
Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Question
Chapter 4.4, Problem 26E
To determine
The amount of money to be invested in government securities, municipal bonds, and mutual funds to maximize the interest income.
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The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options. (Assume there are no additional finance charges. Round your answers to the nearest cent.)
Option A: A fixed-rate mortgage at an interest rate of 4.5%/year compounded monthly, payable over a 30-year period in 360 equal monthly installments.Option B: A fixed-rate mortgage at an interest rate of 4.25%/year compounded monthly, payable over a 12-year period in 144 equal monthly installments.
(a) Find the monthly payment required to amortize each of these loans over the life of the loan.
option A $
option B $
(b) How much interest would the Martinezes save if they chose the 12-year mortgage instead of the 30-year mortgage?
Given: Circle J
2
What is the value of y?
A. 38
C.
68
B. 50
D. 92
Chapter 4 Solutions
Finite Mathematics (11th Edition)
Ch. 4.1 - Convert each inequality into an equation by adding...Ch. 4.1 - Prob. 2ECh. 4.1 - Convert each inequality into an equation by adding...Ch. 4.1 - Prob. 4ECh. 4.1 - For Exercises 5-8. (a) determine the number of...Ch. 4.1 - Prob. 6ECh. 4.1 - For Exercises 5-8, (a) determine the number of...Ch. 4.1 - For Exercises 5-8, (a) determine the number of...Ch. 4.1 -
Introduce slack variables as necessary, then...Ch. 4.1 - Introduce slack variables as necessary, then write...
Ch. 4.1 - Introduce slack variables as necessary, then write...Ch. 4.1 - Introduce slack variables as necessary, then write...Ch. 4.1 - Prob. 13ECh. 4.1 - Introduce slack variables as necessary, then write...Ch. 4.1 -
Write the solutions that can be read from each...Ch. 4.1 - Write the solutions that can be read from each...Ch. 4.1 - Prob. 17ECh. 4.1 - Prob. 18ECh. 4.1 - Pivot once as indicated in each simplex tableau....Ch. 4.1 - Pivot once as indicated in each simplex tableau....Ch. 4.1 - Prob. 21ECh. 4.1 - Prob. 22ECh. 4.1 - Prob. 23ECh. 4.1 - Prob. 24ECh. 4.1 - Explain the purpose of a slack variable.Ch. 4.1 - Prob. 26ECh. 4.1 - Prob. 27ECh. 4.1 - Set up Exercises 2731 for solution by the simplex...Ch. 4.1 - Set up Exercises 2731 for solution by the simplex...Ch. 4.1 - Set up Exercises 2731 for solution by the simplex...Ch. 4.1 - Set up Exercises 27for solution by the simplex...Ch. 4.2 -
In Exercises 1-6, the initial tableau of a linear...Ch. 4.2 -
In Exercises 1-6, the initial tableau of a linear...Ch. 4.2 - In Exercises 1-6, the initial tableau of a linear...Ch. 4.2 - In Exercises 1-6, the initial tableau of a linear...Ch. 4.2 -
In Exercises 1-6, the initial tableau of a linear...Ch. 4.2 - In Exercises 1- the initial tableau of a linear...Ch. 4.2 -
Use the simplex method to solve each linear...Ch. 4.2 - Prob. 8ECh. 4.2 - Prob. 9ECh. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Prob. 11ECh. 4.2 - Prob. 12ECh. 4.2 -
Use the simplex method to solve each linear...Ch. 4.2 - Prob. 14ECh. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Prob. 16ECh. 4.2 - Prob. 17ECh. 4.2 - Prob. 18ECh. 4.2 - The simplex algorithm still works if an indicator...Ch. 4.2 -
20. What goes wrong if a quotient other than...Ch. 4.2 - Prob. 21ECh. 4.2 - Prob. 22ECh. 4.2 - Prob. 23ECh. 4.2 -
Set up and solve Exercises 23–29 by the...Ch. 4.2 -
Set up and solve Exercises 23–29 by the simplex...Ch. 4.2 - Set up and solve Exercises 23–29 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Prob. 29ECh. 4.2 - Profit A manufacturer makes two products, toy...Ch. 4.2 - Exercises and 32 come from past CPA examinations....Ch. 4.2 - Prob. 32ECh. 4.2 - Prob. 33ECh. 4.2 - Prob. 34ECh. 4.2 - Prob. 35ECh. 4.2 - Prob. 36ECh. 4.2 -
37. Resource Management The average weights of...Ch. 4.2 - Prob. 38ECh. 4.2 - Prob. 39ECh. 4.2 - Prob. 40ECh. 4.3 -
Find the transpose of each matrix.
1.
Ch. 4.3 - Prob. 2ECh. 4.3 - Prob. 3ECh. 4.3 - Find the transpose of each matrix. [...Ch. 4.3 -
State the dual problem for each linear...Ch. 4.3 - Prob. 6ECh. 4.3 -
State the dual problem for each linear...Ch. 4.3 - Prob. 8ECh. 4.3 - Prob. 9ECh. 4.3 -
Use the simples method to solve.
