College Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
College Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
14th Edition
ISBN: 9780134674148
Author: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen, Christopher J. Stocker
Publisher: PEARSON
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Concept explainers

Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…
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Chapter 3, Problem 37RE

(A)

To determine

The present value in the account, if an annuity of $5,000 has been withdrawn on quarterly basis for 10 years at 7.32% interest compounded quarterly.

(B)

To determine

The quarterly amount deposited for a period of 20 years to gather the amount in part (A).

(C)

To determine

The total interest earned during the period of 30 years.

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Chapter 3 Solutions

College Mathematics for Business, Economics, Life Sciences, and Social Sciences (14th Edition)

Ch. 3.1 - Find the total amount due on a loan of $500 at 12%...Ch. 3.1 - Repeat Example 2 with a time period of 6...Ch. 3.1 - Repeat Example 3, assuming that you pay $9,828.74...Ch. 3.1 - Repeat Example 4 assuming that 90 days after it...Ch. 3.1 - Repeat Example 5 if 500 shares of stock were...Ch. 3.1 - Prob. 6MPCh. 3.1 - Prob. 1EDCh. 3.1 - Prob. 1ECh. 3.1 - In, Problems 1-4, if necessary, review Section...Ch. 3.1 - Prob. 3E
Ch. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Prob. 10ECh. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Prob. 14ECh. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - Prob. 25ECh. 3.1 - Prob. 26ECh. 3.1 - Prob. 27ECh. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.1 - Prob. 30ECh. 3.1 - Prob. 31ECh. 3.1 - Prob. 32ECh. 3.1 - Prob. 33ECh. 3.1 - Prob. 34ECh. 3.1 - Prob. 35ECh. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - Prob. 39ECh. 3.1 - Prob. 40ECh. 3.1 - Prob. 41ECh. 3.1 - Prob. 42ECh. 3.1 - Prob. 43ECh. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - Prob. 46ECh. 3.1 - Prob. 47ECh. 3.1 - Prob. 48ECh. 3.1 - Prob. 49ECh. 3.1 - Prob. 50ECh. 3.1 - Prob. 51ECh. 3.1 - Prob. 52ECh. 3.1 - Prob. 53ECh. 3.1 - Prob. 54ECh. 3.1 - Prob. 55ECh. 3.1 - Prob. 56ECh. 3.1 - Prob. 57ECh. 3.1 - Prob. 58ECh. 3.1 - Prob. 59ECh. 3.1 - Prob. 60ECh. 3.1 - Prob. 61ECh. 3.1 - Prob. 62ECh. 3.1 - What annual interest rate is earned by a 13-week...Ch. 3.1 - Prob. 64ECh. 3.1 - Prob. 65ECh. 3.1 - Prob. 66ECh. 3.1 - Prob. 67ECh. 3.1 - Prob. 68ECh. 3.1 - For services rendered, an attorney accepts a...Ch. 3.1 - Prob. 70ECh. 3.1 - Use the commission schedule from Company A shown...Ch. 3.1 - Prob. 72ECh. 3.1 - Prob. 73ECh. 3.1 - Prob. 74ECh. 3.1 - Prob. 75ECh. 3.1 - Prob. 76ECh. 3.1 - Many tax preparation firms