Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th
7th Edition
ISBN: 9781337275972
Author: Waner, Stefan; Costenoble, Steven
Publisher: Cengage Learning
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Textbook Question
Chapter 3.1, Problem 20E
In Exercises 17–36, compute the specified quantity. Round all answers to the nearest month, the nearest cent, or the nearest 0.001%, as appropriate.
Simple Loans Your total payment on a 4-year loan, which charged 9.5% annual simple interest, amounted to $30,360. How much did you originally borrow? [hinT: See Example 4.]
Expert Solution & Answer
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Students have asked these similar questions
A person borrows $3,000 on a bank credit card at a nominalrate of 18% per year, which is actually charged at a rate of1.5% per month.
a. What is the annual percentage rate (APR) for the card?(See Example 5.6.8 for a definition of APR.)
b. Assume that the person does not place any additionalcharges on the card and pays the bank $150 eachmonth to pay off the loan. Let Bn be the balance owedon the card after n months. Find an explicit formulafor Bn .
c. How long will be required to pay off the debt?
d. What is the total amount of money the person will havepaid for the loan?
If you could please answer b and d for me I put the other 2 questions there in cases they where somehow a part of b and d
Question 3
St. Francis Xavier College wants to provide an annual scholarship worth $4000. The
College considers investing $100,000 in a bank account at an interest rate of 3.85%
per annum and giving the interest earnt as the annual scholarship?
a. How much interest will the investment earn per year?
b. How much money will need to be invested so the annual scholarship of $4000 is
possible?
Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple interest at the rate of 3% year.
O a. The accumulated amount is $406.
Ob. The accumulated amount is $413.
OC The accumulated amount is $418.
Od. The accumulated amount is $411.
O e. The accumulated amount is $416.
QUESTION 4
Carlos invested $7,000 in a money market mutual fund that pays interest on a daily basis. The balance in his account at the end of 8 mo (245 days) was $7,432. Find t
which Carlos's account earned interest over this period (assume a 365-day year).
O a. 6.18%.
О .6.38%.
Oc. 9.34%.
O d.9.24%.
QUESTION 5
In the last 3 years, mutual fund A grew at the rate of9.5% year compounded quarterly. Over the same period, mutual fund B grew at the rate of 9.6%/year compounded s
Which mutual fund has a better rate of return?
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Chapter 3 Solutions
Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th
Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...
Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Prob. 34ECh. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Prob. 36ECh. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Prob. 39ECh. 3.1 - Prob. 40ECh. 3.1 - Prob. 41ECh. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Prob. 43ECh. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - Prob. 46ECh. 3.1 - Population Exercises 4348 are based on the...Ch. 3.1 - Prob. 48ECh. 3.1 - Treasury Bills In December 2008 (in the midst of...Ch. 3.1 - Prob. 50ECh. 3.1 - Prob. 51ECh. 3.1 - Treasury Bills At auction on August 18, 2005,...Ch. 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. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - Prob. 10ECh. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - Prob. 12ECh. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - Savings You deposit $1,000 in an account at the...Ch. 3.2 - Investments You invest $10,000 in Rapid Growth...Ch. 3.2 - Depreciation: 2008 Financial Crisis During 2008...Ch. 3.2 - Depreciation: 2008 Financial Crisis During 2008...Ch. 3.2 - Bonds You want to buy a 10-year bond with a...Ch. 3.2 - Bonds You want to buy a 15-year bond with a...Ch. 3.2 - Investments When I was considering what to do with...Ch. 3.2 - Investments When I was considering what to do with...Ch. 3.2 - Depreciation During a prolonged recession,...Ch. 3.2 - Prob. 32ECh. 3.2 - Present Value Determine the amount of money, to...Ch. 3.2 - Prob. 34ECh. 3.2 - Stocks Six years ago, I invested some money in...Ch. 3.2 - Sales My recent marketing idea, the Miracle Algae...Ch. 3.2 - Exercises 3742 are based on the following table,...Ch. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Retirement Planning I want to be earning an annual...Ch. 3.2 - Retirement Planning I want to be earning an annual...Ch. 3.2 - Prob. 45ECh. 3.2 - Inflation...Ch. 3.2 - Inflation Housing prices have been rising 6% per...Ch. 3.2 - Prob. 48ECh. 3.2 - Constant Dollars Inflation is running 3% per year...Ch. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Inflation Exercises 5562 are based on the...Ch. 3.2 - Inflation Exercises 5562 are based on the...Ch. 3.2 - Prob. 57ECh. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - Prob. 63ECh. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.2 - Prob. 69ECh. 3.2 - Investments Determine when, to the nearest year,...Ch. 3.2 - Prob. 71ECh. 3.2 - Prob. 72ECh. 3.2 - Prob. 73ECh. 3.2 - Bonds Suppose that, in January 2040, you buy a...Ch. 3.2 - Prob. 75ECh. 3.2 - Prob. 76ECh. 3.2 - Prob. 77ECh. 3.2 - Prob. 78ECh. 3.2 - Prob. 79ECh. 3.2 - Prob. 80ECh. 3.2 - Prob. 81ECh. 3.2 - Prob. 82ECh. 3.2 - Prob. 83ECh. 3.2 - Prob. 84ECh. 3.2 - Prob. 85ECh. 3.2 - Prob. 86ECh. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - Prob. 4ECh. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - Prob. 8ECh. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - Prob. 10ECh. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - Prob. 16ECh. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 28ECh. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 30ECh. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 32ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 34ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 36ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 38ECh. 3.3 - In Exercises 3944, determine the selling price,...Ch. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Prob. 46ECh. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Pensions Your pension plan is an annuity with a...Ch. 3.3 - Pensions Jennifers pension plan is an annuity with...Ch. 3.3 - Prob. 57ECh. 3.3 - Pensions Megs pension plan is an annuity with a...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Prob. 62ECh. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Prob. 65ECh. 3.3 - Prob. 66ECh. 3.3 - Prob. 67ECh. 3.3 - Prob. 68ECh. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Prob. 70ECh. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Prob. 75ECh. 3.3 - Prob. 76ECh. 3.3 - Car Loans While shopping for a car loan, you get...Ch. 3.3 - Business Loans You need to take out a loan of...Ch. 3.3 - Prob. 79ECh. 3.3 - Prob. 80ECh. 3.3 - Prob. 81ECh. 3.3 - Note: In Exercises 81 and 82 we suggest the use of...Ch. 3.3 - Prob. 83ECh. 3.3 - Prob. 84ECh. 3.3 - Prob. 85ECh. 3.3 - Prob. 86ECh. 3.3 - In Exercises 8390, use a time value of money...Ch. 3.3 - Prob. 88ECh. 3.3 - Prob. 89ECh. 3.3 - In Exercises 8390, use a time value of money...Ch. 3.3 - Prob. 91ECh. 3.3 - Prob. 92ECh. 3.3 - Prob. 93ECh. 3.3 - Prob. 94ECh. 3.3 - Prob. 95ECh. 3.3 - Prob. 96ECh. 3.3 - Prob. 97ECh. 3.3 - Prob. 98ECh. 3.3 - Prob. 99ECh. 3.3 - Prob. 100ECh. 3 - In Exercises 16, find the future value of the...Ch. 3 - Prob. 2RECh. 3 - Prob. 3RECh. 3 - Prob. 4RECh. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - Prob. 7RECh. 3 - Prob. 8RECh. 3 - Prob. 9RECh. 3 - Prob. 10RECh. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - In Exercises 1318, find the amounts indicated. The...Ch. 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 - How much would you pay for a $10,000, 5-year, 6%...Ch. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Stock Investments Exercises 2934 are based on the...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 - Retirement Planning OHaganBooks.com has just...Ch. 3 - Prob. 51RECh. 3 - Prob. 52RECh. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - Prob. 55RECh. 3 - Prob. 56RE
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