
Finite Mathematics, Books a la Carte Plus MyLab Math Access Card Package (11th Edition)
11th Edition
ISBN: 9780133886818
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 5, Problem 17RE
To determine
The compound amount for a loan of $19,456.11 at 8% compounded semiannually for 7 years.
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Force with 800 N and 400 N are acting on a machine part at 30° and 60°, respectively with the positive x axis
2. The duration of the ride is 15 min.
(a) How many times does the last passenger who boarded the ride make a complete loop on the Ferris
wheel?
(b) What is the position of that passenger when the ride ends?
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $13,000, r = 6%, t = 10, compounded quarterly
A = $ 31902
Need Help?
Read It
Watch It
Viewing Saved Work Revert to Last Response
SUBMIT ANSWER
O/6.66 Points]
DETAILS
MY NOTES
TANAPCALC10 5.3.003.
EVIOUS ANSWERS
ASK YOUR TEACHER
PRACTICE ANOTHER
Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.)
P = $140,000, r = 8%, t = 8, compounded monthly
A = $259130.20 X
Need Help?
Read It
Watch It
Chapter 5 Solutions
Finite Mathematics, Books a la Carte Plus MyLab Math Access Card Package (11th Edition)
Ch. 5.1 -
1. What factors determine the amount of interest...Ch. 5.1 - In your own words, describe the maturity value of...Ch. 5.1 -
3. What is meant by the present value of...Ch. 5.1 - We calculated the loan in Example 2(b) assuming...Ch. 5.1 - Find the simple interest. $25,000 at 3% for 9...Ch. 5.1 -
Find the simple interest.
6. $4289 at 4.5% for...Ch. 5.1 -
Find the simple interest.
7. $1974 at 6.3% for...Ch. 5.1 -
Find the simple interest.
8. $6125 at 1.25% for...Ch. 5.1 - Find the simple interest. Assume a 360-day year....Ch. 5.1 -
Find the simple interest. Assume a 360-day...
Ch. 5.1 - Find the maturity value and the amount of simple...Ch. 5.1 - Find the maturity value and the amount of simple...Ch. 5.1 - Find the maturity value and the amount of simple...Ch. 5.1 -
Find the maturity value and the amount of...Ch. 5.1 -
15. Explain the difference between simple...Ch. 5.1 - Prob. 16ECh. 5.1 -
17. What is the difference between t and n?
Ch. 5.1 - In Figure 2, one line is straight and the other is...Ch. 5.1 - Find the compound amount for each deposit and the...Ch. 5.1 -
Find the compound amount for each deposit and...Ch. 5.1 - Prob. 21ECh. 5.1 - Prob. 22ECh. 5.1 - Prob. 23ECh. 5.1 - Find the compound amount for each deposit and the...Ch. 5.1 - Find the interest rate for each deposit and...Ch. 5.1 - Prob. 26ECh. 5.1 -
Find the interest rate for each deposit and...Ch. 5.1 - Prob. 28ECh. 5.1 - Prob. 29ECh. 5.1 - Find the effective rate corresponding to each...Ch. 5.1 -
Find the effective rate corresponding to each...Ch. 5.1 - Prob. 32ECh. 5.1 - Prob. 33ECh. 5.1 - Prob. 34ECh. 5.1 - Find the present value (the amount that should be...Ch. 5.1 - Prob. 36ECh. 5.1 - Prob. 37ECh. 5.1 - Prob. 38ECh. 5.1 -
Find the present value (the amount that should...Ch. 5.1 - Prob. 40ECh. 5.1 - Prob. 41ECh. 5.1 - Prob. 42ECh. 5.1 - Prob. 43ECh. 5.1 - Prob. 44ECh. 5.1 -
Find the doubling time for each of the...Ch. 5.1 - Prob. 46ECh. 5.1 - Prob. 47ECh. 5.1 - Prob. 48ECh. 5.1 - Prob. 49ECh. 5.1 -