10. Find y1 ≥...Ch. 4.3 -
Use the simplex method to solve.
11. Find y1 ≥...Ch. 4.3 -
Use the simplex method to solve.
12. Minimize w...Ch. 4.3 - Prob. 13ECh. 4.3 -
Use the simplex method to solve.
14. Minimize w =...Ch. 4.3 - Prob. 15ECh. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - Prob. 18ECh. 4.3 -
19. Production Costs A brewery produces regular...Ch. 4.3 - Supply Costs The chemistry department at a local...Ch. 4.3 - Prob. 21ECh. 4.3 - Prob. 22ECh. 4.3 - Prob. 23ECh. 4.3 -
24. Animal Food An animal food must provide at...Ch. 4.3 - Feed Costs Refer to Example 5 in this section on...Ch. 4.3 - Prob. 26ECh. 4.3 - Calorie Expenditure Maureen Rachford wants to...Ch. 4.3 -
28. Health Care Greg Conover takes vitamin...Ch. 4.3 - 29. Blending Nutrients A biologist must make a...Ch. 4.4 - Prob. 1ECh. 4.4 - Prob. 2ECh. 4.4 - Prob. 3ECh. 4.4 - Prob. 4ECh. 4.4 -
Convert each problem into a maximization...Ch. 4.4 - Prob. 6ECh. 4.4 - Prob. 7ECh. 4.4 - Prob. 8ECh. 4.4 - Prob. 9ECh. 4.4 - Prob. 10ECh. 4.4 - Use the simplex method to solve. Find x1 0, x2 0...Ch. 4.4 - Prob. 12ECh. 4.4 - Prob. 13ECh. 4.4 - Prob. 14ECh. 4.4 - Prob. 15ECh. 4.4 - Prob. 16ECh. 4.4 - Prob. 17ECh. 4.4 - Prob. 18ECh. 4.4 - Solve using artificial variables. Maximize w =...Ch. 4.4 - Prob. 20ECh. 4.4 - Prob. 21ECh. 4.4 - Prob. 22ECh. 4.4 - Prob. 23ECh. 4.4 - Prob. 24ECh. 4.4 - Prob. 25ECh. 4.4 - Prob. 26ECh. 4.4 - Prob. 27ECh. 4.4 - Blending Seed Topgrade Turf lawn seed mixture...Ch. 4.4 - Prob. 29ECh. 4.4 - Prob. 30ECh. 4.4 - 31. Blending Chemicals Natural Brand plant food is...Ch. 4.4 - Prob. 32ECh. 4.4 -
33. Calorie Expenditure Joe Vetere’s exercise...Ch. 4 - Suppose you plan to build a raised flower bed...Ch. 4 - For the list of standard paper roll widths given...Ch. 4 - Prob. 3EACh. 4 - For the computer solution of the cutting problem,...Ch. 4 - Prob. 5EACh. 4 - Prob. 6EACh. 4 - Suppose that of the original 33 cutting patterns,...Ch. 4 - Prob. 8EACh. 4 - Compare your two answers from Exercise 8 with each...Ch. 4 - Prob. 10EACh. 4 -
Determine whether each of the following...Ch. 4 - Prob. 2RECh. 4 -
Determine whether each of the following...Ch. 4 - Prob. 4RECh. 4 -
Determine whether each of the following...Ch. 4 - Prob. 6RECh. 4 - Prob. 7RECh. 4 - Prob. 8RECh. 4 - Prob. 9RECh. 4 - Determine whether each of the following statements...Ch. 4 - Determine whether each of the following statements...Ch. 4 - Prob. 12RECh. 4 - Prob. 13RECh. 4 - Prob. 14RECh. 4 - Prob. 15RECh. 4 -
Determine whether each of the following...Ch. 4 -
For each problem. (a) add slack variables or...Ch. 4 - For each problem, (a) add slack variables or...Ch. 4 -
For each problem, (a) add slack variables or...Ch. 4 - For each problem, (a) add slack variables or...Ch. 4 -
Use the simplex method to solve each maximization...Ch. 4 - Use the simplex method to solve each maximization...Ch. 4 -
Use the simplex method to solve each maximization...Ch. 4 - Use the simplex method to solve each maximization...Ch. 4 - Convert each problem into a maximization problem...Ch. 4 - Convert each problem into a maximization problem...Ch. 4 - Prob. 27RECh. 4 - Prob. 28RECh. 4 - Prob. 29RECh. 4 - Prob. 30RECh. 4 - Prob. 31RECh. 4 - Prob. 32RECh. 4 - Prob. 33RECh. 4 - Prob. 34RECh. 4 - Prob. 35RECh. 4 -
36. In Chapter 2 we wrote a system of It near...Ch. 4 - Prob. 37RECh. 4 - Prob. 38RECh. 4 - Prob. 39RECh. 4 - Prob. 40RECh. 4 - Prob. 41RECh. 4 - Prob. 42RECh. 4 - Prob. 43RECh. 4 - Prob. 44RECh. 4 - Prob. 45RECh. 4 - Prob. 46RECh. 4 - Prob. 47RE
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