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CalculusCalculus: An Applied Approach (MindTap Course List)10th Edition

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Chapter 7.3, Problem 54E
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Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

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Problem 1CP
Problem 2CP
Problem 3CP
Problem 4CP
Problem 5CP
Problem 1SWU
Problem 2SWU
Problem 3SWU
Problem 4SWU
Problem 5SWU
Problem 6SWU
Problem 7SWU
Problem 8SWU
Problem 9SWU
Problem 10SWU
Problem 1E
Problem 2E
Problem 3E
Problem 4E
Problem 5E
Problem 6E
Problem 7E
Problem 8E
Problem 9E
Problem 10E
Problem 11E
Problem 12E
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Problem 14E
Problem 15E
Problem 16E
Problem 17E
Problem 18E
Problem 19E
Problem 20E
Problem 21E
Problem 22E
Problem 23E
Problem 24E
Problem 25E
Problem 26E
Problem 27E
Problem 28E
Problem 29E
Problem 30E
Problem 31E
Problem 32E
Problem 33E
Problem 34E
Problem 35E
Problem 36E
Problem 37E
Problem 38E
Problem 39E
Problem 40E
Problem 41E
Problem 42E
Problem 43E
Problem 44E
Problem 45E
Problem 46E
Problem 47E
Problem 48E
Problem 49E
Problem 50E
Problem 51E
Problem 52E
Problem 53E
Problem 54E
Problem 55E
BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
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Monthly Payments You are taking out a car loan for $16,000, and you are given the options below. Find the monthly payment and the total amount of money you will pay for each loan. Which option would you choose? Explain your reasoning.

(a) A fixed annual rate of 5%, over a term of 3 years.

(b) A fixed annual rate of 3.5%, over a term of 4 years.

(a)

To determine

To calculate: The monthly payment and the total amount of money pay for a fixed rate of change 5%, over a term a term of 3 years.

Explanation

Given information:

The amount of car loan is $16,000

The fixed rate of change 5%, over a term a term of 3 years.

Formula used:

The monthly payment for mortgage P annual rate of r% over the time t.

M=(P⋅r12)1−[1(1+r12)]12t

Total payment=The total monthly payment×Time

Calculation:

Consider the given information

The amount of car is $16,000 and the fixed rate of change 5%, over a term a term of 3 years.

Substitute, $16,000 for P, 5% for r and 3 for t in monthly payment formula

M=(16,000⋅(0

(b)

To determine

To calculate: The monthly payment and the total amount of money pay for a fixed rate of change 7%, over a term a term of 30 years.

