Plan #1 allows the renter to pay less when they first moce in and more at the end of the yearly lease. Plan #2 increases the monthly payment, but the starting rent is higher, and the monthly increase is more gradual. The rent in Plab #1 is 300 for the first month, with rent rising by $50 each month threw the yearm The rent in plan 2 starts at 500 and rises by only $25 each month.    How you would find the first month when plaj #1 has a higher monthlybrent then plan #2. How would you cslculate the different in total cost between the two

Sove the problem.  Ted owes $2000 to Mary. The loan is payable in 1 year at 10%. Mary needs cash, so 2 months before the loan is payable she goes to her bank which will pay her the maturity value of the note less at 14% discount fee. Find the amount Mary will receive.

Please help: A savings plan James begins a savings plan in which he deposits $100 at the beginning of each month into an account that earns 9% interest annually or, equivalently, 0.75% per month. To be clear, on the first day of each month, the bank adds 0.75% of the current balance as interest, and then James deposits $100. Let Bn be the balance in the account after the nth payment, where Bn = $0. Write the first five terms of the sequence {Bn}. Find a recurrence relation that generates the sequence {Bn}. How many months are needed to reach a balance of $5000?

Sascha owns stock in Lewis Corp and she bought a $5,000 corporate bond. She received $52.50 in quarterly interest from the bond. Sascha also owns stock in Lewis Corp which is worth $46 per share, and it pays a $2 annual dividend.   Part A Which is higher, the yield on the stock or the annual interest rate on the bond? Show your work and explain how you determined your solution.   Part B If the bond matures in seven years, how much will Lewis Corp have paid Sascha in total?   Part C If Sascha owns 1,500 shares of Lewis Corp, how much would she receive in annual dividends? Part D If Lewis Corp later offers corporate bonds at an annual interest rate that is one percent higher than half the  of the bond Sascha bought, create an equation that models the quarterly interest earned, q, for any given bond face value, v.