50. Delinquent Taxes An accountant for a...Ch. 5.1 - Savings A $1500 certificate of deposit held for 75...Ch. 5.1 - Prob. 52ECh. 5.1 - Cash Advance Fees According to an advertisement,...Ch. 5.1 - Prob. 54ECh. 5.1 - Investments Suppose $10,000 is invested at an...Ch. 5.1 -
56. Investments In Exercise 55, notice that as...Ch. 5.1 - Prob. 57ECh. 5.1 - Prob. 58ECh. 5.1 - Student Loan Upon graduation from college, Warren...Ch. 5.1 - Comparing Investments Two partners agree to invest...Ch. 5.1 - Prob. 61ECh. 5.1 - Prob. 62ECh. 5.1 - Negative Interest Under certain conditions, Swiss...Ch. 5.1 -
Negative Interest Under certain conditions,...Ch. 5.1 - Savings On January 1, 2010, Jack deposited $1000...Ch. 5.1 - Prob. 66ECh. 5.1 - Prob. 67ECh. 5.1 - Prob. 68ECh. 5.1 - Prob. 69ECh. 5.1 -
70. Effective Rate Determine the effective...Ch. 5.1 - Prob. 71ECh. 5.1 - Prob. 72ECh. 5.1 - Buying a House Cara Tilley wants to have $30,000...Ch. 5.1 - Prob. 74ECh. 5.1 -
Doubling Time Use the ideas from Example 11 to...Ch. 5.1 - Prob. 76ECh. 5.1 - Prob. 77ECh. 5.1 - Prob. 78ECh. 5.1 - Prob. 79ECh. 5.1 - Prob. 80ECh. 5.2 - Find the fifth term of each geometric sequence. a...Ch. 5.2 - Prob. 2ECh. 5.2 - Prob. 3ECh. 5.2 - Prob. 4ECh. 5.2 - Find the fifth term of each geometric sequence. a...Ch. 5.2 -
Find the fifth term of each geometric...Ch. 5.2 -
Find the fifth term of each geometric...Ch. 5.2 - Prob. 8ECh. 5.2 - Prob. 9ECh. 5.2 -
Find the sum of the first four terms for each...Ch. 5.2 - Prob. 11ECh. 5.2 - Prob. 12ECh. 5.2 - Prob. 13ECh. 5.2 - Prob. 14ECh. 5.2 - Find the sum of the first four terms for each...Ch. 5.2 - Prob. 16ECh. 5.2 - Prob. 17ECh. 5.2 - Prob. 18ECh. 5.2 - Prob. 19ECh. 5.2 - Find the future value of each ordinary annuity....Ch. 5.2 - Prob. 21ECh. 5.2 -
Find the future value of each ordinary annuity,...Ch. 5.2 -
Find the future value of each ordinary annuity,...Ch. 5.2 - Prob. 24ECh. 5.2 - Find the future value of each ordinary annuity, if...Ch. 5.2 - Prob. 26ECh. 5.2 -
Find the future value of each ordinary annuity,...Ch. 5.2 - Prob. 28ECh. 5.2 - Determine the interest rate needed to accumulate...Ch. 5.2 - Determine the interest rate needed to accumulate...Ch. 5.2 -
Find the periodic payment that will amount to...Ch. 5.2 - Prob. 32ECh. 5.2 - Prob. 33ECh. 5.2 -
Find the amount of each payment to be made into...Ch. 5.2 - Find the amount of each payment to be made into a...Ch. 5.2 - Prob. 36ECh. 5.2 - Prob. 37ECh. 5.2 - Prob. 38ECh. 5.2 -
Find the future value of each annuity due....Ch. 5.2 - Find the future value of each annuity due. Assume...Ch. 5.2 - Prob. 41ECh. 5.2 - Prob. 42ECh. 5.2 - Prob. 43ECh. 5.2 - Prob. 44ECh. 5.2 - Find the future value of each annuity due. Then...Ch. 5.2 - Prob. 46ECh. 5.2 - Prob. 47ECh. 5.2 - Prob. 48ECh. 5.2 - Prob. 49ECh. 5.2 -
50. Retirement Planning A 45-year-old man puts...Ch. 5.2 -
51. Retirement Planning At the end of each...Ch. 5.2 - Prob. 52ECh. 5.2 - Prob. 53ECh. 5.2 - Prob. 54ECh. 5.2 - Individual Retirement Accounts Suppose a...Ch. 5.2 - Prob. 56ECh. 5.2 - Prob. 57ECh. 5.2 - Prob. 58ECh. 5.2 - Prob. 59ECh. 5.2 - Savings A father opened a savings account for his...Ch. 5.2 - Prob. 61ECh. 5.2 - Savings Nic Daubenmire deposits $10,000 at the...Ch. 5.2 - Prob. 63ECh. 5.2 - Prob. 64ECh. 5.2 - Lottery In a 1992 Virginia lottery, the jackpot...Ch. 5.2 - Prob. 66ECh. 5.2 - Prob. 67ECh. 5.2 - Prob. 68ECh. 5.3 - Explain the difference between the present value...Ch. 5.3 -
2. What does it mean to amortize a loan?
Ch. 5.3 - Prob. 3ECh. 5.3 - Find the present value of each ordinary annuity....Ch. 5.3 -
Find the present value of each ordinary...Ch. 5.3 -
Find the present value of each ordinary...Ch. 5.3 - Find the present value of each ordinary annuity....Ch. 5.3 -
Find the present value of each ordinary...Ch. 5.3 - Find the lump sum deposited today that will yield...Ch. 5.3 - Find the lump sum deposited today that will yield...Ch. 5.3 - Find (a) the payment necessary to amortize each...Ch. 5.3 -
Find (a) the payment necessary to amortize each...Ch. 5.3 -
Find (a) the payment necessary to amortize each...Ch. 5.3 - Find (a) the payment necessary to amortize each...Ch. 5.3 -
Find (a) the payment necessary to amortize each...Ch. 5.3 -
Find (a) the payment necessary to amortize each...Ch. 5.3 -
Suppose that in the loans described in Exercises...Ch. 5.3 -
Suppose that in the loans described in Exercises...Ch. 5.3 - Suppose that in the loans described in Exercises...Ch. 5.3 -
Suppose that in the loans described in Exercises...Ch. 5.3 - Prob. 21ECh. 5.3 - Prob. 22ECh. 5.3 - Prob. 23ECh. 5.3 - Prob. 24ECh. 5.3 - What sum deposited today at 5% compounded annually...Ch. 5.3 - What lump sum deposited today at 8% compounded...Ch. 5.3 - Prob. 27ECh. 5.3 - Prob. 28ECh. 5.3 - Prob. 29ECh. 5.3 - Find the monthly house payments necessary to...Ch. 5.3 - Prob. 31ECh. 5.3 -
Suppose that in the loans described in Exercise...Ch. 5.3 -
Suppose that in the loans described in Exercise...Ch. 5.3 - Prob. 34ECh. 5.3 - House Payments Calculate the monthly payment and...Ch. 5.3 - Prob. 36ECh. 5.3 - Prob. 37ECh. 5.3 - Prob. 38ECh. 5.3 - Prob. 39ECh. 5.3 -
40. New Car Financing In 2014, some dealers...Ch. 5.3 - Prob. 41ECh. 5.3 - Prob. 42ECh. 5.3 - Prob. 43ECh. 5.3 - Prob. 44ECh. 5.3 - Installment Buying In Exercises 44-46, prepare an...Ch. 5.3 - Prob. 46ECh. 5.3 - Prob. 47ECh. 5.3 - Prob. 48ECh. 5.3 - House Payments Jason Hoffa buys a house for...Ch. 5.3 -
50. House Payments The Chavara family buys a...Ch. 5.3 - Prob. 51ECh. 5.3 - Prob. 52ECh. 5.3 - Prob. 53ECh. 5.3 - Prob. 54ECh. 5.3 - Prob. 55ECh. 5.3 - Prob. 56ECh. 5.3 - Prob. 57ECh. 5 - Lorri Morgan received $50 on her 16th birthday,...Ch. 5 - At the beginning of the year, Yvette Virgil...Ch. 5 - Prob. 3EACh. 5 - Prob. 4EACh. 5 - People often lose money on investments. Karen...Ch. 5 - Prob. 1RECh. 5 - Prob. 2RECh. 5 - Prob. 3RECh. 5 - Prob. 4RECh. 5 - Prob. 5RECh. 5 - Prob. 6RECh. 5 - Prob. 7RECh. 5 - Prob. 8RECh. 5 - Prob. 9RECh. 5 - Prob. 10RECh. 5 - Prob. 11RECh. 5 - Find the simple interest for each loan. $4902 at...Ch. 5 - Prob. 13RECh. 5 - Prob. 14RECh. 5 - Prob. 15RECh. 5 - Prob. 16RECh. 5 - Prob. 17RECh. 5 -
Find the compound amount in each loan.
