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Concept explainers
Comparing loan options. The Aubrys plan to finance a new home through an amortized loan of $275,000. The lender offers two options: (1) a 30-yr term at an annual interest rate of 4%, compounded monthly, and (2) a 20-yr term at an annual interest rate of 5%, compounded monthly.
a. Find the monthly payments for options 1 and 2.
b. Assume that the Aubrys make every monthly payment. Find their total payments for option 1 and 2.
c. Assume that the Aubrys intend to make every monthly payment. Which option will result in less interest paid, and by how much?
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Chapter 3 Solutions
EBK CALCULUS+ITS APPLICATIONS
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- 3. Solve the equation, give the answer exactly (no calculator approximations), and show all your work. (4 points) log5 2x = 3arrow_forwardLet I = f(x) dx, where f is the function whose graph is shown. 4 2 y f X 1 2 3 4 (a) Use the graph to find L2, R2 and M2. R₂ M2 = = = (b) Are these underestimates or overestimates of I? O 42 is an underestimate. O 42 is an overestimate. ◇ R2 is an underestimate. OR2 is an overestimate. OM2 is an underestimate. ○ M2 is an overestimate. (c) Use the graph to find T2. T₂ =arrow_forwardVector u has a magnitude of 23 and vector v has a magnitude of 83. The angle between the two vectors is 126 degrees.a) Draw a fully-labelled vector diagram showing the two vectors and the resultant vector when they are added together.b) Find the magnitude of the resultant vector.c) Find the direction of the resultant vector relative to vector u. Solding by finding the x and y of the vectors and addingarrow_forward
- 3) If a is a positive number, what is the value of the following double integral? 2a Love Lv 2ay-y² .x2 + y2 dadyarrow_forward16. Solve each of the following equations for x. (a) 42x+1 = 64 (b) 27-3815 (c) 92. 27² = 3-1 (d) log x + log(x - 21) = 2 (e) 3 = 14 (f) 2x+1 = 51-2xarrow_forward11. Find the composition fog and gof for the following functions. 2 (a) f(x) = 2x+5, g(x) = x² 2 (b) f(x) = x²+x, g(x) = √√x 1 (c) f(x) = -1/2) 9 9(x) = х = - Xarrow_forward
- practice problem please help!arrow_forward13. A restaurant will serve a banquet at a cost of $20 per person for the first 50 people and $15 for person for each additional person. (a) Find a function C giving the cost of the banquet depending on the number of people p attending. (b) How many people can attend the banquet for $2000?arrow_forwardAlt Fn Ctrl 12. Find functions f and g such that h(x) = (fog)(x). (a) h(x) = (x² + 2)² x+1 (b) h(x) = 5 3arrow_forward
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
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