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 1ED:
To purchase a home, a family plans to sign a mortgage of $70,000 at 8 on the unpaid balance. Discuss...Problem 2ED:
(A) A family has an $85,000, 30 -year mortgage at 9.6 compounded monthly. Show that the monthly...Problem 1MP:
How much should you deposit in an account paying 8 compounded quarterly in order to receive...Problem 2MP:
Refer to Example 2. If $2,000 is deposited annually for the first 25 years, how much can be...Problem 3MP:
If you sell your car to someone for 2,400 and agree to finance it at 1 per month on the unpaid...Problem 4MP:
Construct the amortization schedule for a $1,000 debt that is to be amortized in six equal monthly...Problem 5MP:
A couple purchased a home 20 years ago for $65,000. The home was financed by paying 20 down and...Problem 6MP:
Which option should you choose if your credit union raises its loan rate to 7.5 compounded monthly...Problem 7MP:
The annual interest rate on a credit card is 24.99. How long will it take to pay off an unpaid...Problem 1E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 2E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 3E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 4E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 5E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 6E:
In Problems 1-6, find the sum of the finite geometric series a+ar+ar2++arn1. Write the answer as a...Problem 7E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 8E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 9E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 10E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 11E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 12E:
In Problems 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 13E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 14E:
In Problem 7-14, find i (the rate per period) and n (the number of periods) for each loan at the...Problem 17E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$40,000;n=96:i=0.0075;PMT=?Problem 18E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$14,000;n=72:i=0.005;PMT=?Problem 19E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$5,000;i=0.01;PMT=$200;n=?Problem 20E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$20,000;i=0.0175;PMT=$500;n=?Problem 21E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$9,000;PMT=$600;n=20;i=? (Round...Problem 22E:
In Problems 15-22, use formula 5 or 6 to solve each problem. PV=$12,000;PMT=$400;n=40;i=? (Round...Problem 24E:
Solve the present value formula 5 for n.Problem 25E:
Explain how an ordinary annuity is involved when you take out an auto loan from a bank.Problem 26E:
Explain why the last payment m an amortization schedule might differ from the other payments,Problem 27E:
American General offers a 10 -year ordinary annuity with a guaranteed rate of 6.65 compounded...Problem 28E:
American General offers a 7-year ordinary annuity with a guaranteed rate of 6.35 compounded...Problem 29E:
E-Loan, an online lending service, offers a 36 -month auto loan at 7.56 compounded monthly to...Problem 30E:
E-Loan offers a 36 -month auto loan at 9.84 compounded monthly to applicants with fair credit...Problem 31E:
If you buy a computer directly from the manufacturer for 2,500 and agree to repay it in 48 equal...Problem 32E:
If you buy a computer directly from the manufacturer for 3,500 and agree to repay it in 60 equal...Problem 33E:
In Problems 33-36, assume that no new purchases are made with the credit card. The annual interest...Problem 34E:
In Problems 33-36, assume that no new purchases are made with the credit card. The annual interest...Problem 35E:
In Problems 33-36, assume that no new purchases are made with the credit card. The annual interest...Problem 36E:
In Problems 33-36, assume that no new purchases are made with the credit card. The annual interest...Problem 37E:
Problems 37 and 38 refer to the following ads. The ad for a Bison sedan claims that a monthly...Problem 38E:
Problems 37 and 38 refer to the following ads. The ad for a Bison sedan claims that a monthly...Problem 39E:
You want to purchase an automobile for $27,300. The dealer offers you 0 financing for 60 months or a...Problem 40E:
You want to purchase an automobile for $28,500. The dealer offers you 0 financing for 60 months or a...Problem 41E:
A sailboat costs $35,000. You pay 20 down and amortize the rest with equal monthly payments over a...Problem 42E:
A recreational vehicle costs $80,000. You pay 10 down and amortize the rest with equal monthly...Problem 43E:
Construct the amortization schedule for a $5,000 debt that is to be amortized in eight equal...Problem 44E:
Construct the amortization schedule for a $10,000 debt that is to be amortized in six equal...Problem 45E:
A woman borrows $6,000 at 9 compounded monthly, which is to be amortized over 3 years in equal...Problem 46E:
A man establishes an annuity for retirement by depositing $50,000 into an account that pays 7.2...Problem 47E:
Some friends tell you that they paid $25,000 down on a new house and are to pay $525 per month for...Problem 48E:
A family is thinking about buying a new house costing $120,000. The family must pay 20 down, and the...Problem 49E:
A student receives a federally backed student loan of $6,000 at 3.5 interest compounded monthly....Problem 50E:
A person establishes a sinking fund for retirement by contributing $7,500 per year at the end of...Problem 51E:
A family has a 150,000, 30 -year mortgage at 6.1 compounded monthly. Find the monthly payment. Also...Problem 52E:
A family has a $210,000, 20-year mortgage at 6.75 compounded monthly. Find the monthly payment. Also...Problem 53E:
A family has a $129,000, 20-year mortgage at 7.2 compounded monthly. (A) Find the monthly payment...Problem 54E:
At the time they retire, a couple has $200,000 in an account that pays 8.4 compounded monthly. (A)...Problem 55E:
An ordinary annuity that earns 7.5 compounded monthly has a current balance of $500,000. The owner...Problem 56E:
Refer to Problem 55. If the account owner decides to withdraw $3,000 monthly, how much is in the...Problem 57E:
An ordinary annuity pays 7.44 compounded monthly. (A) A person deposits $100 monthly for 30 years...Problem 58E:
An ordinary annuity pays 6.48 compounded monthly. (A) A person wants to make equal monthly deposits...Problem 59E:
A couple wishes to borrow money using the equity in their home for collateral. A loan company will...Problem 60E:
A person purchased a house 10 years ago for $160,000. The house was financed by paying 20 down and...Problem 61E:
A person purchased a $145,000 home 10 years ago by paying 20 down and signing a 30-year mortgage at...Problem 62E:
A person purchased a $200,000 home 20 years ago by paying 20 down and signing a 30-year mortgage at...Problem 63E:
Discuss the similarities and differences in the graphs of unpaid balance as a function of time for...Problem 64E:
Discuss the similarities and differences in the graphs of unpaid balance as a function of time for...Problem 65E:
In Problems solver 65-68, use graphical approximation techniques or an equation solver to...Problem 66E:
In Problems solver 65-68, use graphical approximation techniques or an equation solver to...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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