The table shows monthly payments on a $1000 loan. Monthly Payments (dollars) per $1000 Loan Interest (%) SETESEN ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ O No 5 6 row Monthly CLLLL 10 11 12 24 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 43.87 44.32 44.77 45.23 45.68 46.14 46.61 ▬▬▬ 36 29.97 30.42 30.88 31.34 31.80 ..... ▬▬▬▬LIKE 32.27 Term (months) 42 26.00 26.46 26.91 27.38 27.84 28.32 28.79 29.28 32.74 47.07 33.21 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ST ..... H LLLLL 48 23.03 23.49 23.95 24.41 20.28 24.89 20.76 25.36 21.25 25.85 21.74 26.33 22.24 (a) Is it possible to find a cross-sectional model for monthly payments for a 28-month loan? Ⓒ Yes No If so, would this cross section be represented by a row or a column of the table? row O column It is not possible to find a cross-sectional model. 60 18.87 19.33 19.80 (b) Is it possible to find a cross-sectional model for monthly payments for a loan at 12%? Yes If so, would this cross section be represented by a row or a column of the table? O column It is not possible to find a cross-sectional model. (c) Find the quadratic function that completes the cross-sectional model for the monthly payment (in dollars) on a $1000 loan at an interest rate of 12% over a period of 2 months. (Report your function in terms of t with all numerical values rounded to three decimal places. m(t, 12) = dollars gives the monthly payment on a $1000 loan with an interest rate of 12% where t months is the repayment period and 24 sts 60. Use the full, unrounded, model to estimate the monthly payments for a 28-month loan at 12%. (Round your answer to the nearest cent.) $
The table shows monthly payments on a $1000 loan. Monthly Payments (dollars) per $1000 Loan Interest (%) SETESEN ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ O No 5 6 row Monthly CLLLL 10 11 12 24 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 43.87 44.32 44.77 45.23 45.68 46.14 46.61 ▬▬▬ 36 29.97 30.42 30.88 31.34 31.80 ..... ▬▬▬▬LIKE 32.27 Term (months) 42 26.00 26.46 26.91 27.38 27.84 28.32 28.79 29.28 32.74 47.07 33.21 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ST ..... H LLLLL 48 23.03 23.49 23.95 24.41 20.28 24.89 20.76 25.36 21.25 25.85 21.74 26.33 22.24 (a) Is it possible to find a cross-sectional model for monthly payments for a 28-month loan? Ⓒ Yes No If so, would this cross section be represented by a row or a column of the table? row O column It is not possible to find a cross-sectional model. 60 18.87 19.33 19.80 (b) Is it possible to find a cross-sectional model for monthly payments for a loan at 12%? Yes If so, would this cross section be represented by a row or a column of the table? O column It is not possible to find a cross-sectional model. (c) Find the quadratic function that completes the cross-sectional model for the monthly payment (in dollars) on a $1000 loan at an interest rate of 12% over a period of 2 months. (Report your function in terms of t with all numerical values rounded to three decimal places. m(t, 12) = dollars gives the monthly payment on a $1000 loan with an interest rate of 12% where t months is the repayment period and 24 sts 60. Use the full, unrounded, model to estimate the monthly payments for a 28-month loan at 12%. (Round your answer to the nearest cent.) $
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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calculus help please ? I ONLY NEED SUB PART C I HAVE DONE THE REST PLEASE DONT SAY "WE CAN ONLY DO THREE" I ONLY NEED ONE AT THE BOTTOM C
c) Find the quadratic function that completes the cross-sectional model for the monthly payment (in dollars) on a $1000 loan at an interest rate of 12% over a period of t months. (Report your function in terms of t with all numerical values rounded to three decimal places.
m(t,12) and full unrounded model help please
Transcribed Image Text:The table shows monthly payments on a $1000 loan.
Monthly Payments (dollars) per $1000 Loan
Interest (%)
SETESEN
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
O No
5
6
row
Monthly
CLLLL
10
11
12
24
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
43.87
44.32
44.77
45.23
45.68
46.14
46.61
▬▬▬
36
29.97
30.42
30.88
31.34
31.80
.....
▬▬▬▬LIKE
32.27
Term (months)
42
26.00
26.46
26.91
27.38
27.84
28.32
28.79
29.28
32.74
47.07 33.21
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
ST
.....
H
LLLLL
48
23.03
23.49
23.95
24.41
20.28
24.89
20.76
25.36
21.25
25.85
21.74
26.33 22.24
(a) Is it possible to find a cross-sectional model for monthly payments for a 28-month loan?
Ⓒ Yes
No
If so, would this cross section be represented by a row or a column of the table?
row
O column
It is not possible to find a cross-sectional model.
60
18.87
19.33
19.80
(b) Is it possible to find a cross-sectional model for monthly payments for a loan at 12%?
Yes
If so, would this cross section be represented by a row or a column of the table?
O column
It is not possible to find a cross-sectional model.
(c) Find the quadratic function that completes the cross-sectional model for the monthly payment (in dollars) on a $1000 loan at an interest rate of 12% over a period of 2 months. (Report your function in
terms of t with all numerical values rounded to three decimal places.
m(t, 12) =
dollars gives the monthly payment on a $1000 loan with an interest rate of 12% where t months is the repayment period and 24 sts 60.
Use the full, unrounded, model to estimate the monthly payments for a 28-month loan at 12%. (Round your answer to the nearest cent.)
$
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