Developmental Mathematics (9th Edition)
9th Edition
ISBN: 9780321997173
Author: Marvin L. Bittinger, Judith A. Beecher
Publisher: PEARSON
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Chapter 5, Problem 6T
To determine
To calculate: The median and mode of the numbers,
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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 5 Solutions
Developmental Mathematics (9th Edition)
Ch. 5.1 - Objectives 1.6c and 3.4c:Simplify expressions...Ch. 5.1 - Prob. 2SRCh. 5.1 - Prob. 1DECh. 5.1 - Prob. 2DECh. 5.1 - Prob. 3DECh. 5.1 - Prob. 4DECh. 5.1 - GS Sohas sociology professor included the...Ch. 5.1 - Prob. 6DECh. 5.1 - Prob. 7DECh. 5.1 - Prob. 8DE
Ch. 5.1 - Prob. 9DECh. 5.1 - Prob. 10DECh. 5.1 - Prob. 11DECh. 5.1 - Prob. 12DECh. 5.1 - Prob. 13DECh. 5.1 - Prob. 14DECh. 5.1 - Prob. 15DECh. 5.1 - 16. In a lab, Gina determined the mass, in grams,...Ch. 5.1 - Prob. 1RCCh. 5.1 - Prob. 2RCCh. 5.1 - Prob. 3RCCh. 5.1 - Prob. 4RCCh. 5.1 - Prob. 1ESCh. 5.1 - Prob. 2ESCh. 5.1 - Prob. 3ESCh. 5.1 - Prob. 4ESCh. 5.1 - Prob. 5ESCh. 5.1 - Prob. 6ESCh. 5.1 - Prob. 7ESCh. 5.1 - Prob. 8ESCh. 5.1 - Prob. 9ESCh. 5.1 - Prob. 10ESCh. 5.1 - Prob. 11ESCh. 5.1 - Prob. 12ESCh. 5.1 - Prob. 13ESCh. 5.1 - Prob. 14ESCh. 5.1 - Prob. 15ESCh. 5.1 - Prob. 16ESCh. 5.1 - Grading. To get a B in math, Rich must score an...Ch. 5.1 - Prob. 18ESCh. 5.1 - Prob. 19ESCh. 5.1 - Prob. 20ESCh. 5.1 - Median Home Prices. The following table lists the...Ch. 5.1 - Prob. 22ESCh. 5.1 - Movie Ticket Sales. The following table lists the...Ch. 5.1 - Prob. 24ESCh. 5.1 - Prob. 25ESCh. 5.1 - Prob. 26ESCh. 5.1 - Prob. 27ESCh. 5.1 - Prob. 28ESCh. 5.1 - Prob. 29ESCh. 5.1 - Prob. 30ESCh. 5.1 - Prob. 31ESCh. 5.2 - Objective 2.4d: Multiply using mixed numerals....Ch. 5.2 - Prob. 2SRCh. 5.2 - Use the table in Example 1 to answer Margin...Ch. 5.2 - Prob. 2DECh. 5.2 - Prob. 3DECh. 5.2 - Prob. 4DECh. 5.2 - Prob. 5DECh. 5.2 - Prob. 6DECh. 5.2 - Prob. 7DECh. 5.2 - Prob. 8DECh. 5.2 - Prob. 9DECh. 5.2 - Prob. 10DECh. 5.2 - Prob. 11DECh. 5.2 - Prob. 12DECh. 5.2 - Prob. 13DECh. 5.2 - Prob. 14DECh. 5.2 - Prob. 15DECh. 5.2 - Prob. 1RCCh. 5.2 - Prob. 2RCCh. 5.2 - Prob. 3RCCh. 5.2 - Prob. 4RCCh. 5.2 - Prob. 1ESCh. 5.2 - Prob. 2ESCh. 5.2 - Prob. 3ESCh. 5.2 - Prob. 4ESCh. 5.2 - Prob. 5ESCh. 5.2 - Prob. 6ESCh. 5.2 - Prob. 7ESCh. 5.2 - Prob. 8ESCh. 5.2 - Prob. 9ESCh. 5.2 - Prob. 10ESCh. 5.2 - Prob. 11ESCh. 5.2 - Prob. 12ESCh. 5.2 - Prob. 13ESCh. 5.2 - Prob. 14ESCh. 5.2 - Prob. 15ESCh. 5.2 - Prob. 16ESCh. 5.2 - Prob. 17ESCh. 5.2 - Prob. 18ESCh. 5.2 - Prob. 19ESCh. 5.2 - Prob. 20ESCh. 5.2 - Prob. 21ESCh. 5.2 - Prob. 22ESCh. 5.2 - Prob. 23ESCh. 5.2 - Prob. 24ESCh. 5.2 - Prob. 25ESCh. 5.2 - Prob. 26ESCh. 5.2 - Prob. 27ESCh. 5.2 - Prob. 28ESCh. 5.2 - Prob. 29ESCh. 5.2 - Prob. 30ESCh. 5.2 - Prob. 31ESCh. 5.2 - Prob. 32ESCh. 5.2 - Prob. 33ESCh. 5.2 - Prob. 34ESCh. 5.2 - Prob. 35ESCh. 5.2 - Prob. 36ESCh. 5.2 - Prob. 37ESCh. 5.2 - Prob. 38ESCh. 5.2 - Personal Consumption Expenditures. The following...Ch. 5.2 - Personal Consumption Expenditures. The following...Ch. 5.2 - Prob. 41ESCh. 5.2 - Prob. 42ESCh. 5.2 - Prob. 43ESCh. 5.2 - Prob. 44ESCh. 5.2 - Prob. 1MCRCh. 5.2 - Prob. 2MCRCh. 5.2 - Prob. 3MCRCh. 5.2 - Prob. 4MCRCh. 5.2 - Prob. 5MCRCh. 5.2 - Prob. 6MCRCh. 5.2 - Prob. 7MCRCh. 5.2 - Prob. 8MCRCh. 5.2 - Prob. 9MCRCh. 5.2 - Prob. 10MCRCh. 5.2 - Prob. 11MCRCh. 5.2 - Prob. 12MCRCh. 5.2 - Prob. 13MCRCh. 5.2 - Prob. 14MCRCh. 5.2 - Prob. 15MCRCh. 5.2 - Prob. 16MCRCh. 5.2 - Downsizing. Companies sometimes downsize their...Ch. 5.2 - Prob. 18MCRCh. 5.2 - Prob. 19MCRCh. 5.2 - Prob. 20MCRCh. 5.2 - Prob. 21MCRCh. 5.2 - Prob. 22MCRCh. 5.2 - Prob. 23UTDWCh. 5.2 - Answers to Exercises 23 and 24 can be found on...Ch. 5.3 - Objective 3.1c: Given a pair of numbers in decimal...Ch. 5.3 - Objective 3.1c: Given a pair of numbers in decimal...Ch. 5.3 - Prob. 1DECh. 5.3 - Prob. 2DECh. 5.3 - Prob. 3DECh. 5.3 - Prob. 4DECh. 5.3 - Prob. 5DECh. 5.3 - Prob. 6DECh. 5.3 - Prob. 7DECh. 5.3 - Prob. 8DECh. 5.3 - Prob. 1RCCh. 5.3 - Prob. 2RCCh. 5.3 - Prob. 3RCCh. 5.3 - Prob. 4RCCh. 5.3 - Prob. 1ESCh. 5.3 - Prob. 2ESCh. 5.3 - Prob. 3ESCh. 5.3 - Prob. 4ESCh. 5.3 - Prob. 5ESCh. 5.3 - Prob. 6ESCh. 5.3 - Prob. 7ESCh. 5.3 - Prob. 8ESCh. 5.3 - Prob. 9ESCh. 5.3 - Prob. 10ESCh. 5.3 - Prob. 11ESCh. 5.3 - Prob. 12ESCh. 5.3 - Prob. 13ESCh. 5.3 - Prob. 14ESCh. 5.3 - Prob. 15ESCh. 5.3 - Prob. 16ESCh. 5.3 - Prob. 17ESCh. 5.3 - Prob. 18ESCh. 5.3 - Prob. 19ESCh. 5.3 - Prob. 20ESCh. 5.3 - Prob. 21ESCh. 5.3 - Prob. 22ESCh. 5.3 - Prob. 23ESCh. 5.3 - Prob. 24ESCh. 5.3 - Prob. 25ESCh. 5.3 - Prob. 26ESCh. 5.3 - Prob. 27ESCh. 5.3 - Prob. 28ESCh. 5.3 - Prob. 29ESCh. 5.3 - Prob. 30ESCh. 5.3 - Prob. 31ESCh. 5.3 - Prob. 32ESCh. 5.3 - Prob. 33ESCh. 5.3 - Prob. 34ESCh. 5.3 - Prob. 35ESCh. 5.3 - Prob. 36ESCh. 5.3 - Prob. 37ESCh. 5.3 - Prob. 38ESCh. 5.3 - Prob. 39ESCh. 5.3 - Prob. 40ESCh. 5.3 - Prob. 41ESCh. 5.3 - Prob. 42ESCh. 5.3 - Prob. 43ESCh. 5.3 - Prob. 44ESCh. 5.3 - Prob. 45ESCh. 5.3 - Prob. 46ESCh. 5.3 - Prob. 47ESCh. 5.3 - Prob. 48ESCh. 5.3 - Prob. 49ESCh. 5.3 - Prob. 50ESCh. 5.3 - Prob. 51ESCh. 5.3 - Prob. 52ESCh. 5.3 - Prob. 53ESCh. 5.3 - Prob. 54ESCh. 5.3 - Prob. 55ESCh. 5.3 - Prob. 56ESCh. 5.3 - Prob. 57ESCh. 5.3 - Prob. 58ESCh. 5.3 - Prob. 59ESCh. 5.3 - Prob. 60ESCh. 5.4 - Objective 4.3a: Convert from fraction notation to...Ch. 5.4 - Prob. 2SRCh. 5.4 - Prob. 1DECh. 5.4 - Prob. 2DECh. 5.4 - Prob. 3DECh. 5.4 - Prob. 4DECh. 5.4 - Prob. 1TFSCh. 