18....Ch. 5 - Prob. 19RECh. 5 - Prob. 20RECh. 5 - Prob. 21RECh. 5 -
Find the amount of interest earned by each...Ch. 5 - Find the amount of interest earned by each...Ch. 5 - Prob. 24RECh. 5 - Prob. 25RECh. 5 - Find the present value of each amount. $17,650 in...Ch. 5 - Prob. 27RECh. 5 - Prob. 28RECh. 5 - Prob. 29RECh. 5 - Prob. 30RECh. 5 - Prob. 31RECh. 5 - Prob. 32RECh. 5 - Prob. 33RECh. 5 - Prob. 34RECh. 5 - Prob. 35RECh. 5 - Prob. 36RECh. 5 - Prob. 37RECh. 5 - Prob. 38RECh. 5 - Find the future value of each annuity and the...Ch. 5 -
Find the future value of each annuity and the...Ch. 5 - Prob. 41RECh. 5 - Prob. 42RECh. 5 - Prob. 43RECh. 5 - Prob. 44RECh. 5 - Prob. 45RECh. 5 -
Find the amount of each payment that must be...Ch. 5 - Prob. 47RECh. 5 - Prob. 48RECh. 5 - Prob. 49RECh. 5 -
Find the present value of each ordinary...Ch. 5 - Prob. 51RECh. 5 - Prob. 52RECh. 5 - Find the present value of each ordinary annuity....Ch. 5 - Prob. 54RECh. 5 - Find the amount of the payment necessary to...Ch. 5 - Prob. 56RECh. 5 - Prob. 57RECh. 5 - Prob. 58RECh. 5 - Prob. 59RECh. 5 - Prob. 60RECh. 5 - Prob. 61RECh. 5 - Prob. 62RECh. 5 - Prob. 63RECh. 5 - Personal Finance Carla Truss owes $5800 to her...Ch. 5 - Business Financing Candice Cotton needs to borrow...Ch. 5 - Prob. 66RECh. 5 - Business Investment A developer deposits $84,720...Ch. 5 - Prob. 68RECh. 5 - Prob. 69RECh. 5 - Prob. 70RECh. 5 - Prob. 71RECh. 5 - Prob. 72RECh. 5 - Business Financing The owner of Eastside Hallmark...Ch. 5 - Personal Finance To buy a new computer, David Berg...Ch. 5 - Prob. 75RECh. 5 - Prob. 76RECh. 5 - Prob. 77RECh. 5 -
78. New Car In Spring 2014, some dealers...Ch. 5 - Buying and Selling a House The Bahary family...Ch. 5 - Prob. 80RECh. 5 - Prob. 81RE
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Find the present value of $20,000 due in 3 years at the given rate of interest. (Round your answers to the nearest cent.) (a) 2%/year compounded monthly (b) 5%/year compounded daily $ Need Help? Read It Watch It SUBMIT ANSWER [-/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.009. ASK YOUR TEACHER PRACTICE ANC Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously. (Round your answer to the nearest cent.) Need Help? Read It Watch Itarrow_forwardFind the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 9.5%/year compounded monthly % (b) 9.5%/year compounded daily % Need Help? Read It Watch It SUBMIT ANSWER -/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.007. ASK YOUR TEACHE Find the present value of $90,000 due in 7 years at the given rate of interest. (Round your answers to the nearest cent.) (a) 9%/year compounded semiannually (b) 9%/year compounded quarterly LAarrow_forwardFind the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $160,000, r = 7%, t = 4, compounded daily A = $211113.60 Need Help? Read It SUBMIT ANSWER ASK YOUR TEACHER PRACTICE ANOTHER --/6.66 Points] DETAILS MY NOTES TANAPCALC10 5.3.005. Find the effective rate corresponding to the given nominal rate. (Round your answers to three decimal places.) (a) 8%/year compounded semiannually % (b) 9%/year compounded quarterly %arrow_forward
