Mathematics with Applications and Mylab Math with Pearson EText -- Title-Specific Access Card Package

12th Edition

ISBN: 9780134862668

Author: Lial, Margaret L.

Publisher: Pearson Education Canada

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Textbook Question

Chapter 4.1, Problem 53E

Subprime Mortgages Theamount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function

g ( x ) = 243.5 e − .25 x ,

where x = 1 corresponds to the year 2001. (Data from: The Wall Street Journal.)

Find the value of subprime mortgage lending in 2016 for the described customer base.

If the trend continues, what is the first full year in which subprime lending falls below $3 billion?

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Chapter 4.1, Problem 52E

Chapter 4.1, Problem 54E

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Chapter 4 Solutions

Mathematics with Applications and Mylab Math with Pearson EText -- Title-Specific Access Card Package

Ch. 4.1 - Checkpoint 1 (a) Fill in this table: x g(x) =...Ch. 4.1 - Prob. 2CP Ch. 4.1 - Checkpoint 3 Use a graphing calculator to graph ...Ch. 4.1 - Prob. 4CP Ch. 4.1 - Checkpoint 5 Graph Ch. 4.1 - Prob. 6CP Ch. 4.1 - Checkpoint 7 Per-person wine consumption (in...Ch. 4.1 - Classify each function as linear, quadratic, or...Ch. 4.1 - Prob. 2E Ch. 4.1 - Prob. 3E

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Solution Summary: The author calculates the value (in billions of dollars) of subprime mortgage lending in 2016 for the described customer base.

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