Finite Mathematics and Calculus with Applications
1st Edition
ISBN: 9781323188361
Author: Margaret Lial
Publisher: Pearson Education
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Chapter 8.1, Problem 11E
To determine
To evaluate: The permutation
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Can you answer this question and give step by step and why and how to get it. Can you write it (numerical method)
There are three options for investing $1150. The first earns 10% compounded annually, the second earns 10% compounded quarterly, and the third earns 10% compounded continuously. Find equations that model each investment growth and
use a graphing utility to graph each model in the same viewing window over a 20-year period. Use the graph to determine which investment yields the highest return after 20 years. What are the differences in earnings among the three
investment?
STEP 1: The formula for compound interest is
A =
nt
= P(1 + − − ) n²,
where n is the number of compoundings per year, t is the number of years, r is the interest rate, P is the principal, and A is the amount (balance) after t years. For continuous compounding, the formula reduces to
A = Pert
Find r and n for each model, and use these values to write A in terms of t for each case.
Annual Model
r=0.10
A = Y(t) = 1150 (1.10)*
n = 1
Quarterly Model
r = 0.10
n = 4
A = Q(t) = 1150(1.025) 4t
Continuous Model
r=0.10
A = C(t) =…
Use a graphing utility to find the point of intersection, if any, of the graphs of the functions. Round your result to three decimal places. (Enter NONE in any unused answer blanks.)
y = 100e0.01x
(x, y) =
y = 11,250
×
Chapter 8 Solutions
Finite Mathematics and Calculus with Applications
Ch. 8.1 - A combination lock can be set to open to any...Ch. 8.1 - Prob. 2YTCh. 8.1 - Prob. 3YTCh. 8.1 - Prob. 4YTCh. 8.1 - Prob. 5YTCh. 8.1 - Prob. 6YTCh. 8.1 - Prob. 7YTCh. 8.1 - Prob. 1ECh. 8.1 - Prob. 2ECh. 8.1 - Prob. 3E
Ch. 8.1 - Prob. 4ECh. 8.1 - Prob. 5ECh. 8.1 - Prob. 6ECh. 8.1 - Prob. 7ECh. 8.1 - Prob. 8ECh. 8.1 - Prob. 9ECh. 8.1 - Prob. 10ECh. 8.1 - Prob. 11ECh. 8.1 - Prob. 12ECh. 8.1 - Prob. 13ECh. 8.1 - Prob. 14ECh. 8.1 - Prob. 15ECh. 8.1 - Prob. 16ECh. 8.1 - Prob. 17ECh. 8.1 - Prob. 18ECh. 8.1 - Prob. 19ECh. 8.1 - Prob. 20ECh. 8.1 - Find the number of distinguishable permutations of...Ch. 8.1 - Prob. 22ECh. 8.1 - Prob. 23ECh. 8.1 - Prob. 24ECh. 8.1 - Prob. 25ECh. 8.1 - Prob. 26ECh. 8.1 - Prob. 27ECh. 8.1 - Prob. 28ECh. 8.1 - Prob. 29ECh. 8.1 - Prob. 30ECh. 8.1 - Prob. 31ECh. 8.1 - InvestmentsKristen Elmores financial advisor has...Ch. 8.1 - SchedulingA local television station has eleven...Ch. 8.1 - Prob. 34ECh. 8.1 - Prob. 35ECh. 8.1 - Prob. 36ECh. 8.1 - Prob. 37ECh. 8.1 - Prob. 38ECh. 8.1 - Prob. 39ECh. 8.1 - Union ElectionsA chapter of union Local 715 has 35...Ch. 8.1 - Programming MusicA concert to raise money for an...Ch. 8.1 - Prob. 42ECh. 8.1 - Prob. 43ECh. 8.1 - Prob. 44ECh. 8.1 - Telephone Area CodesSeveral years ago, the United...Ch. 8.1 - Prob. 46ECh. 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 - Prob. 54ECh. 8.1 - Prob. 55ECh. 8.2 - Prob. 1YTCh. 8.2 - Prob. 2YTCh. 8.2 - Solve the problems in Example 4. EXAMPLE...Ch. 8.2 - Prob. 4YTCh. 8.2 - Prob. 5YTCh. 8.2 - Prob. 1WECh. 8.2 - Prob. 2WECh. 8.2 - Prob. 1ECh. 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 - Prob. 8ECh. 8.2 - Prob. 9ECh. 8.2 - Prob. 10ECh. 8.2 - Prob. 11ECh. 8.2 - Prob. 12ECh. 8.2 - Five cards are marked with the numbers I. 2. 3.4....Ch. 8.2 - Prob. 14ECh. 8.2 - Prob. 15ECh. 8.2 - Prob. 16ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 18ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 20ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 22ECh. 8.2 - In Exercises 17-24, decide whether each exercise...Ch. 8.2 - Prob. 24ECh. 8.2 - Prob. 25ECh. 8.2 - Prob. 26ECh. 8.2 - The following problem was posed on National Public...Ch. 8.2 - Prob. 28ECh. 8.2 - Work AssignmentsFrom a group of 8 newly hired...Ch. 8.2 - Prob. 30ECh. 8.2 - Prob. 31ECh. 8.2 - Worker GrievancesA group of 9 workers decides to...Ch. 8.2 - Prob. 33ECh. 8.2 - Ice Cream FlavorsBaskin-Robbins advertises that it...Ch. 8.2 - Prob. 35ECh. 8.2 - Prob. 36ECh. 8.2 - Legislative CommitteeA legislative committee...Ch. 8.2 - Prob. 38ECh. 8.2 - Prob. 39ECh. 8.2 - Prob. 40ECh. 8.2 - Prob. 41ECh. 8.2 - Prob. 42ECh. 8.2 - BaseballIf a baseball coach has 5 good hitters and...Ch. 8.2 - Prob. 44ECh. 8.2 - Prob. 45ECh. 8.2 - Prob. 46ECh. 8.2 - Prob. 47ECh. 8.2 - Prob. 48ECh. 8.2 - Prob. 49ECh. 8.2 - License PlatesOfficials from a particular state...Ch. 8.2 - Prob. 51ECh. 8.2 - Prob. 52ECh. 8.2 - Prob. 53ECh. 8.2 - Prob. 54ECh. 8.2 - AppetizersApplebees restaurant recently advertised...Ch. 8.2 - Prob. 56ECh. 8.2 - Prob. 57ECh. 8.2 - Prob. 58ECh. 8.3 - Prob. 1YTCh. 8.3 - Prob. 2YTCh. 8.3 - Suppose the container in Example 3 has 4...Ch. 8.3 - In Example 4, what is the probability of a hand...Ch. 8.3 - Prob. 5YTCh. 8.3 - Prob. 6YTCh. 8.3 - Prob. 1WECh. 8.3 - If the Senate has 59 Democrats and 41 Republicans,...Ch. 8.3 - Prob. 1ECh. 8.3 - Prob. 2ECh. 8.3 - Prob. 3ECh. 8.3 - A basket contains 7 red apples and 4 yellow...Ch. 8.3 - In a club with 9 male and 11 female members, a...Ch. 8.3 - Prob. 6ECh. 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 - Find the probability that the 2-card hand...Ch. 8.3 - Prob. 17ECh. 8.3 - Prob. 18ECh. 8.3 - Twenty-six slips of paper are each marked with a...Ch. 8.3 - Prob. 20ECh. 8.3 - Twenty-six slips of paper are each marked with a...Ch. 8.3 - Prob. 22ECh. 8.3 - Discuss the relative merits of using tree diagrams...Ch. 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 - Prob. 31ECh. 8.3 - Prob. 32ECh. 8.3 - An elevator has 4 passengers and slops at 7...Ch. 8.3 - Prob. 34ECh. 8.3 - Prob. 35ECh. 8.3 - Prob. 36ECh. 8.3 - Quality ControlA shipment of 11 printers contains...Ch. 8.3 - Prob. 38ECh. 8.3 - Prob. 39ECh. 8.3 - Prob. 40ECh. 8.3 - Refer to Example 3. The managers feel that the...Ch. 8.3 - Prob. 42ECh. 8.3 - Prob. 43ECh. 8.3 - Prob. 44ECh. 8.3 - Prob. 45ECh. 8.3 - Prob. 46ECh. 8.3 - EducationEducation At a conference promoting...Ch. 8.3 - PokerFind the probabilities of the following hands...Ch. 8.3 - Prob. 49ECh. 8.3 - Prob. 50ECh. 8.3 - Prob. 51ECh. 8.3 - Prob. 52ECh. 8.3 - Prob. 53ECh. 8.3 - Prob. 54ECh. 8.3 - Prob. 55ECh. 8.3 - Prob. 56ECh. 8.3 - Prob. 57ECh. 8.3 - Prob. 58ECh. 8.3 - Prob. 59ECh. 8.3 - Prob. 60ECh. 8.3 - Prob. 61ECh. 8.3 - Prob. 62ECh. 8.3 - Prob. 63ECh. 8.3 - Prob. 64ECh. 8.3 - Prob. 65ECh. 8.3 - Prob. 66ECh. 8.3 - Prob. 67ECh. 8.3 - Prob. 68ECh. 8.3 - Prob. 69ECh. 8.3 - Prob. 70ECh. 8.3 - Prob. 71ECh. 8.3 - Prob. 72ECh. 8.3 - FootballDuring the 1988 college football season,...Ch. 8.3 - Prob. 74ECh. 8.3 - Prob. 75ECh. 8.3 - Prob. 76ECh. 8.4 - Prob. 1YTCh. 8.4 - Prob. 2YTCh. 8.4 - Prob. 3YTCh. 8.4 - Prob. 1WECh. 8.4 - Prob. 2WECh. 8.4 - Prob. 1ECh. 8.4 - Prob. 2ECh. 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 - A die is rolled 12 times. Find the probabilities...Ch. 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 - Prob. 18ECh. 8.4 - Prob. 19ECh. 8.4 - Prob. 20ECh. 8.4 - Prob. 21ECh. 8.4 - Prob. 22ECh. 8.4 - Business and Economics ManagementThe survey...Ch. 8.4 - Prob. 24ECh. 8.4 - Credit CardsA survey of consumer finance found...Ch. 8.4 - Prob. 26ECh. 8.4 - Prob. 27ECh. 8.4 - Prob. 28ECh. 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 - Prob. 38ECh. 8.4 - Prob. 39ECh. 8.4 - Prob. 40ECh. 8.4 - Prob. 41ECh. 8.4 - BirthsIn Clay County, North Carolina, 54 out of 84...Ch. 8.4 - Prob. 43ECh. 8.4 - Prob. 44ECh. 8.4 - Prob. 45ECh. 8.4 - Prob. 46ECh. 8.4 - Prob. 47ECh. 8.4 - Prob. 48ECh. 8.4 - Health StudyA study is being conducted in which...Ch. 8.4 - Social Sciences 50. Women WorkingA recent study...Ch. 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 - Prob. 58ECh. 8.4 - SportsIn many spans championships, such as the...Ch. 8.5 - Prob. 1YTCh. 8.5 - Prob. 2YTCh. 8.5 - Prob. 3YTCh. 8.5 - Prob. 4YTCh. 8.5 - Prob. 5YTCh. 8.5 - Prob. 1WECh. 8.5 - Prob. 2WECh. 8.5 - Prob. 1ECh. 8.5 - For each experiment described below, let x...Ch. 8.5 - Prob. 3ECh. 8.5 - For each experiment described below, let x...Ch. 8.5 - Prob. 5ECh. 8.5 - Prob. 6ECh. 8.5 - Prob. 7ECh. 8.5 - Prob. 8ECh. 8.5 - Prob. 9ECh. 8.5 - Prob. 10ECh. 8.5 - Prob. 11ECh. 8.5 - Prob. 12ECh. 8.5 - Prob. 13ECh. 8.5 - Prob. 14ECh. 8.5 - Prob. 15ECh. 8.5 - Prob. 16ECh. 8.5 - For the game in Example 5, find Marys expected...Ch. 8.5 - Suppose one day Mary brings a 2-headed coin and...Ch. 8.5 - Prob. 19ECh. 8.5 - Prob. 20ECh. 8.5 - Prob. 21ECh. 8.5 - Solve each exercise. Many of these exercises...Ch. 8.5 - Prob. 23ECh. 8.5 - Prob. 24ECh. 8.5 - Prob. 25ECh. 8.5 - Suppose someone offers to pay you 5 if you draw 2...Ch. 8.5 - Prob. 27ECh. 8.5 - Prob. 28ECh. 8.5 - Prob. 29ECh. 8.5 - Prob. 30ECh. 8.5 - Payout on Insurance PoliciesAn insurance company...Ch. 8.5 - Prob. 32ECh. 8.5 - Prob. 33ECh. 8.5 - Prob. 34ECh. 8.5 - Prob. 35ECh. 8.5 - Prob. 36ECh. 8.5 - Prob. 37ECh. 8.5 - Hospitalization InsuranceAn insurance policy pays...Ch. 8.5 - Prob. 39ECh. 8.5 - Prob. 40ECh. 8.5 - Samuel AlitoWhen Supreme Court Justice Samuel...Ch. 8.5 - Prob. 42ECh. 8.5 - Prob. 43ECh. 8.5 - Prob. 44ECh. 8.5 - Prob. 45ECh. 8.5 - RaffleA raffle offers a first prize of 1000, 2...Ch. 8.5 - Prob. 47ECh. 8.5 - Prob. 48ECh. 8.5 - Prob. 49ECh. 8.5 - Prob. 50ECh. 8.5 - Find the expected payback for the games of chance...Ch. 8.5 - Prob. 52ECh. 8.5 - ContestsA magazine distributor offers a first...Ch. 8.5 - ContestsA contest at a fast-food restaurant...Ch. 8.5 - Prob. 55ECh. 8.5 - Prob. 56ECh. 8.5 - Prob. 57ECh. 8 - Prob. 1RECh. 8 - Prob. 2RECh. 8 - Prob. 3RECh. 8 - Prob. 4RECh. 8 - Prob. 5RECh. 8 - Prob. 6RECh. 8 - Prob. 7RECh. 8 - Prob. 8RECh. 8 - Prob. 9RECh. 8 - Prob. 10RECh. 8 - Prob. 11RECh. 8 - Prob. 12RECh. 8 - Prob. 13RECh. 8 - Prob. 14RECh. 8 - Prob. 15RECh. 8 - Prob. 16RECh. 8 - Prob. 17RECh. 8 - Prob. 18RECh. 8 - Prob. 19RECh. 8 - Prob. 20RECh. 8 - Prob. 21RECh. 8 - Prob. 22RECh. 8 - Prob. 23RECh. 8 - Prob. 24RECh. 8 - Prob. 25RECh. 8 - A basket contains 4 black, 2 blue, and 7 green...Ch. 8 - Prob. 27RECh. 8 - Prob. 28RECh. 8 - Prob. 29RECh. 8 - Prob. 30RECh. 8 - Prob. 31RECh. 8 - Prob. 32RECh. 8 - Prob. 33RECh. 8 - Prob. 34RECh. 8 - Prob. 35RECh. 8 - Prob. 36RECh. 8 - Prob. 37RECh. 8 - Suppose 2 cards are drawn without replacement from...Ch. 8 - Prob. 39RECh. 8 - Prob. 40RECh. 8 - Prob. 41RECh. 8 - In Exercises 41 and 42, (a) give a probability...Ch. 8 - Prob. 43RECh. 8 - Prob. 44RECh. 8 - Prob. 45RECh. 8 - Prob. 46RECh. 8 - Prob. 47RECh. 8 - Suppose someone offers to pay you 100 if you draw...Ch. 8 - Prob. 49RECh. 8 - Prob. 50RECh. 8 - Prob. 51RECh. 8 - Prob. 52RECh. 8 - Prob. 53RECh. 8 - Job QualificationsOf the 12 people applying for an...Ch. 8 - Prob. 55RECh. 8 - Prob. 56RECh. 8 - Prob. 57RECh. 8 - Prob. 58RECh. 8 - Identity TheftAccording to a survey by Javelin...Ch. 8 - Prob. 60RECh. 8 - Prob. 61RECh. 8 - Prob. 62RECh. 8 - Prob. 63RECh. 8 - Injury ClaimsThe number of injury claims per month...Ch. 8 - Prob. 65RECh. 8 - Prob. 66RECh. 8 - Prob. 67RECh. 8 - Prob. 68RECh. 8 - Prob. 69RECh. 8 - Prob. 70RECh. 8 - Prob. 71RECh. 8 - Prob. 72RECh. 8 - Prob. 73RECh. 8 - Prob. 74RECh. 8 - Prob. 75RECh. 8 - Prob. 76RECh. 8 - Prob. 77RECh. 8 - LotteryNew York has a lottery game called Quick...Ch. 8 - Prob. 79RECh. 8 - Prob. 80RECh. 8 - Prob. 81RECh. 8 - PitThe card game of Pit was introduced by Parker...
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