A woman borrows $6,000 at 9 % compounded monthly, which is to be amortized over 3 years in equal monthly payments. For tax purposes, she needs to know the amount of interest paid during each year of the loan. Find the interest paid during the first year, the second year, and the third year of the loan. [Hint: Find the unpaid balance after 12 payments and after 24 payments.]
A woman borrows $6,000 at 9 % compounded monthly, which is to be amortized over 3 years in equal monthly payments. For tax purposes, she needs to know the amount of interest paid during each year of the loan. Find the interest paid during the first year, the second year, and the third year of the loan. [Hint: Find the unpaid balance after 12 payments and after 24 payments.]
Solution Summary: The author calculates the amount of interest paid during the first year, the second year and the third year of the loan of 6000.
A woman borrows
$6,000
at
9
%
compounded monthly, which is to be amortized over
3
years in equal monthly payments. For tax purposes, she needs to know the amount of interest paid during each year of the loan. Find the interest paid during the first year, the second year, and the third year of the loan. [Hint: Find the unpaid balance after
12
payments and after
24
payments.]
these are solutions to a tutorial that was done and im a little lost. can someone please explain to me how these iterations function, for example i Do not know how each set of matrices produces a number if someine could explain how its done and provide steps it would be greatly appreciated thanks.
Q1) Classify the following statements as a true or false statements
a. Any ring with identity is a finitely generated right R module.-
b. An ideal 22 is small ideal in Z
c. A nontrivial direct summand of a module cannot be large or small submodule
d. The sum of a finite family of small submodules of a module M is small in M
A module M 0 is called directly indecomposable if and only if 0 and M are
the only direct summands of M
f. A monomorphism a: M-N is said to split if and only if Ker(a) is a direct-
summand in M
& Z₂ contains no minimal submodules
h. Qz is a finitely generated module
i. Every divisible Z-module is injective
j. Every free module is a projective module
Q4) Give an example and explain your claim in each case
a) A module M which has two composition senes 7
b) A free subset of a modale
c) A free module
24
d) A module contains a direct summand submodule 7,
e) A short exact sequence of modules 74.
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Q.1) Classify the following statements as a true or false statements:
a. If M is a module, then every proper submodule of M is contained in a maximal
submodule of M.
b. The sum of a finite family of small submodules of a module M is small in M.
c. Zz is directly indecomposable.
d. An epimorphism a: M→ N is called solit iff Ker(a) is a direct summand in M.
e. The Z-module has two composition series.
Z
6Z
f. Zz does not have a composition series.
g. Any finitely generated module is a free module.
h. If O→A MW→ 0 is short exact sequence then f is epimorphism.
i. If f is a homomorphism then f-1 is also a homomorphism.
Maximal C≤A if and only if is simple.
Sup
Q.4) Give an example and explain your claim in each case:
Monomorphism not split.
b) A finite free module.
c) Semisimple module.
d) A small submodule A of a module N and a homomorphism op: MN, but
(A) is not small in M.
Chapter 3 Solutions
Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences (13th Edition)
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