   Chapter 13.II, Problem 33RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Calculate the missing information for the following installment loans that are being paid off early. Number of Pay mints Payments Sum-of-the- Digits Payments Sum-of-the- Digits Number Rebate Payments Made Remaining Remaining of Payments Fraction 33. 12 4 _______ _________ ________ ________

To determine

To calculate: The payments remaining, sum-of-the-digits of the number of remaining payments, sum-of-the-digits of total number of payments and rebate fraction if payment made is 4 and number of payments are 12.

Explanation

Given Information:

The payment made is 4 and number of payments is 12.

Formula used:

Follow the steps to compute the rebate fraction:

Sum-of-the-digits formula is computed as follows:

Sum-of-the-digits=n(n+1)2

Where n represent the number of payment.

Compute the rebate fraction as follows:

Rebate fraction=Sum of the digits of the number of remaining paymentssum of the digits of the total number of payments

Calculation:

Consider that the payment made is 4 and numbers of payments are 12.

Compute the remaining payments by subtracting payment made from total payments.

Payment Remaining=124=8

Hence, the payments remaining are 8.

Compute the sum-of-the-digits of the number of remaining payments using the sum-of-digit formula.

Substitute the value of n as 8,

Sum-of-the-digits=n(n+1)2=8(8+1)2=36

Hence, the sum-of-the-digits of the number of remaining payments are 36

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Write the sum in expanded form. 5. k=042k12k+1

Single Variable Calculus: Early Transcendentals, Volume I

#### In Exercises 69-74, rationalize the numerator. 73. x2z3y

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

#### Can the matrices in Problems 5-8 be transition matrices? If not, why? 8.

Mathematical Applications for the Management, Life, and Social Sciences 