In Problems 79-82, assume that the annual interest rate on a credit card is 25.74 % and interest is calculated by the average daily balance method. The unpaid balance at the start of a 28 -day billing cycle was $ 1 , 837.23 . Purchases of $ 126.54 and $ 52.89 were made on days 21 and 27 , respectively, and a payment of $ 100 was credited to the account on day 20 . Find the unpaid balance at the end of the billing cycle.
In Problems 79-82, assume that the annual interest rate on a credit card is 25.74 % and interest is calculated by the average daily balance method. The unpaid balance at the start of a 28 -day billing cycle was $ 1 , 837.23 . Purchases of $ 126.54 and $ 52.89 were made on days 21 and 27 , respectively, and a payment of $ 100 was credited to the account on day 20 . Find the unpaid balance at the end of the billing cycle.
Solution Summary: The author calculates the unpaid balance at the end of the billing cycle by the average daily balance method.
In Problems 79-82, assume that the annual interest rate on a credit card is
25.74
%
and interest is calculated by the average daily balance method.
The unpaid balance at the start of a
28
-day billing cycle was
$
1
,
837.23
. Purchases of
$
126.54
and
$
52.89
were made on days
21
and
27
, respectively, and a payment of
$
100
was credited to the account on day
20
. Find the unpaid balance at the end of the billing cycle.
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Assume that a company is considering purchasing a machine for $50,000 that will have a five-year useful life and a $5,000 salvage value. The
machine will lower operating costs by $17,000 per year. The company's required rate of return is 15%. The net present value of this investment
is closest to:
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
00:33:45
Multiple Choice
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$6,984.
$11,859.
$22,919.
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7. [10 marks]
Let G
=
(V,E) be a 3-connected graph. We prove that for every x, y, z Є V, there is a
cycle in G on which x, y, and z all lie.
(a) First prove that there are two internally disjoint xy-paths Po and P₁.
(b) If z is on either Po or P₁, then combining Po and P₁ produces a cycle on which
x, y, and z all lie. So assume that z is not on Po and not on P₁. Now prove that
there are three paths Qo, Q1, and Q2 such that:
⚫each Qi starts at z;
• each Qi ends at a vertex w; that is on Po or on P₁, where wo, w₁, and w₂ are
distinct;
the paths Qo, Q1, Q2 are disjoint from each other (except at the start vertex
2) and are disjoint from the paths Po and P₁ (except at the end vertices wo,
W1, and w₂).
(c) Use paths Po, P₁, Qo, Q1, and Q2 to prove that there is a cycle on which x, y, and
z all lie. (To do this, notice that two of the w; must be on the same Pj.)
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