offer their clients a...Ch. 3.1 - Prob. 78ECh. 3.1 - Prob. 79ECh. 3.1 - Prob. 80ECh. 3.1 - Prob. 81ECh. 3.1 - Prob. 82ECh. 3.1 - In Problems 83–86, assume that the annual interest...Ch. 3.1 - Prob. 84ECh. 3.1 - Prob. 85ECh. 3.1 - Prob. 86ECh. 3.1 - Prob. 87ECh. 3.1 - A payday loan is a short-term loan that is repaid...Ch. 3.1 - A payday loan is a short-term loan that is repaid...Ch. 3.1 - Prob. 90ECh. 3.2 - Repeat Example 1 with an annual interest rate of...Ch. 3.2 - Prob. 2MPCh. 3.2 - Prob. 3MPCh. 3.2 - Prob. 4MPCh. 3.2 - Prob. 5MPCh. 3.2 - Prob. 6MPCh. 3.2 - Prob. 7MPCh. 3.2 - Prob. 1EDCh. 3.2 - Prob. 2EDCh. 3.2 - Prob. 1ECh. 3.2 - Prob. 2ECh. 3.2 - Prob. 3ECh. 3.2 - Prob. 4ECh. 3.2 - In Problems 1–8, solve the equation for the...Ch. 3.2 - Prob. 6ECh. 3.2 - Prob. 7ECh. 3.2 - In Problems 1–8, solve the equation for the...Ch. 3.2 - Prob. 9ECh. 3.2 - Prob. 10ECh. 3.2 - Prob. 11ECh. 3.2 - Prob. 12ECh. 3.2 - In Problems 13–20, use the continuous compound...Ch. 3.2 - Prob. 14ECh. 3.2 - Prob. 15ECh. 3.2 - Prob. 16ECh. 3.2 - Prob. 17ECh. 3.2 - In Problems 13–20, use the continuous compound...Ch. 3.2 - Prob. 19ECh. 3.2 - Prob. 20ECh. 3.2 - Prob. 21ECh. 3.2 - Prob. 22ECh. 3.2 - In Problems 21–28, use the given annual interest...Ch. 3.2 - Prob. 24ECh. 3.2 - Prob. 25ECh. 3.2 - Prob. 26ECh. 3.2 - Prob. 27ECh. 3.2 - In Problems 21–28, use the given annual interest...Ch. 3.2 - Prob. 29ECh. 3.2 - Prob. 30ECh. 3.2 - Prob. 31ECh. 3.2 - Prob. 32ECh. 3.2 - In Problems 29–36, use the given interest rate i...Ch. 3.2 - Prob. 34ECh. 3.2 - Prob. 35ECh. 3.2 - Prob. 36ECh. 3.2 - Prob. 37ECh. 3.2 - If $2,000 is invested at 7%...Ch. 3.2 - Prob. 39ECh. 3.2 - If $20,000 is invested at 4% compounded monthly,...Ch. 3.2 - If $8,000 is invested at 7% compounded...Ch. 3.2 - Prob. 42ECh. 3.2 - Prob. 43ECh. 3.2 - Prob. 44ECh. 3.2 - Prob. 45ECh. 3.2 - Prob. 46ECh. 3.2 - If an investment company pays 6% compounded...Ch. 3.2 - If an investment company pays 8% compounded...Ch. 3.2 - Prob. 49ECh. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - What is the annual percentage yield (APY) for...Ch. 3.2 - Prob. 54ECh. 3.2 - Prob. 55ECh. 3.2 - Prob. 56ECh. 3.2 - Prob. 57ECh. 3.2 - How long will it take $42,000 to grow to $60,276...Ch. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - How long will it take money to double if it is...Ch. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - If the inflation rate averages 4% per year...Ch. 3.2 - Prob. 69ECh. 3.2 - In a suburb, housing costs have been increasing at...Ch. 3.2 - Prob. 71ECh. 3.2 - (A) Starting with formula (1), derive each of the...Ch. 3.2 - A promissory note will pay $50,000 at maturity 6...Ch. 3.2 - Prob. 74ECh. 3.2 - Prob. 75ECh. 3.2 - A married couple has $15,000 toward the purchase...Ch. 3.2 - An Individual Retirement Account (IRA) has $20,000...Ch. 3.2 - If $1 had been placed in a bank account in the...Ch. 3.2 - How long will it take money to double if it is...Ch. 3.2 - Prob. 80ECh. 3.2 - Prob. 81ECh. 3.2 - Prob. 82ECh. 3.2 - How long does it take for a $2,400 investment at...Ch. 3.2 - Prob. 84ECh. 3.2 - Prob. 85ECh. 3.2 - Prob. 86ECh. 3.2 - Prob. 87ECh. 3.2 - What is the annual nominal rate compounded monthly...Ch. 3.2 - Prob. 89ECh. 3.2 - Prob. 90ECh. 3.2 - Prob. 91ECh. 3.2 - Problems 91–94 refer to zero coupon bonds. A zero...Ch. 3.2 - Problems 91–94 refer to zero coupon bonds. A zero...Ch. 3.2 - Prob. 94ECh. 3.2 - Prob. 95ECh. 3.2 - Prob. 96ECh. 3.2 - The buying and selling commission schedule shown...Ch. 3.2 - Prob. 98ECh. 3.3 - Matched Problem 1 What is the value of an annuity...Ch. 3.3 - Prob. 2MPCh. 3.3 - Prob. 3MPCh. 3.3 - Prob. 4MPCh. 3.3 - Prob. 1EDCh. 3.3 - Prob. 2EDCh. 3.3 - Prob. 1ECh. 3.3 - Prob. 2ECh. 3.3 - Prob. 3ECh. 3.3 - Prob. 4ECh. 3.3 - Prob. 5ECh. 3.3 - Prob. 6ECh. 3.3 - Prob. 7ECh. 3.3 - Prob. 8ECh. 3.3 - Prob. 9ECh. 3.3 - Prob. 10ECh. 3.3 - Prob. 11ECh. 3.3 - Prob. 12ECh. 3.3 - Prob. 13ECh. 3.3 - Prob. 14ECh. 3.3 - Prob. 15ECh. 3.3 - Prob. 16ECh. 3.3 - In Problems 15–22, use the future value formula...Ch. 3.3 - Prob. 18ECh. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Prob. 21ECh. 3.3 - Prob. 22ECh. 3.3 - Prob. 23ECh. 3.3 - Prob. 24ECh. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 28ECh. 3.3 - In order to accumulate enough money for a down...Ch. 3.3 - Prob. 30ECh. 3.3 - Prob. 31ECh. 3.3 - Prob. 32ECh. 3.3 - Prob. 33ECh. 3.3 - Prob. 34ECh. 3.3 - If $1,000 is deposited at the end of each year for...Ch. 3.3 - Prob. 36ECh. 3.3 - Prob. 37ECh. 3.3 - If $500 is deposited each quarter into an account...Ch. 3.3 - Prob. 39ECh. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Prob. 45ECh. 3.3 - A company establishes a sinking fund for upgrading...Ch. 3.3 - Prob. 47ECh. 3.3 - Prob. 48ECh. 3.3 - Prob. 49ECh. 3.3 - Prob. 50ECh. 3.3 - In Problems 51 and 52, use graphical approximation...Ch. 3.3 - Prob. 52ECh. 3.4 - How much should you deposit in an account paying...Ch. 3.4 - Prob. 2MPCh. 3.4 - Prob. 3MPCh. 3.4 - Prob. 4MPCh. 3.4 - A couple purchased a home 20 years ago for...Ch. 3.4 - Which option should you choose if your credit...Ch. 3.4 - Prob. 7MPCh. 3.4 - Prob. 1EDCh. 3.4 - Prob. 2EDCh. 3.4 - Prob. 1ECh. 3.4 - Prob. 2ECh. 3.4 - Prob. 3ECh. 3.4 - Prob. 4ECh. 3.4 - Prob. 5ECh. 3.4 - Prob. 6ECh. 3.4 - Prob. 7ECh. 3.4 - Prob. 8ECh. 3.4 - Prob. 9ECh. 3.4 - Prob. 10ECh. 3.4 - Prob. 11ECh. 3.4 - Prob. 12ECh. 3.4 - Prob. 13ECh. 3.4 - Prob. 14ECh. 3.4 - Prob. 15ECh. 3.4 - Prob. 16ECh. 3.4 - In Problems 15–22, use formula (5) or (6) to solve...Ch. 3.4 - Prob. 18ECh. 3.4 - Prob. 19ECh. 3.4 - Prob. 20ECh. 3.4 - Prob. 21ECh. 3.4 - Prob. 22ECh. 3.4 - Prob. 23ECh. 3.4 - Prob. 24ECh. 3.4 - Prob. 25ECh. 3.4 - Explain why the last payment in an amortization...Ch. 3.4 - Prob. 27ECh. 3.4 - American General offers a 7-yeru ordinary annuity...Ch. 3.4 - Prob. 29ECh. 3.4 - Prob. 30ECh. 3.4 - Prob. 31ECh. 3.4 - Prob. 32ECh. 3.4 - Prob. 33ECh. 3.4 - Prob. 34ECh. 3.4 - Prob. 35ECh. 3.4 - Prob. 36ECh. 3.4 - Prob. 37ECh. 3.4 - Prob. 38ECh. 3.4 - Prob. 39ECh. 3.4 - Prob. 40ECh. 3.4 - Prob. 41ECh. 3.4 - Prob. 42ECh. 3.4 - Prob. 43ECh. 3.4 - Prob. 44ECh. 3.4 - Prob. 45ECh. 3.4 - Prob. 46ECh. 3.4 - Some friends tell you that they paid $25,000 down...Ch. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Prob. 50ECh. 3.4 - Prob. 51ECh. 3.4 - Prob. 52ECh. 3.4 - Prob. 53ECh. 3.4 - At the time they retire, a couple has $200,000 in...Ch. 3.4 - Prob. 55ECh. 3.4 - Prob. 56ECh. 3.4 - Prob. 57ECh. 3.4 - Prob. 58ECh. 3.4 - Prob. 59ECh. 3.4 - Prob. 60ECh. 3.4 - A person purchased a $145,000 home 10 years ago by...Ch. 3.4 - Prob. 62ECh. 3.4 - Prob. 63ECh. 3.4 - Prob. 64ECh. 3.4 - Prob. 65ECh. 3.4 - Prob. 66ECh. 3.4 - Prob. 67ECh. 3.4 - Prob. 68ECh. 3 - Prob. 1RECh. 3 - In Problems 1–4, find the indicated quantity,...Ch. 3 - In Problems 1–4, find the indicated quantity,...Ch. 3 - In Problems 1–4, find the indicated quantity,...Ch. 3 - In Problems 5 and 6, find the indicated quantity,...Ch. 3 - In Problems 5 and 6, find the indicated quantity,...Ch. 3 - In Problems 7 and 8, find the indicated quantity,...Ch. 3 - In Problems 7 and 8, find the indicated quantity,...Ch. 3 - In Problems 9 and 10, find the indicated quantity,...Ch. 3 - In Problems 9 and 10, find the indicated quantity,...Ch. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - Prob. 14RECh. 3 - Prob. 15RECh. 3 - Prob. 16RECh. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Prob. 19RECh. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - Prob. 25RECh. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - You want to purchase an automobile for $21,600....Ch. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Prob. 35RECh. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Prob. 38RECh. 3 - Prob. 39RECh. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Prob. 43RECh. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - Prob. 46RECh. 3 - Prob. 47RECh. 3 - Prob. 48RECh. 3 - Prob. 49RECh. 3 - Prob. 50RECh. 3 - Prob. 51RECh. 3 - Prob. 52RECh. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - Prob. 55RECh. 3 - Prob. 56RECh. 3 - Prob. 57RECh. 3 - Prob. 58RECh. 3 - Prob. 59RECh. 3 - Prob. 60RECh. 3 - Prob. 61RECh. 3 - Prob. 62RECh. 3 - Prob. 63RECh. 3 - Prob. 64RECh. 3 - Prob. 65RE
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