Critical Thinking You have just contracted to buy a house and will seek financing in the amount of $ 100 , 000 . You go to several banks. Bank 1 will lend you $ 100 , 000 at the rate of 4.125 % amortized over 30 years with a loan origination fee of 0.45 % . Bank 2 will lend you $ 100 , 000 at the rate of 3.375 % amortized over 15 years with a loan origination fee of 0.95 % . Bank 3 will lend you $ 100 , 000 at the rate of 4.25 % amortized over 30 years with no loan origination fee. Bank 4 will lend you $ 100 , 000 at the rate of 3.625 % amortized over 15 years with no loan origination fee. Which loan would you take? Why? Be sure to have sound reasons for your choice. Use the information in the table to assist you. If the amount of the monthly payment does not matter to you, which loan would you take? Again, have sound reasons for your choice. Compare your final decision with others in the class. Discuss.
Critical Thinking You have just contracted to buy a house and will seek financing in the amount of $ 100 , 000 . You go to several banks. Bank 1 will lend you $ 100 , 000 at the rate of 4.125 % amortized over 30 years with a loan origination fee of 0.45 % . Bank 2 will lend you $ 100 , 000 at the rate of 3.375 % amortized over 15 years with a loan origination fee of 0.95 % . Bank 3 will lend you $ 100 , 000 at the rate of 4.25 % amortized over 30 years with no loan origination fee. Bank 4 will lend you $ 100 , 000 at the rate of 3.625 % amortized over 15 years with no loan origination fee. Which loan would you take? Why? Be sure to have sound reasons for your choice. Use the information in the table to assist you. If the amount of the monthly payment does not matter to you, which loan would you take? Again, have sound reasons for your choice. Compare your final decision with others in the class. Discuss.
Solution Summary: The author explains that they have just contracted to buy a house and will seek financing in the amount of 100,000. Bank 1 will lend you 100, 000 at the rate of 4.12 5% amortized over 30 years with
Critical Thinking
You have just contracted to buy a house and will seek financing in the amount of
. You go to several banks. Bank 1 will lend you
at the rate of
amortized over 30 years with a loan origination fee of
. Bank 2 will lend you
at the rate of
amortized over 15 years with a loan origination fee of
. Bank 3 will lend you
at the rate of
amortized over 30 years with no loan origination fee. Bank 4 will lend you
at the rate of
amortized over 15 years with no loan origination fee. Which loan would you take? Why? Be sure to have sound reasons for your choice. Use the information in the table to assist you. If the amount of the monthly payment does not matter to you, which loan would you take? Again, have sound reasons for your choice. Compare your final decision with others in the class. Discuss.
Rylee's car is stuck in the mud. Roman and Shanice come along in a truck to help pull her out. They attach
one end of a tow strap to the front of the car and the other end to the truck's trailer hitch, and the truck
starts to pull. Meanwhile, Roman and Shanice get behind the car and push. The truck generates a
horizontal force of 377 lb on the car. Roman and Shanice are pushing at a slight upward angle and generate
a force of 119 lb on the car. These forces can be represented by vectors, as shown in the figure below. The
angle between these vectors is 20.2°. Find the resultant force (the vector sum), then give its magnitude
and its direction angle from the positive x-axis.
119 lb
20.2°
377 lb
An airplane flies due west at an airspeed of 428 mph. The wind blows in the direction of 41° south of west
at 50 mph. What is the ground speed of the airplane? What is the bearing of the airplane?
A vector with magnitude 5 points in a direction 190 degrees counterclockwise from the positive x axis.
Write the vector in component form, and show your answers accurate to 3 decimal places.
Chapter 4 Solutions
Precalculus: Concepts Through Functions, A Unit Circle Approach to Trigonometry (4th Edition)
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