- 3. A scientist recorded the movement of a pendulum for 10 s. The scientist began recording when the pendulum was at its resting position. The pendulum then moved right (positive displacement) and left (negative displacement) several times. The pendulum took 4 s to swing to the right and the left and then return to its resting position. The pendulum's furthest distance to either side was 6 in. Graph the function that represents the pendulum's displacement as a function of time. Answer: f(t) (a) Write an equation to represent the displacement of the pendulum as a function of time. (b) Graph the function. 10 9 8 7 6 5 4 3 2 1 0 t 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 -1 -5. -6 -7 -8 -9 -10-arrow_forwardFind the derivative of the function. g'(t) = 9t g(t) = In(t) (9ln(t) - 1) [In(t)] 2 × Need Help? Read It Watch Itarrow_forwardA power outage occurs 6 min after the ride started. Passengers must wait for their cage to be manually cranked into the lowest position in order to exit the ride. Sine function model: h = −82.5 cos (3πt) + 97.5 where h is the height of the last passenger above the ground measured in feet and t is the time of operation of the ride in minutes. (a) What is the height of the last passenger at the moment of the power outage? Verify your answer by evaluating the sine function model. (b) Will the last passenger to board the ride need to wait in order to exit the ride? Explain.arrow_forward
- Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $3800, r = 4%, t = 10, compounded semiannually A = $ 5645.60 × Need Help? Read It SUBMIT ANSWER [3.33/6.66 Points] DETAILS MY NOTES REVIOUS ANSWERS ASK YOUR TEACHER TANAPCALC10 5.3.001.EP. PRACTICE ANOTHER Consider the following where the principal P is invested at an interest rate of r per year for t years. P = $3,100, r = 4%, t = 10, compounded semiannually Determine m, the number of conversion periods per year. 2 Find the accumulated amount A (in dollars). (Round your answer to the nearest cent.) A = $ 4604.44arrow_forwardThe Colossus Ferris wheel debuted at the 1984 New Orleans World's Fair. The ride is 180 ft tall, and passengers board the ride at an initial height of 15 ft above the ground. The height above ground, h, of a passenger on the ride is a periodic function of time, t. The graph displays the height above ground of the last passenger to board over the course of the 15 min ride. Height of Passenger in Ferris Wheel 180 160 140- €120 Height, h (ft) 100 80 60 40 20 0 ך 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Time of operation, t (min) Sine function model: h = −82.5 cos (3πt) + 97.5 where h is the height of the passenger above the ground measured in feet and t is the time of operation of the ride in minutes. What is the period of the sine function model? Interpret the period you found in the context of the operation of the Ferris wheel. Answer:arrow_forwardForce with 800 N and 400 N are acting on a machine part at 30° and 60°, respectively with a positive x axis, Draw the diagram representing this situationarrow_forward
- 1. Graph the function f(x)=sin(x) −2¸ Answer: y -2π 一元 1 −1 -2 -3 -4+ 元 2πarrow_forward3. Graph the function f(x) = −(x-2)²+4 Answer: f(x) 6 5 4 3 2+ 1 -6-5 -4-3-2-1 × 1 2 3 4 5 6 -1 -2+ ရာ -3+ -4+ -5 -6arrow_forward2. Graph the function f(x) = cos(2x)+1 Answer: -2π 一元 y 3 2- 1 -1 -2+ ရာ -3- Π 2πarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill

College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning

Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY