Chapter 13.II, Problem 37RE

BuyFind*arrow_forward*

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 |
|||||||

37. |
48 | 8 | _______ | _________ | ________ | ________ |

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 number of payments are

Explanation

**Given Information:**

The numbers of payments are

**Formula used:**

Follow the steps to compute the rebate fraction:

Sum-of-the-digits formula is computed through the formula:

Where *n* represent the number of payment.

Compute the rebate fraction as follows:

**Calculation:**

Consider numbers of payments are

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

Hence, the payment remaining is

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

Substitute

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

Sect-13.I P-1TIESect-13.I P-2TIESect-13.I P-3TIESect-13.I P-1RESect-13.I P-2RESect-13.I P-3RESect-13.I P-4RESect-13.I P-5RESect-13.I P-6RESect-13.I P-7RE

Sect-13.I P-8RESect-13.I P-9RESect-13.I P-10RESect-13.I P-11RESect-13.I P-12RESect-13.I P-13RESect-13.I P-14RESect-13.I P-15RESect-13.I P-16RESect-13.I P-17RESect-13.I P-18RESect-13.II P-4TIESect-13.II P-5TIESect-13.II P-6TIESect-13.II P-7TIESect-13.II P-8TIESect-13.II P-9TIESect-13.II P-1RESect-13.II P-2RESect-13.II P-3RESect-13.II P-4RESect-13.II P-5RESect-13.II P-6RESect-13.II P-7RESect-13.II P-8RESect-13.II P-9RESect-13.II P-10RESect-13.II P-11RESect-13.II P-12RESect-13.II P-13RESect-13.II P-14RESect-13.II P-15RESect-13.II P-16RESect-13.II P-17RESect-13.II P-18RESect-13.II P-19RESect-13.II P-20RESect-13.II P-21RESect-13.II P-22RESect-13.II P-23RESect-13.II P-24RESect-13.II P-25RESect-13.II P-26RESect-13.II P-27RESect-13.II P-28RESect-13.II P-29RESect-13.II P-30RESect-13.II P-31RESect-13.II P-32RESect-13.II P-33RESect-13.II P-34RESect-13.II P-35RESect-13.II P-36RESect-13.II P-37RESect-13.II P-38RESect-13.II P-39RESect-13.II P-40RESect-13.II P-41RESect-13.II P-42RESect-13.II P-43RESect-13.II P-44RESect-13.II P-45RESect-13.II P-46RESect-13.II P-47RESect-13.II P-48RESect-13.II P-49RESect-13.II P-50RESect-13.II P-51RESect-13.II P-52RESect-13.II P-53RESect-13.II P-54RESect-13.II P-55RECh-13 P-1CRCh-13 P-2CRCh-13 P-3CRCh-13 P-4CRCh-13 P-5CRCh-13 P-6CRCh-13 P-7CRCh-13 P-8CRCh-13 P-9CRCh-13 P-10CRCh-13 P-11CRCh-13 P-12CRCh-13 P-13CRCh-13 P-14CRCh-13 P-1ATCh-13 P-2ATCh-13 P-3ATCh-13 P-4ATCh-13 P-5ATCh-13 P-6ATCh-13 P-7ATCh-13 P-8ATCh-13 P-9ATCh-13 P-10ATCh-13 P-11ATCh-13 P-12ATCh-13 P-13ATCh-13 P-14ATCh-13 P-15AT

Elementary Technical Mathematics

Calculus (MindTap Course List)

Intermediate Algebra

Calculus: An Applied Approach (MindTap Course List)

Single Variable Calculus

Probability and Statistics for Engineering and the Sciences

Finite Mathematics and Applied Calculus (MindTap Course List)

Precalculus: Mathematics for Calculus (Standalone Book)

Elementary Geometry For College Students, 7e

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Calculus: Early Transcendental Functions

Applied Calculus

Calculus: Early Transcendentals

Statistics for The Behavioral Sciences (MindTap Course List)

Finite Mathematics

Understanding Basic Statistics

Mathematical Excursions (MindTap Course List)

Single Variable Calculus: Early Transcendentals, Volume I

Multivariable Calculus

Mathematical Applications for the Management, Life, and Social Sciences

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

Essentials Of Statistics

Calculus of a Single Variable

Calculus: Early Transcendental Functions (MindTap Course List)

Trigonometry (MindTap Course List)

Single Variable Calculus: Early Transcendentals

Elements Of Modern Algebra

Study Guide for Stewart's Multivariable Calculus, 8th

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Finite Mathematics for the Managerial, Life, and Social Sciences

Elementary Geometry for College Students

College Algebra (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Mathematics: A Practical Odyssey

Calculus (MindTap Course List)

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Introduction To Statistics And Data Analysis

Research Methods for the Behavioral Sciences (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Mathematics For Machine Technology