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 8E
In Exercises 1–10, compute the simple interest for the specified length of time and the future value at the end of that time. Round all answers to the nearest cent. [hinT: See Quick Examples 1–5.]
You borrow $6,000 for 5 months at 9% per year.
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Chapter 7, Section 7.3, Question 022
You deposit $10,000 into a bank account. Use 4% as the annual interest rate to find the number of years before the account holds the following amounts.
(a) $15,000
Round your answer to one decimal place.
Your account will have $15,000 in
years.
(b) $20,000
Round your answer to one decimal place.
Your account will have $20,000
years.
Section 3.3 (55)
Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You can afford to put$1,200 per quarter into the fund, and you will work for 40 years before retiring. After you retire, you will be paid a quarterly pension based on a 25-year payout. How much will you receive each quarter?
You have a choice of four increasing annuities as shown in the table below. Which annuity will reach a
future value of $100,000 the earliest?
Payment
Annual Rate
Interest Periods
Per Year
Annuity A
$200
6%
1
(Use the interactive figure to find your answer.)
Click here to launch the interactive figure
Choose the correct answer below.
OA. Annuity D
OB. Annuity C
OC. Annuity A
OD. Annuity B
Annuity B
$800
10%
4
CHECOR
Annuity C
$1200
9%
12
Annuity D
$73
3%
52
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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