5.4 - Prob. 2TFSCh. 5.4 - Prob. 3TFSCh. 5.4 - Prob. 4TFSCh. 5.4 - Prob. 5TFSCh. 5.4 - The goal of these matching questions is to...Ch. 5.4 - Prob. 7TFSCh. 5.4 - Prob. 8TFSCh. 5.4 - Prob. 9TFSCh. 5.4 - Prob. 10TFSCh. 5.4 - Prob. 1RCCh. 5.4 - Prob. 2RCCh. 5.4 - Prob. 3RCCh. 5.4 - Prob. 4RCCh. 5.4 - Prob. 5RCCh. 5.4 - Prob. 6RCCh. 5.4 - Prob. 1ESCh. 5.4 - Prob. 2ESCh. 5.4 - Prob. 3ESCh. 5.4 - Prob. 4ESCh. 5.4 - Prob. 5ESCh. 5.4 - Prob. 6ESCh. 5.4 - Prob. 7ESCh. 5.4 - Prob. 8ESCh. 5.4 - Prob. 9ESCh. 5.4 - Prob. 10ESCh. 5 - Complete each statement with the correct term from...Ch. 5 - Prob. 2VRCh. 5 - Prob. 3VRCh. 5 - Prob. 4VRCh. 5 - Prob. 5VRCh. 5 - Prob. 6VRCh. 5 - Prob. 1CORCh. 5 - Prob. 2CORCh. 5 - Prob. 3CORCh. 5 - Prob. 1SGPECh. 5 - 2. Use the table in the example shown above for...Ch. 5 - Which oatmeal has the greatest cost per serving?...Ch. 5 - Prob. 4SGPECh. 5 - Prob. 5SGPECh. 5 - Prob. 6SGPECh. 5 - Use the circle graph at left to answer Exercises 7...Ch. 5 - Use the circle graph at left to answer Exercises 7...Ch. 5 - Prob. 1RECh. 5 - Prob. 2RECh. 5 - Prob. 3RECh. 5 - Prob. 4RECh. 5 - Prob. 5RECh. 5 - Prob. 6RECh. 5 - Prob. 7RECh. 5 - Gas Mileage. A 2012 Mazda Miata does 336 mi of...Ch. 5 - Prob. 9RECh. 5 - Prob. 10RECh. 5 - Prob. 11RECh. 5 - Prob. 12RECh. 5 - Prob. 13RECh. 5 - Prob. 14RECh. 5 - Prob. 15RECh. 5 - Prob. 16RECh. 5 - Prob. 17RECh. 5 - Prob. 18RECh. 5 - Prob. 19RECh. 5 - Prob. 20RECh. 5 - Prob. 21RECh. 5 - Prob. 22RECh. 5 - Prob. 23RECh. 5 - Prob. 24RECh. 5 - Prob. 25RECh. 5 - Prob. 26RECh. 5 - Major League World Series. Except for four years,...Ch. 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 - Prob. 39RECh. 5 - Prob. 40RECh. 5 - Prob. 41RECh. 5 - Prob. 42RECh. 5 - Prob. 43RECh. 5 - Prob. 44RECh. 5 - Prob. 45RECh. 5 - What is the average of this set of data?...Ch. 5 - Prob. 47RECh. 5 - Prob. 48RECh. 5 - Prob. 49RECh. 5 - Prob. 50RECh. 5 - Prob. 1UTDWCh. 5 - Prob. 2UTDWCh. 5 - Prob. 3UTDWCh. 5 - Prob. 4UTDWCh. 5 - Prob. 5UTDWCh. 5 - Prob. 6UTDWCh. 5 - Prob. 1TCh. 5 - Prob. 2TCh. 5 - Prob. 3TCh. 5 - Prob. 4TCh. 5 - Prob. 5TCh. 5 - Prob. 6TCh. 5 - Prob. 7TCh. 5 - Prob. 8TCh. 5 - Prob. 9TCh. 5 - Prob. 10TCh. 5 - Prob. 11TCh. 5 - Prob. 12TCh. 5 - Prob. 13TCh. 5 - Prob. 14TCh. 5 - Prob. 15TCh. 5 - Prob. 16TCh. 5 - Prob. 17TCh. 5 - Prob. 18TCh. 5 - Prob. 19TCh. 5 - Prob. 20TCh. 5 - Prob. 21TCh. 5 - Prob. 22TCh. 5 - Prob. 23TCh. 5 - Prob. 24TCh. 5 - Prob. 25TCh. 5 - 26. Referring to Exercise 25, consider a family...
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