the product...Ch. 2.2 - Translate and solve: n divided by 7 is equal to 21...Ch. 2.2 - Translate and solve: n divided by 8 is equal to 56...Ch. 2.2 - Translate and solve: The quotient of q and 8 is...Ch. 2.2 - Translate and solve: The quotient of p and 9 is...Ch. 2.2 - Translate and solve: Two-fifths of f is 16.Ch. 2.2 - Translate and solve: Three-fourths of f is 21.Ch. 2.2 - Translate and solve: The sum of five-eighths and x...Ch. 2.2 - Translate and solve: The sum of three-fourths and...Ch. 2.2 - Translate and solve: Arianna bought a 24-pack of...Ch. 2.2 - Translate and solve: At JB’s Bowling Alley, 6...Ch. 2.2 - Translate and solve: The annual property tax on...Ch. 2.2 - Translate and solve: Stella planted 14 flats of...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - In the following exercises, solve each equation...Ch. 2.2 - 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Solve: 3p14=5p .Ch. 2.3 - Solve: 8m+9=5m .Ch. 2.3 - Solve: 12j=4j+32 .Ch. 2.3 - Solve: 8h=4h+12 .Ch. 2.3 - Solve: 12x+8=6x+2 .Ch. 2.3 - Solve: 9y+4=7y+12 .Ch. 2.3 - Solve: 8q5=4q+7 .Ch. 2.3 - Solve: 7n3=n+3 .Ch. 2.3 - Solve: 2a2=6a+18 .Ch. 2.3 - Solve: 4k1=7k+17 .Ch. 2.3 - Solve: 78x12=18x2 .Ch. 2.3 - Solve: 76y+11=16y+8 .Ch. 2.3 - Solve: 2.8x+12=1.4x9 .Ch. 2.3 - Solve: 3.6y+8=1.2y4 .Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - In the following exercises, solve the following...Ch. 2.3 - 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How...Ch. 2.4 - Solve: 5(x+3)=35 .Ch. 2.4 - Solve: 6(y4)=18 .Ch. 2.4 - Solve: (y+8)=2 .Ch. 2.4 - Solve: (z+4)=12 .Ch. 2.4 - Solve: 2(m4)+3=1 .Ch. 2.4 - Solve: 7(n3)8=15 .Ch. 2.4 - Solve: 13(6u+3)=7u .Ch. 2.4 - Solve: 23(9x12)=8+2x .Ch. 2.4 - Solve: 123(4j+3)=17 .Ch. 2.4 - Solve: 68(k2)=10 .Ch. 2.4 - Solve: 6(p3)7=5(4p+3)12 .Ch. 2.4 - Solve: 8(q+1)5=3(2q4)1 .Ch. 2.4 - Solve: 6[42(7y1)]=8(138y) .Ch. 2.4 - Solve: 12[15(4z1)]=3(24+11z) .Ch. 2.4 - Solve: 0.55(100n+8)=0.6(85n+14) .Ch. 2.4 - Solve: 0.15(40m120)=0.5(60m+12) .Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - Classify the equation as a conditional equation,...Ch. 2.4 - In the following exercises, solve each linear...Ch. 2.4 - In the following exercises, solve each linear...Ch. 2.4 - 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The...Ch. 2.5 - Stamps Paula bought $22.82 worth of 49-cent stamps...Ch. 2.5 - Explain how you find the least common denominator...Ch. 2.5 - If an equation has several fractions, how does...Ch. 2.5 - If an equation has fractions only on one side, why...Ch. 2.5 - In the equation 0.35x+2.1=2.85 what is the LCD?...Ch. 2.6 - Lindsay drove for 512 hours at 60 miles per hour....Ch. 2.6 - Trinh walked for 213 hours at 3 miles per hour....Ch. 2.6 - Lee wants to drive from Phoenix to his brother’s...Ch. 2.6 - Yesenia is 168 miles from Chicago. 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Solve the...Ch. 2.6 - Converting temperature While on a tour in Greece,...Ch. 2.6 - Converting temperature Yon was visiting the United...Ch. 2.6 - Solve the equation 2x+3y=6 for y (a) when x=3 (b)...Ch. 2.6 - Solve the equation 5x2y=10 for x (a) when y=10 (b)...Ch. 2.7 - Graph on the number line: (a) x1 (b) x2 (c) x3Ch. 2.7 - Graph on the number line: (a) x2 (b) x3 (c) x1Ch. 2.7 - Graph on the number line and write in interval...Ch. 2.7 - Graph on the number line and write in interval...