Answered: El signa 7. Using approximate time,… | bartleby

Calculus: Early Transcendentals

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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1
7. Using approximate time, find the exact interest on P75,000 at 8-% from
March 8, 2002 to May 25, 2003.
4
wolad
Inamesvni
10031
8. Mark Lopez went to his bank to find out how long it will take for
P10,000 to amount to P10,700 at 12% simple interest. Express answer
in days.
9. What is the exact simple interest rate using exact time if P6,000 grew
to P6,168 from February 24, 2001 to May 8, 2001?
10. On the first day of October, 2002, Albert Flores had P21,455 in an
1
account that earns 10-% interest. How much interest was added to his
2
account at the end of December of same year if he made no additions
or withdrawals during this time? Use the banker's rule.

MATHI
April 25,
4: On September 12, 2002, Jody San Juan went to ABC Bank to borrow
P230,000 at 9% interest. Jody repaid the loan on January 27, 2003. As-
suming the loan is on exact time, ordinary interest, how much did Jody
repay on the maturity date?,
E.S 93107O
5. In problem #4, suppose Kaye Reyes met Jody San Juan at ABC Bank
and suggested she consider the loan on exact time, exact I, recalculate
the loan for Jody under this assumption. What is your recommendation
to Jody?
v 6. Borris is buying a van from the interest of his time deposit in a bank.
His April monthly interest at 12% was P125,000. What was Borris'
principal balance at the beginning of April? Use 365 days.

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Suppose that your parents have enough money to buy a car and a house. The car that they want tobuy costs P 800,000.00 while the house costs P 3,000,000.00. According to economists, thedepreciation rate of car is 15% annually while the appreciation rate of houses in the Philippines is2.4% annually. If after 10 years they want to sell both, how much will be their money?
What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8% simple interest using (d) Exact interest using approximate time
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Ben has the option of a 6 year nonsubsidizes student loan of $31000 at an annual interest rate 5.4%or 6 year non subsidized loan of $29000 at an annual interest rate 4.7%. Assuming he graduate in 3 years, determine the difference between the interest paid of given option
If you can't start saving that early in your careerat the age of 24until you retire at 64, you will need to save more each month. How much would you need to save each month during the last 30 years of your career to have $700,000 when you retire? (Still assuming your retirement account earns an APR of 4%.)
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A credit card bill due on April 5 showed a balance of $263. The card holder forgot to pay the bill until the 20th of the month but paid the full amount of $263 at that time. In the meantime, the card was used to make purchases of $138 on the 10th of the month and $74 on the 20th of the month. What was the average daily balance for the billing period?
25-year-old Ahmet, after graduating from school, wants to make a retirement plan for his future with the 20000 money his father gave him for graduation. In this retirement planning, he wants to pay the plan's payments in cash, the amount his father gave him, and pay the rest in 5 equal annual installments. In the pension plan, the retirement age is set at 60. He wants a retirement bonus of 200000 TL in the year he retires, a lifelong death guarantee of 200000 TL after retirement, and also a pension of 25000 TL for 10 years at the beginning of each year. Interest rate is 3% and according to 1958 CSO Mortality table 1. Write the actuarial equivalence formula 2. Find the annual premium payments. 3. What is the 5th year end reserve of this pension plan. 4. What is the 45th year end reserve of this pension plan. 5. If Ahmet Bey gives up his current rights 5 years after his retirement and wants a plan where he will be paid a pension for only 10 years at the beginning of each year, how much…
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