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1. Mary owes June $800, and wants to pay her off. She decides to borrow the amount from her bank at a discount rate of 12%. If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $800?
2. Lydia's aunt Rose left her $4,000. Lydia spent $1,000 on her wardrobe and deposited the rest in an account that pays 8.9% compounded daily. How much money will she have in 5 years?
3. At the end of each month Rita deposits $600 in an account that pays 4% compounded monthly. What will the final amount be in 3 years?
4. The Gomez family bought a house for $250,000. They paid 15% down and amortized the rest at 11.2% over a 30-year period. Find their monthly payment.
5. Mr. Smith is planning to retire in 30 years and would like to have $350,000 then. What monthly payment made at the end of each month to an account that pays 7.5% compounded monthly will achieve his objective?
Anthony Brett and Charles run a small business and made a profit of $x in a month. They decided to share the profit so that Anthony received one-sixth of the profit, Brett received one-third of the profit and Charles received one-half of the profi..
The base of an aquarium with volume V = 250 is made of slate and the sides are made of glass. If slate costs five times as much (per unit area) as glass, find the dimensions of the aquarium that minimize the cost of the materials.
seating capacity of six is to be used by six employees who have formed a car pool. If only four of these employees can drive, how many possible seating arrangements are there for the group?
How are they different? Find a problem in the text that is similar to examples 2, 3, and 4. Post the problem for your classmates to solve.
Sketch the Fourier series of f(x) on the given interval - Sketch the Fourier series
Could the statement in the brochure be substantiated on the basis of these findings? Test with .05 significance level. Also calculate the P-value and interpret the result.
Chic Sales is a high-end consignment store with several locations in the metro area. The company noticed a decrease in sales over the last fiscal year. Research indicated customer satisfaction had decreased and the owner, Pat Turner, decided to c..
write the English phrase as an algebraic expression. A number decreased by the sum of the number and eight.
How much money does Alonzo have
Using the total cost function in the previous exercise, determine the production level that will maximize profit.
Determine the type I and type II error
Illustrate how compound probabilities can be used to predict the weather.
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