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Sect-7.1 P-1CPSect-7.1 P-2CPSect-7.1 P-3CPSect-7.1 P-4CPSect-7.1 P-5CPSect-7.1 P-6CPSect-7.1 P-7CPSect-7.1 P-1SWUSect-7.1 P-2SWUSect-7.1 P-3SWU
Sect-7.1 P-4SWUSect-7.1 P-5SWUSect-7.1 P-6SWUSect-7.1 P-7SWUSect-7.1 P-8SWUSect-7.1 P-1ESect-7.1 P-2ESect-7.1 P-3ESect-7.1 P-4ESect-7.1 P-5ESect-7.1 P-6ESect-7.1 P-7ESect-7.1 P-8ESect-7.1 P-9ESect-7.1 P-10ESect-7.1 P-11ESect-7.1 P-12ESect-7.1 P-13ESect-7.1 P-14ESect-7.1 P-15ESect-7.1 P-16ESect-7.1 P-17ESect-7.1 P-18ESect-7.1 P-19ESect-7.1 P-20ESect-7.1 P-21ESect-7.1 P-22ESect-7.1 P-23ESect-7.1 P-24ESect-7.1 P-25ESect-7.1 P-26ESect-7.1 P-27ESect-7.1 P-28ESect-7.1 P-29ESect-7.1 P-30ESect-7.1 P-31ESect-7.1 P-32ESect-7.1 P-33ESect-7.1 P-34ESect-7.1 P-35ESect-7.1 P-36ESect-7.1 P-37ESect-7.1 P-38ESect-7.1 P-39ESect-7.1 P-40ESect-7.1 P-41ESect-7.1 P-42ESect-7.1 P-43ESect-7.1 P-44ESect-7.2 P-1CPSect-7.2 P-2CPSect-7.2 P-3CPSect-7.2 P-1SWUSect-7.2 P-2SWUSect-7.2 P-3SWUSect-7.2 P-4SWUSect-7.2 P-5SWUSect-7.2 P-6SWUSect-7.2 P-1ESect-7.2 P-2ESect-7.2 P-3ESect-7.2 P-4ESect-7.2 P-5ESect-7.2 P-6ESect-7.2 P-7ESect-7.2 P-8ESect-7.2 P-9ESect-7.2 P-10ESect-7.2 P-11ESect-7.2 P-12ESect-7.2 P-13ESect-7.2 P-14ESect-7.2 P-15ESect-7.2 P-16ESect-7.2 P-17ESect-7.2 P-18ESect-7.2 P-19ESect-7.2 P-20ESect-7.2 P-21ESect-7.2 P-22ESect-7.2 P-23ESect-7.2 P-24ESect-7.2 P-25ESect-7.2 P-26ESect-7.2 P-27ESect-7.2 P-28ESect-7.2 P-35ESect-7.2 P-36ESect-7.2 P-37ESect-7.2 P-38ESect-7.2 P-39ESect-7.2 P-40ESect-7.2 P-41ESect-7.2 P-42ESect-7.2 P-43ESect-7.2 P-44ESect-7.2 P-45ESect-7.2 P-46ESect-7.2 P-47ESect-7.2 P-48ESect-7.2 P-49ESect-7.2 P-50ESect-7.2 P-51ESect-7.3 P-1CPSect-7.3 P-2CPSect-7.3 P-3CPSect-7.3 P-4CPSect-7.3 P-5CPSect-7.3 P-1SWUSect-7.3 P-2SWUSect-7.3 P-3SWUSect-7.3 P-4SWUSect-7.3 P-5SWUSect-7.3 P-6SWUSect-7.3 P-7SWUSect-7.3 P-8SWUSect-7.3 P-9SWUSect-7.3 P-10SWUSect-7.3 P-1ESect-7.3 P-2ESect-7.3 P-3ESect-7.3 P-4ESect-7.3 P-5ESect-7.3 P-6ESect-7.3 P-7ESect-7.3 P-8ESect-7.3 P-9ESect-7.3 P-10ESect-7.3 P-11ESect-7.3 P-12ESect-7.3 P-13ESect-7.3 P-14ESect-7.3 P-15ESect-7.3 P-16ESect-7.3 P-17ESect-7.3 P-18ESect-7.3 P-19ESect-7.3 P-20ESect-7.3 P-21ESect-7.3 P-22ESect-7.3 P-23ESect-7.3 P-24ESect-7.3 P-25ESect-7.3 P-26ESect-7.3 P-27ESect-7.3 P-28ESect-7.3 P-29ESect-7.3 P-30ESect-7.3 P-31ESect-7.3 P-32ESect-7.3 P-33ESect-7.3 P-34ESect-7.3 P-35ESect-7.3 P-36ESect-7.3 P-37ESect-7.3 P-38ESect-7.3 P-39ESect-7.3 P-40ESect-7.3 P-41ESect-7.3 P-42ESect-7.3 P-43ESect-7.3 P-44ESect-7.3 P-45ESect-7.3 P-46ESect-7.3 P-47ESect-7.3 P-48ESect-7.3 P-49ESect-7.3 P-50ESect-7.3 P-51ESect-7.3 P-53ESect-7.3 P-54ESect-7.3 P-55ESect-7.4 P-1CPSect-7.4 P-2CPSect-7.4 P-3CPSect-7.4 P-4CPSect-7.4 P-5CPSect-7.4 P-6CPSect-7.4 P-7CPSect-7.4 P-1SWUSect-7.4 P-2SWUSect-7.4 P-3SWUSect-7.4 P-4SWUSect-7.4 P-5SWUSect-7.4 P-6SWUSect-7.4 P-7SWUSect-7.4 P-8SWUSect-7.4 P-9SWUSect-7.4 P-10SWUSect-7.4 P-1ESect-7.4 P-2ESect-7.4 P-3ESect-7.4 P-4ESect-7.4 P-5ESect-7.4 P-6ESect-7.4 P-7ESect-7.4 P-8ESect-7.4 P-9ESect-7.4 P-10ESect-7.4 P-11ESect-7.4 P-12ESect-7.4 P-13ESect-7.4 P-14ESect-7.4 P-15ESect-7.4 P-16ESect-7.4 P-17ESect-7.4 P-18ESect-7.4 P-19ESect-7.4 P-20ESect-7.4 P-21ESect-7.4 P-22ESect-7.4 P-23ESect-7.4 P-24ESect-7.4 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P-2SWUSect-7.7 P-3SWUSect-7.7 P-4SWUSect-7.7 P-5SWUSect-7.7 P-6SWUSect-7.7 P-7SWUSect-7.7 P-8SWUSect-7.7 P-1ESect-7.7 P-2ESect-7.7 P-3ESect-7.7 P-4ESect-7.7 P-5ESect-7.7 P-6ESect-7.7 P-7ESect-7.7 P-8ESect-7.7 P-9ESect-7.7 P-10ESect-7.7 P-11ESect-7.7 P-12ESect-7.7 P-13ESect-7.7 P-14ESect-7.7 P-15ESect-7.7 P-16ESect-7.7 P-17ESect-7.7 P-18ESect-7.7 P-19ESect-7.7 P-20ESect-7.7 P-21ESect-7.7 P-22ESect-7.7 P-23ESect-7.7 P-24ESect-7.7 P-25ESect-7.7 P-26ESect-7.7 P-27ESect-7.7 P-28ESect-7.7 P-29ESect-7.7 P-30ESect-7.8 P-1CPSect-7.8 P-2CPSect-7.8 P-3CPSect-7.8 P-4CPSect-7.8 P-5CPSect-7.8 P-6CPSect-7.8 P-1SWUSect-7.8 P-2SWUSect-7.8 P-3SWUSect-7.8 P-4SWUSect-7.8 P-5SWUSect-7.8 P-6SWUSect-7.8 P-7SWUSect-7.8 P-8SWUSect-7.8 P-9SWUSect-7.8 P-10SWUSect-7.8 P-11SWUSect-7.8 P-12SWUSect-7.8 P-13SWUSect-7.8 P-14SWUSect-7.8 P-15SWUSect-7.8 P-16SWUSect-7.8 P-1ESect-7.8 P-2ESect-7.8 P-3ESect-7.8 P-4ESect-7.8 P-5ESect-7.8 P-6ESect-7.8 P-7ESect-7.8 P-8ESect-7.8 P-9ESect-7.8 P-10ESect-7.8 P-11ESect-7.8 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Pieces vs. Cuts One straight cut through a thick piece of cheese produces two pieces. Two straight cuts can pro...