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve each inequality, graph the solution on the...Ch. 2.7 - Solve each inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality, graph the solution on the...Ch. 2.7 - Solve the inequality 3q7q23 , graph the solution...Ch. 2.7 - Solve the inequality 6x10x+19 , graph the solution...Ch. 2.7 - Solve the inequality 9y+2(y+6)5y24 , graph the...Ch. 2.7 - Solve the inequality 6u+8(u1)10u+32 , graph the...Ch. 2.7 - Solve the inequality 4b3(3b)5(b6)+2b , graph the...Ch. 2.7 - Solve the inequality 9h7(2h)8(h+11)+8h , graph the...Ch. 2.7 - Solve the inequality 14x112x16x+78 , graph the...Ch. 2.7 - Solve the inequality 25z13z115z35 , graph the...Ch. 2.7 - Translate and solve. 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- Consider a forest where the population of a particular plant species grows exponentially. In a real-world scenario, we often deal with systems where the analytical function describing the phenomenon is not available. In such cases, numerical methods come in handy. For the sake of this task, however, you are provided with an analytical function so that you can compare the results of the numerical methods to some ground truth. The population P(t) of the plants at time t (in years) is given by the equation: P(t) = 200 0.03 t You are tasked with estimating the rate of change of the plant population at t = 5 years using numerical differentiation methods. First, compute the value of P'(t) at t = 5 analytically. Then, estimate P'(t) at t = 5 years using the following numerical differentiation methods: ⚫ forward difference method (2nd-order accurate) 3 ⚫ backward difference method (2nd-order accurate) ⚫ central difference method (2nd-order accurate) Use h = 0.5 as the step size and round all…arrow_forwardNicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started: Expense Date Amount Attorney fees for articles of incorporation February 10 $ 40,500 March 1-March 30 wages March 30 6,550 March 1-March 30 rent Stock issuance costs March 30 2,850 April 1-May 30 wages Note: Leave no answer blank. Enter zero if applicable. April 1 May 30 24,000 16,375 c. What amount can the corporation deduct as amortization expense for the organizational expenditures and for the start-up costs for year 1 [not including the amount determined in part (b)]? Note: Round intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount. Start-up costs amortized Organizational expenditures amortizedarrow_forwardLast Chance Mine (LCM) purchased a coal deposit for $2,918,300. It estimated it would extract 18,950 tons of coal from the deposit. LCM mined the coal and sold it, reporting gross receipts of $1.24 million, $13 million, and $11 million for years 1 through 3, respectively. During years 1-3, LCM reported net income (loss) from the coal deposit activity in the amount of ($11,400), $550,000, and $502,500, respectively. In years 1-3, LCM extracted 19,950 tons of coal as follows: (1) Tons of Coal 18,950 Depletion (2) Basis (2)(1) Rate $2,918,300 $154.00 Tons Extracted per Year Year 1 4,500 Year 2 8,850 Year 3 6,600 Note: Leave no answer blank. Enter zero if applicable. Enter your answers in dollars and not in millions of dollars. a. What is LCM's cost depletion for years 1, 2, and 3? Cost Depletion Year 1 Year 2 Year 3arrow_forward
- Consider the following equation. log1/9' =6 Find the value of x. Round your answer to the nearest thousandth. x = ✓arrow_forwardExpanding a logarithmic expression: Problem type 3 Use the properties of logarithms to expand the following expression. 4(8+x)² log 5 ) Your answer should not have radicals or exponents. You may assume that all variables are positive. log 4(8 + X 5 -x)²arrow_forwardUse the properties of logarithms to expand the following expression. log 6(x+5)² 3/24 Your answer should not have radicals or exponents. You may assume that all variables are positive. log 6(x + 3 I 4 5)² log Xarrow_forward
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