
Finite Mathematics and Calculus with Applications (10th Edition)
10th Edition
ISBN: 9780321979407
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Chapter 8.3, Problem 24E
To determine
To explain: The advantage of using the rule
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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
$
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TANAPCALC10 5.3.009.
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Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously. (Round your answer to the nearest cent.)
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Find 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
%
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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
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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 = $160,000, r = 7%, t = 4, compounded daily
A = $211113.60
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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
%
Chapter 8 Solutions
Finite Mathematics and Calculus with Applications (10th Edition)
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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