Mathematical Excursions (MindTap Course List)

Evaluate the integral, if it exists. csc2x1+cotxdx

Single Variable Calculus: Early Transcendentals

Factor completely: 2y2+7y99

Elementary Technical Mathematics

Let G be a group of order pq, where p and q are primes. Prove that any nontrivial subgroup of G is cyclic.

Elements Of Modern Algebra

In Exercise 13and 14, complete each proof. Given: HJKL and HKHL See figure below Prove: KJJL PROOF Statements R...

Elementary Geometry For College Students, 7e

Solve the following exercises and word problems using formulas. Principal Time Period (years) Nominal Rate Int...

Contemporary Mathematics for Business & Consumers

Graph one complete cycle of each of the following. In each case, label the axes accurately and identify the amp...

Trigonometry (MindTap Course List)

Finding Points of Intersection Using Technology In Exercises 63-66, use a graphing utility to find the points o...

Calculus of a Single Variable

Probability In Exercises 77 and 78, the random variable n represents the number of units of a product sold per ...

Calculus: Early Transcendental Functions (MindTap Course List)

In Exercises 1-8, find the amount future value of each ordinary annuity. 1500/semiannual period for 8 years at ...

Finite Mathematics for the Managerial, Life, and Social Sciences

In Exercises 21 to 30, use the drawings, where provided, to solve each problem, Angle measures should be found ...

Elementary Geometry for College Students

CONCEPT CHECK Parametric and Symmetric EquationsGive the parametric equations and the symmetric equations of a ...

Multivariable Calculus

Solve y″ − 2y′ + 2 = 0, y(0) = 2, y′(0) = 1. y = e−x(cos x − 2 sin x) y = e−x(2 cos x − sin x) y = ex(cos x − 2...

Study Guide for Stewart's Multivariable Calculus, 8th

Cantor Set The Cantor set (Georg Cantor, 1845-1918) is a subset of the unit interval [0, 1]. To construct the C...

Calculus (MindTap Course List)

For the family of functions f(x) = x2 ax, each function is: a) a parabola through (0, 0) and (a, 0). b) is con...

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

Rotated Ellipse Write the equation for the ellipse rotated /6 radian clockwise from the ellipse r=88+5cos

Calculus

Fewer young people are driving. In 1983, 87% of 19-year-olds had a drivers license. Twenty-five years later tha...

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

According to the National Education Association (NEA), teachers generally spend more than 40 hours each week wo...

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Applications. Explain why the denominator of a rational expression cannot be 0.

College Algebra (MindTap Course List)

Identify the basic features of a between-subjects research design.

Research Methods for the Behavioral Sciences (MindTap Course List)

In a study of bacterial concentration in surface and subsurface water (Pb and Bacteria in a Surface Microlayer,...

Introduction To Statistics And Data Analysis

Write an equation for each of the following problems, solve for the unknown, and check. All dimensions are in m...

Mathematics For Machine Technology

In addition to the key words, you should also be able to define the following terms: Third-variable problem Pla...

Research Methods for the Behavioral Sciences (MindTap Course List)

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