Pearson eText for College Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)
14th Edition
ISBN: 9780137553341
Author: Raymond Barnett, Michael Ziegler
Publisher: PEARSON+
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Chapter 3.3, Problem 49E
To determine
The annual nominal compounding rate of an annuity.
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An automobile battery manufacturer offers a 39/50 warranty on its batteries. The first number in the warranty code is the free-replacement period; the second number is the prorated-credit period. Under this warranty, if a battery fails within 39 months of purchase, the manufacturer replaces the battery at no charge to the consumer. If the battery fails after 39 months but within 50 months, the manufacturer provides a prorated credit toward the purchase of a new battery.
The manufacturer assumes that X, the lifetime of its auto batteries, is normally distributed with a mean of 44 months and a standard deviation of 3.6 months.
Use the following Distributions tool to help you answer the questions that follow. (Hint: When you adjust the parameters of a distribution, you must reposition the vertical line (or lines) for the correct areas to be displayed.)
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Chapter 3 Solutions
Pearson eText for College Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)
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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