Elementary Technical Mathematics
11th Edition
ISBN: 9781285199191
Author: Dale Ewen, C. Robert Nelson
Publisher: Cengage Learning
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Textbook Question
Chapter 8, Problem 8R
Write the ordered pair corresponding to each point in Illustration 1:
ILLUSTRATION 1
D
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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 8 Solutions
Elementary Technical Mathematics
Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 7ECh. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10E
Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Complete the three ordered-pair solutions of each...Ch. 8.1 - Prob. 20ECh. 8.1 - Prob. 21ECh. 8.1 - Prob. 22ECh. 8.1 - Prob. 23ECh. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Solve for y in terms of x: 4x+5y=10Ch. 8.1 - Prob. 27ECh. 8.1 - Solve for y in terms of x: 2x+2y=5Ch. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - Prob. 32ECh. 8.1 - Prob. 33ECh. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Write the ordered pair corresponding to each point...Ch. 8.1 - Prob. 39ECh. 8.1 - Prob. 40ECh. 8.1 - Prob. 41ECh. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Prob. 45ECh. 8.1 - Write the ordered pair corresponding to each point...Ch. 8.1 - Prob. 47ECh. 8.1 - Prob. 48ECh. 8.1 - Prob. 49ECh. 8.1 - Prob. 50ECh. 8.1 - Prob. 51ECh. 8.1 - Prob. 52ECh. 8.1 - Prob. 53ECh. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Plot each point in the number plane. Label each...Ch. 8.1 - Prob. 63ECh. 8.1 - Prob. 64ECh. 8.1 - Prob. 65ECh. 8.1 - Prob. 66ECh. 8.2 - Draw the graph of each equation: x+y=7Ch. 8.2 - Prob. 2ECh. 8.2 - Prob. 3ECh. 8.2 - Prob. 4ECh. 8.2 - Prob. 5ECh. 8.2 - Prob. 6ECh. 8.2 - Prob. 7ECh. 8.2 - Draw the graph of each equation: 2x+3y=9Ch. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 8.2 - Draw the graph of each equation: 5x+4y=20Ch. 8.2 - Prob. 12ECh. 8.2 - Prob. 13ECh. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - Draw the graph of each equation: 3x+5y=11Ch. 8.2 - Prob. 18ECh. 8.2 - Prob. 19ECh. 8.2 - Prob. 20ECh. 8.2 - Draw the graph of each equation: y=3Ch. 8.2 - Prob. 22ECh. 8.2 - Prob. 23ECh. 8.2 - Prob. 24ECh. 8.2 - Prob. 25ECh. 8.2 - Prob. 26ECh. 8.2 - Prob. 27ECh. 8.2 - Prob. 28ECh. 8.2 - Prob. 29ECh. 8.2 - Prob. 30ECh. 8.2 - Identify the independent and dependent variables...Ch. 8.2 - Prob. 32ECh. 8.2 - Prob. 33ECh. 8.2 - Prob. 34ECh. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Prob. 37ECh. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Identify the independent and dependent variables...Ch. 8.2 - Prob. 41ECh. 8.2 - The voltage, v (in mV), in an electrical circuit...Ch. 8.2 - The resistance, R, in an electrical circuit varies...Ch. 8.2 - Prob. 44ECh. 8.2 - The voltage, v, in an electrical circuit is given...Ch. 8.2 - Prob. 46ECh. 8.3 - Find the slope of the passing through each pair of...Ch. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - Prob. 4ECh. 8.3 - Prob. 5ECh. 8.3 - Find the slope of the passing through each pair of...Ch. 8.3 - Prob. 7ECh. 8.3 - Prob. 8ECh. 8.3 - Prob. 9ECh. 8.3 - Prob. 10ECh. 8.3 - Prob. 11ECh. 8.3 - Prob. 12ECh. 8.3 - Prob. 13ECh. 8.3 - Prob. 14ECh. 8.3 - Prob. 15ECh. 8.3 - Prob. 16ECh. 8.3 - Prob. 17ECh. 8.3 - Prob. 18ECh. 8.3 - Find the slope of each line: y=6x+2Ch. 8.3 - Prob. 20ECh. 8.3 - Find the slope of each line: y=5x7Ch. 8.3 - Prob. 22ECh. 8.3 - Prob. 23ECh. 8.3 - Prob. 24ECh. 8.3 - Prob. 25ECh. 8.3 - Prob. 26ECh. 8.3 - Prob. 27ECh. 8.3 - Prob. 28ECh. 8.3 - Prob. 29ECh. 8.3 - Prob. 30ECh. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Prob. 33ECh. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.3 - Determine whether the lines given by the equations...Ch. 8.4 - Draw the graph of each line with the given slope...Ch. 8.4 - Draw the graph of each line with the given slope...Ch. 8.4 - Prob. 3ECh. 8.4 - Prob. 4ECh. 8.4 - Prob. 5ECh. 8.4 - Prob. 6ECh. 8.4 - Prob. 7ECh. 8.4 - Prob. 8ECh. 8.4 - Prob. 9ECh. 8.4 - Prob. 10ECh. 8.4 - Prob. 11ECh. 8.4 - Prob. 12ECh. 8.4 - Prob. 13ECh. 8.4 - Prob. 14ECh. 8.4 - Prob. 15ECh. 8.4 - Prob. 16ECh. 8.4 - Prob. 17ECh. 8.4 - Draw the graph of each equation using the slope...Ch. 8.4 - Prob. 19ECh. 8.4 - Draw the graph of each equation using the slope...Ch. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Prob. 23ECh. 8.4 - Prob. 24ECh. 8.4 - Prob. 25ECh. 8.4 - Find the equation of the line with given slope and...Ch. 8.4 - Prob. 27ECh. 8.4 - Find the equation of the line with given slope and...Ch. 8.4 - Prob. 29ECh. 8.4 - Prob. 30ECh. 8.4 - Prob. 31ECh. 8.4 - Prob. 32ECh. 8.4 - Prob. 33ECh. 8.4 - Prob. 34ECh. 8.4 - Prob. 35ECh. 8.4 - Prob. 36ECh. 8.4 - Prob. 37ECh. 8.4 - Draw the graph of the line through the given point...Ch. 8.4 - Draw the graph of the line through the given point...Ch. 8.4 - Prob. 40ECh. 8.4 - Prob. 41ECh. 8.4 - Prob. 42ECh. 8.4 - Prob. 43ECh. 8.4 - Prob. 44ECh. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Prob. 47ECh. 8.4 - Prob. 48ECh. 8.4 - Prob. 49ECh. 8.4 - Prob. 50ECh. 8.4 - Prob. 51ECh. 8.4 - Prob. 52ECh. 8.4 - Prob. 53ECh. 8.4 - Prob. 54ECh. 8.4 - Prob. 55ECh. 8.4 - Prob. 56ECh. 8.4 - Prob. 57ECh. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Find the equation of the line through the given...Ch. 8.4 - Prob. 60ECh. 8 - Prob. 1RCh. 8 - Complete the ordered-pair solution of each...Ch. 8 - Solve for y: 6x+y=15.Ch. 8 - Solve For y:3x5y=10.Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Plot each point in the number plane. Label each...Ch. 8 - Prob. 10RCh. 8 - Prob. 11RCh. 8 - Prob. 12RCh. 8 - Draw the graph of each equation: x+y=8Ch. 8 - Prob. 14RCh. 8 - Draw the graph of each equation: 3x+6y=12Ch. 8 - Draw the graph of each equation: 4x5y=15Ch. 8 - Prob. 17RCh. 8 - Prob. 18RCh. 8 - Draw the graph of each equation: x=6Ch. 8 - Draw the graph of each equation: y=7Ch. 8 - Find the slope of the line passing through each...Ch. 8 - Find the slope of the line passing through each...Ch. 8 - Prob. 23RCh. 8 - Prob. 24RCh. 8 - Prob. 25RCh. 8 - Prob. 26RCh. 8 - Prob. 27RCh. 8 - Prob. 28RCh. 8 - Prob. 29RCh. 8 - Prob. 30RCh. 8 - Prob. 31RCh. 8 - Prob. 32RCh. 8 - Prob. 33RCh. 8 - Prob. 34RCh. 8 - Prob. 35RCh. 8 - Prob. 36RCh. 8 - Prob. 37RCh. 8 - Prob. 38RCh. 8 - Find the equation of the line through the given...Ch. 8 - Find the equation of the line through the given...Ch. 8 - Prob. 41RCh. 8 - Find the equation of the line through the given...Ch. 8 - Given the equation 3x4y=24, complete each ordered...Ch. 8 - Given the equation 3x4y=24, complete each ordered...Ch. 8 - Prob. 3TCh. 8 - Write the ordered pair corresponding to each point...Ch. 8 - Prob. 5TCh. 8 - Prob. 6TCh. 8 - Prob. 7TCh. 8 - Prob. 8TCh. 8 - Prob. 9TCh. 8 - Find the slope of each line: y=3x2Ch. 8 - Prob. 11TCh. 8 - Prob. 12TCh. 8 - Prob. 13TCh. 8 - Prob. 14TCh. 8 - Prob. 15TCh. 8 - Draw the graph of the line y=12x+4, using its...Ch. 8 - Prob. 1CRCh. 8 - Prob. 2CRCh. 8 - Prob. 3CRCh. 8 - Prob. 4CRCh. 8 - Prob. 5CRCh. 8 - Prob. 6CRCh. 8 - Prob. 7CRCh. 8 - Read the measurement shown on the metric...Ch. 8 - Prob. 9CRCh. 8 - Prob. 10CRCh. 8 - Prob. 11CRCh. 8 - Prob. 12CRCh. 8 - Prob. 13CRCh. 8 - Solve: 2x3+15=x423Ch. 8 - Prob. 15CRCh. 8 - Prob. 16CRCh. 8 - Prob. 17CRCh. 8 - Prob. 18CRCh. 8 - Prob. 19CRCh. 8 - Prob. 20CRCh. 8 - Prob. 21CRCh. 8 - Prob. 22CRCh. 8 - Prob. 23CRCh. 8 - Prob. 24CRCh. 8 - Prob. 25CRCh. 8 - Prob. 26CRCh. 8 - Prob. 27CRCh. 8 - Prob. 28CRCh. 8 - Prob. 29CRCh. 8 - Determine whether the graphs of 2x3y=6 and 3x+5y=7...
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