FINITE MATH.F/BUS, ECON, LIFE..-ACCESS14th EditionBarnett Publisher: PEARSONISBN: 9780134984209
FINITE MATH.F/BUS, ECON, LIFE..-ACCESS
Solutions for FINITE MATH.F/BUS,ECON,LIFE..-ACCESS
Problem 4RE:
In Problems 1-4, find the indicated quantity, given A=P1+rt. A=$4,120;P=$4,000;r=?;t=6monthsProblem 5RE:
In Problems 5 and 6, find the indicated quantity, given A=P1+in. A=?;P=$1,200;i=0.005;n=30Problem 6RE:
In Problems 5 and 6, find the indicated quantity, given A=P1+in. A=$5,000;P=?;i=0.0075;n=60Problem 7RE:
In Problems 7 and 8, find the indicated quantity, given A=Pert. A=?;P=$4,750;r=6.8;t=3yearsProblem 8RE:
In Problems 7 and 8, find the indicated quantity, given A=Pert. A=$36,000;P=?;r=9.3;t=60monthsProblem 9RE:
In Problems 9 and 10, find the indicated quantity, given FV=PMT1+in1i. FV=?;PMT=1,000;i=0.005;n=60Problem 10RE:
In Problems 9 and 10, find the indicated quantity, given FV=PMT1+in1i. FV=8,000;PMT=?;i=0.015;n=48Problem 11RE:
In Problems 11 and 12, find the indicated quantity, given PV=PMT11+ini PV=?;PMT=$2,500;i=0.02;n=16Problem 12RE:
In Problems 11 and 12, find the indicated quantity, given PV=PMT11+ini PV=$8,000;PMT=?;i=0.0075;n=60Problem 13RE:
Solve the equation 2.500=1.0001.06n for n to the nearest integer using: (A) Logarithms (B) Graphical...Problem 14RE:
Solve the equation 5,000=1001.01n10.01 for n to the nearest integer using: (A) Logarithms (B)...Problem 15RE:
If you borrow $3,000 at 14 simple interest for 10 months, how much will you owe in 10 months? How...Problem 16RE:
Grandpa deposited $6,000 into grandchild’s account toward a college education. How much money (to...Problem 17RE:
How much should you pay for a corporate bond paying 6.6 compounded monthly in order to have $25,000...Problem 18RE:
An investment account pays 5.4 compounded annually. Construct a balance sheet showing the interest...Problem 19RE:
One investment pays 13 simple interest and another 9 compounded annually. Which investment would you...Problem 20RE:
A $10,000 retirement account is left to earn interest at 7 compounded daily. How much money will be...Problem 21RE:
A couple wishes to have $40,000 in 6 years for the down payment on a house. At what rate of interest...Problem 22RE:
Which is the better investment and why: 9 compounded quarterly or 9.25 compounded annually?Problem 23RE:
What is the value of an ordinary annuity at the end of 8 years if $200 per month is deposited into...Problem 24RE:
A payday lender charges $60 for a loan of $500 for 15 days. Find the annual interest rate. (Use a...Problem 25RE:
The annual interest rate on a credit card is 25.74 and interest is calculated by the average daily...Problem 26RE:
What will a $23,000 car cost (to the nearest dollar) 5 years from now if the inflation rate over...Problem 27RE:
What would the $23,000 car in Problem 25 have cost (to the nearest dollar) 5 years ago if the...Problem 28RE:
A loan of $2,500 was repaid at the end of 10 months with a check for $2,812.50. What annual rate of...Problem 29RE:
You want to purchase an automobile for $21,600. The dealer offers you 0 financing for 48 months or a...Problem 30RE:
Find the annual percentage yield on a bond earning 6.25 if interest is compounded (A) monthly. (B)...Problem 31RE:
You have $5,000 toward the purchase of a boat that will cost $6,000. How long will it take the...Problem 32RE:
How long will it take money to double if it is invested at 6 compounded monthly? 9 compounded...Problem 33RE:
Starting on his 21st birthday, and continuing on every birthday up to and including his 65th, John...Problem 34RE:
If you just sold a stock for $17,388.17 (net) that cost you $12,903.28 (net) 3 years ago, what...Problem 35RE:
The table shows the fees for refund anticipation loans (RALs) offered by an online tax preparation...Problem 36RE:
Lincoln Benefit Life offered an annuity that pays 5.5 compounded monthly. What equal monthly deposit...Problem 37RE:
A person wants to establish an annuity for retirement purposes. He wants to make quarterly deposits...Problem 38RE:
If you borrow $4,000 from an online lending firm for the purchase of a computer and agree to repay...Problem 39RE:
A company decides to establish a sinking fund to replace a piece of equipment in 6 years at an...Problem 40RE:
How long will it lake money to double if it is invested at 7.5 compounded daily? 7.5 compounded...Problem 41RE:
A student receives a student loan for $8,000 at 5.5 interest compounded monthly to help her finish...Problem 42RE:
If you invest $5,650 in an account paying 8.65 compounded continuously, how much money will be in...Problem 43RE:
A company makes a payment of $1,200 each month into a sinking fund that earns 6 compounded monthly....Problem 44RE:
A couple has a $50,000, 20-year mortgage at 9 compounded monthly. Use graphical approximation...Problem 45RE:
A loan company advertises in the paper that you will pay only 8 a day for each $100 borrowed. What...Problem 46RE:
Construct the amortization schedule for a $1,000 debt that is to be amortized in four equal...Problem 47RE:
You can afford monthly deposits of only $300 into an account that pays 7.98 compounded monthly. How...Problem 48RE:
A company establishes a sinking fund for plant retooling in 6 years at an estimated cost of850,000....Problem 50RE:
If you buy a 13-week T-bill with a maturity value of $5,000 for $4,922.15 from the U.S. Treasury...Problem 51RE:
In order to save enough money for the down payment on a condominium, a young couple deposits 200...Problem 52RE:
A business borrows $80,000 at 9.42 interest compounded monthly for 8 years. (A) What is the monthly...Problem 53RE:
You unexpectedly inherit $10,000 just after you have made the 72nd monthly payment on a 30-year...Problem 54RE:
Your parents are considering a $75,000, 30-year mortgage to purchase a new home. The bank at which...Problem 55RE:
How much should a $5,000 face value zero coupon bond, maturing in 5 years, be sold for now, if its...Problem 56RE:
If you pay $5,695 for a $10,000 face value zero coupon bond that matures in 10 years, what is your...Problem 57RE:
If an investor wants to earn an annual interest rate of 6.4 on a 26-week T-bill with a maturity...Problem 58RE:
Two years ago you borrowed $10,000 at 12 interest compounded monthly, which was to be amortized over...Problem 59RE:
What annual nominal rate compounded monthly has the same annual percentage yield as 7.28 compounded...Problem 60RE:
(A) A man deposits $2,000 in an IRA on his 21st birthday and on each subsequent birthday up to, and...Problem 61RE:
A promissory note will pay $27,000 at maturity 10 years from now. How much money should you be...Problem 62RE:
In a new housing development, the houses are selling for 100,000 and require a 20 down payment. The...Problem 63RE:
A loan company will loan up to 60 of the equity in a home. A family purchased their home 8 years ago...Browse All Chapters of This Textbook
Chapter DPT - Diagnostics Prerequisite TestChapter 1 - Linear Equations And GraphsChapter 1.1 - Linear Equations And InequalitiesChapter 1.2 - Graphs And LinesChapter 1.3 - Linear RegressionChapter 2 - Functions And GraphsChapter 2.1 - FunctionsChapter 2.2 - Elementary Functions: Graphs And TransformationsChapter 2.3 - Quadratic FunctionsChapter 2.4 - Polynomial And Rational Functions
Chapter 2.5 - Exponential FunctionsChapter 2.6 - Logarithmic FunctionsChapter 3 - Mathematics Of FinanceChapter 3.1 - Simple InterestChapter 3.2 - Compound And Continuous Compound InterestChapter 3.3 - Future Value Of An Annuity; Sinking FundsChapter 3.4 - Present Value Of An Annuity; AmortizationChapter 4 - Systems Of Linear Equations; MatricesChapter 4.1 - Review: Systems Of Linear Equations In Two VariablesChapter 4.2 - Systems Of Linear Equations And Augmented MatricesChapter 4.3 - Gauss-jordan EliminationChapter 4.4 - Matrices: Basic OperationsChapter 4.5 - Inverse Of A Square MatrixChapter 4.6 - Matrix Equations And Systems Of Linear EquationsChapter 4.7 - Leontief Input-output AnalysisChapter 5 - Linear Inequalities And Linear ProgrammingChapter 5.1 - Linear Inequalities In Two VariablesChapter 5.2 - Systems Of Linear Inequalities In Two VariablesChapter 5.3 - Linear Programming In Two Dimensions: A Geometric ApproachChapter 6 - Linear Programming: The Simplex MethodChapter 6.1 - The Table Method: An Introduction To The Simplex MethodChapter 6.2 - The Simplex Method: Maximization With Problem Constraints Of The Form ≤Chapter 6.3 - The Dual Problem: Minimization With Problem Constraints Of The Form ≥Chapter 6.4 - Maximization And Minimization With Mixed Problem ConstraintsChapter 7 - Logic, Sets, And CountingChapter 7.1 - LogicChapter 7.2 - SetsChapter 7.3 - Basic Counting PrinciplesChapter 7.4 - Permutations And CombinationsChapter 8 - ProbabilityChapter 8.1 - Sample Spaces, Events, And ProbabilityChapter 8.2 - Union, Intersection, And Complement Of Events; OddsChapter 8.3 - Conditional Probability, Intersection, And IndependenceChapter 8.4 - Bayes’ FormulaChapter 8.5 - Random Variable, Probability Distribution, And Expected ValueChapter 9 - Markov ChainsChapter 9.1 - Properties Of Markov ChainsChapter 9.2 - Regular Markov ChainsChapter 9.3 - Absorbing Markov ChainsChapter 10 - Data Description And Probability DistributionsChapter 10.1 - Graphing DataChapter 10.2 - Measures Of Central TendencyChapter 10.3 - Measures Of DispersionChapter 10.4 - Bernoulli Trials And Binomial DistributionsChapter 10.5 - Normal DistributionsChapter 11 - Games And DecisionsChapter 11.1 - Strictly Determined GamesChapter 11.2 - Mixed-strategy GamesChapter 11.3 - Linear Programming And 2×2 Games: A Geometric ApproachChapter 11.4 - Linear Programming And M×n Games: Simplex Method And The Dual ProblemChapter A.1 - Real NumbersChapter A.2 - Operations On PolynomialsChapter A.3 - Factoring PolynomialsChapter A.4 - Operations On Rational ExpressionsChapter A.5 - Integer Exponents And Scientific NotationChapter A.6 - Rational Exponents And RadicalsChapter A.7 - Quadratic EquationsChapter B.1 - Sequences, Series, And Summation NotationChapter B.2 - Arithmetic And Geometric SequencesChapter B.3 - Binomial Theorem
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