Contemporary Mathematics for Business & Consumers
Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
bartleby

Concept explainers

Unitary Method
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…
bartleby

Videos

Question
Book Icon
Chapter 11.II, Problem 23RE
To determine

To calculate: The present value (principal) and the compound interest that has compound amount $4,500 made for 7 years at 3.8% interest compounded annually.

Expert Solution & Answer
Check Mark

Want to see the full answer?

Check out a sample textbook solution
Blurred answer
Previous
Chapter 11.II, Problem 22RE
Next
Chapter 11.II, Problem 24RE

Chapter 11 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 11.I - Gail Parker invested $10,000 at 6% interest...Ch. 11.I - Jenny Chao invested $20,000 at 6% interest...Ch. 11.I - Prob. 3TIECh. 11.I - Jill Quinn invested $7,000 in a certificate of...Ch. 11.I - Prob. 5TIECh. 11.I - Prob. 1RECh. 11.I - For the following investments, find the total...Ch. 11.I - For the following investments, find the total...Ch. 11.I - Prob. 4RECh. 11.I - Prob. 5RE
Ch. 11.I - Prob. 6RECh. 11.I - For the following investments, find the total...Ch. 11.I - Prob. 8RECh. 11.I - Prob. 9RECh. 11.I - Manually calculate the compound amount and...Ch. 11.I - Prob. 11RECh. 11.I - Prob. 12RECh. 11.I - Prob. 13RECh. 11.I - Prob. 14RECh. 11.I - Prob. 15RECh. 11.I - Prob. 16RECh. 11.I - Using Table 11-1, calculate the compound amount...Ch. 11.I - Prob. 18RECh. 11.I - Prob. 19RECh. 11.I - The following investments require table factors...Ch. 11.I - Prob. 21RECh. 11.I - Prob. 22RECh. 11.I - Prob. 23RECh. 11.I - Prob. 24RECh. 11.I - Prob. 25RECh. 11.I - For the following investments, compute the amount...Ch. 11.I - For the following investments, compute the amount...Ch. 11.I - Prob. 28RECh. 11.I - Solve the following word problems by using Table...Ch. 11.I - Prob. 30RECh. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Solve the following word problems by using Table...Ch. 11.I - Prob. 35RECh. 11.I - Solve the following exercises and word problems by...Ch. 11.I - Prob. 37RECh. 11.I - Prob. 38RECh. 11.I - 39. Gabriel Hopen, a 32-year-old commercial...Ch. 11.I - 40. The FernRod Motorcycle Company invested...Ch. 11.II - Prob. 6TIECh. 11.II - Calculate a new table factor and find the present...Ch. 11.II - Prob. 8TIECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 2RECh. 11.II - Prob. 3RECh. 11.II - Prob. 4RECh. 11.II - Prob. 5RECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 7RECh. 11.II - For the following investments, calculate the...Ch. 11.II - Prob. 9RECh. 11.II - Prob. 10RECh. 11.II - Prob. 11RECh. 11.II - The following investments require table factors...Ch. 11.II - The following investments require table factors...Ch. 11.II - Prob. 14RECh. 11.II - The following investments require table factors...Ch. 11.II - Prob. 16RECh. 11.II - Prob. 17RECh. 11.II - Solve the following word problems by using table...Ch. 11.II - Prob. 19RECh. 11.II - Solve the following word problems by using Table...Ch. 11.II - Prob. 21RECh. 11.II - Solve the following word problems by using table...Ch. 11.II - Prob. 23RECh. 11.II - Prob. 24RECh. 11.II - Solve the following exercises and word problems by...Ch. 11.II - Prob. 26RECh. 11.II - 27. Alana and Eva Rodriguez are planning a...Ch. 11.II - 28. Mike Gioulis would like to have $25,000 in 4...Ch. 11.II - You are the finance manager for Olympia...Ch. 11 - 1. Interest calculated solely on the principal is...Ch. 11 - Prob. 2CRCh. 11 - Prob. 3CRCh. 11 - Prob. 4CRCh. 11 - Prob. 5CRCh. 11 - Prob. 6CRCh. 11 - Prob. 7CRCh. 11 - A shortcut method for calculating approximately...Ch. 11 - Prob. 9CRCh. 11 - Prob. 10CRCh. 11 - Prob. 11CRCh. 11 - Prob. 12CRCh. 11 - Prob. 13CRCh. 11 - 14. To use the compound interest formula and the...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Using Table 11-1, calculate the compound amount...Ch. 11 - Prob. 4ATCh. 11 - Prob. 5ATCh. 11 - The following investments require table factors...Ch. 11 - Prob. 7ATCh. 11 - For the following investments, compute the amount...Ch. 11 - Prob. 9ATCh. 11 - Prob. 10ATCh. 11 - Calculate the present value (principal) and the...Ch. 11 - Prob. 12ATCh. 11 - Prob. 13ATCh. 11 - Prob. 14ATCh. 11 - Prob. 15ATCh. 11 - Prob. 16ATCh. 11 - Prob. 17ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 19ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 22ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 25ATCh. 11 - Solve the following word problems by using Table...Ch. 11 - Solve the following word problems by using Table...Ch. 11 - Prob. 28ATCh. 11 - Prob. 29ATCh. 11 - Prob. 30ATCh. 11 - Prob. 31ATCh. 11 - Prob. 32ATCh. 11 - Prob. 33ATCh. 11 - Prob. 34ATCh. 11 - Prob. 35ATCh. 11 - Prob. 36ATCh. 11 - Prob. 37ATCh. 11 - Quinn and Julius inherited $50,000 each from their...Ch. 11 - 39. Greg and Verena Sava need $20,000 in 3 years...
Knowledge Booster
Background pattern image
Math
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Text book image
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Text book image
Calculus Volume 1
Math
ISBN:9781938168024
Author:Strang, Gilbert
Publisher:OpenStax College
Text book image
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Text book image
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Text book image
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
SEE MORE TEXTBOOKS
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY