6th Edition

ISBN: 8220103632027

Author: Pirnot

Publisher: Pearson Education (US)

Concept explainers

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 8.4, Problem 30E

In Exercises 25-30, use the formula for finding the future value of an ordinary annuity,

A = R 1 + r m n - 1 r m

to solve for n. You are given A, R and r. Assume that payments are made monthly and that the interest rate is an annual rate.

A = $ 7, 500 , R = 100 , r = 8.5 %

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Chapter 8.4, Problem 29E

Chapter 8.4, Problem 31E

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Chapter 8 Solutions

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In Exercises 25-30, use the formula for finding the future value of an ordinary annuity, A = R 1 + r m n - 1 r m to solve for n. You are given A, R and r. Assume that payments are made monthly and that the interest rate is an annual rate. A = $ 7, 500 , R = 100 , r = 8.5 %

Solution Summary: The author explains that an annuity is a regular stream of equal payments, made at equal intervals. The future value depends upon interest rate, size, and number of payments.

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Chapter 8 Solutions