Finite Mathematics and Applied Calculus (MindTap Course List)
Finite Mathematics and Applied Calculus (MindTap Course List)
7th Edition
ISBN: 9781337274203
Author: Stefan Waner, Steven Costenoble
Publisher: Cengage Learning
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Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…
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Chapter 3.1, Problem 12E

In Exercises 11–16, find the present value of the given investment. [hinT: See Quick Example 7.]

An investment earns 5% per year and is worth $20,000 after 2 years.

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Section 3.2 (27) You want to buy a 10-year bond with a maturity value of $5000, and you wish to get a return of5.5%  annually. How much will you pay?
Section 3.2 (23) You $1000 deposit in an account at the Lifelong Trust Savings and Loan that pays 6% interest compounded quarterly. By how much will your deposit have grown after 4 years?
Section 3.3 (55) Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You can afford to put$1,200  per quarter into the fund, and you will work for  40 years before retiring. After you retire, you will be paid a quarterly pension based on a 25-year payout. How much will you receive each quarter?

Chapter 3 Solutions

Finite Mathematics and Applied Calculus (MindTap Course List)

Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...Ch. 3.1 - In Exercises 110, compute the simple interest for...
Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1116, find the present value of the...Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - Exercises 2328 are based on the following table,...Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Prob. 34ECh. 3.1 - In Exercises 1736, compute the specified quantity....Ch. 3.1 - Prob. 36ECh. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Prob. 39ECh. 3.1 - Prob. 40ECh. 3.1 - Prob. 41ECh. 3.1 - Stock Investments Exercises 3742 are based on the...Ch. 3.1 - Prob. 43ECh. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - Prob. 46ECh. 3.1 - Population Exercises 4348 are based on the...Ch. 3.1 - Prob. 48ECh. 3.1 - Treasury Bills In December 2008 (in the midst of...Ch. 3.1 - Prob. 50ECh. 3.1 - Prob. 51ECh. 3.1 - Treasury Bills At auction on August 18, 2005,...Ch. 3.1 - Prob. 53ECh. 3.1 - Prob. 54ECh. 3.1 - Prob. 55ECh. 3.1 - Prob. 56ECh. 3.1 - Prob. 57ECh. 3.1 - Prob. 58ECh. 3.1 - Prob. 59ECh. 3.1 - Prob. 60ECh. 3.1 - Prob. 61ECh. 3.1 - Prob. 62ECh. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 110, calculate, to the nearest cent,...Ch. 3.2 - Prob. 10ECh. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - Prob. 12ECh. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1116, calculate, to the nearest cent,...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - In Exercises 1722, find the effective annual...Ch. 3.2 - Savings You deposit $1,000 in an account at the...Ch. 3.2 - Investments You invest $10,000 in Rapid Growth...Ch. 3.2 - Depreciation: 2008 Financial Crisis During 2008...Ch. 3.2 - Depreciation: 2008 Financial Crisis During 2008...Ch. 3.2 - Bonds You want to buy a 10-year bond with a...Ch. 3.2 - Bonds You want to buy a 15-year bond with a...Ch. 3.2 - Investments When I was considering what to do with...Ch. 3.2 - Investments When I was considering what to do with...Ch. 3.2 - Depreciation During a prolonged recession,...Ch. 3.2 - Prob. 32ECh. 3.2 - Present Value Determine the amount of money, to...Ch. 3.2 - Prob. 34ECh. 3.2 - Stocks Six years ago, I invested some money in...Ch. 3.2 - Sales My recent marketing idea, the Miracle Algae...Ch. 3.2 - Exercises 3742 are based on the following table,...Ch. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Retirement Planning I want to be earning an annual...Ch. 3.2 - Retirement Planning I want to be earning an annual...Ch. 3.2 - Prob. 45ECh. 3.2 - Inflation...Ch. 3.2 - Inflation Housing prices have been rising 6% per...Ch. 3.2 - Prob. 48ECh. 3.2 - Constant Dollars Inflation is running 3% per year...Ch. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Inflation Exercises 5562 are based on the...Ch. 3.2 - Inflation Exercises 5562 are based on the...Ch. 3.2 - Prob. 57ECh. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - Prob. 63ECh. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.2 - Prob. 69ECh. 3.2 - Investments Determine when, to the nearest year,...Ch. 3.2 - Prob. 71ECh. 3.2 - Prob. 72ECh. 3.2 - Prob. 73ECh. 3.2 - Bonds Suppose that, in January 2040, you buy a...Ch. 3.2 - Prob. 75ECh. 3.2 - Prob. 76ECh. 3.2 - Prob. 77ECh. 3.2 - Prob. 78ECh. 3.2 - Prob. 79ECh. 3.2 - Prob. 80ECh. 3.2 - Prob. 81ECh. 3.2 - Prob. 82ECh. 3.2 - Prob. 83ECh. 3.2 - Prob. 84ECh. 3.2 - Prob. 85ECh. 3.2 - Prob. 86ECh. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - Prob. 4ECh. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 16, find the amount accumulated in...Ch. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - Prob. 8ECh. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - Prob. 10ECh. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - In Exercises 712, find the periodic payments...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - Prob. 16ECh. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1318, find the present value of the...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 1924, find the periodic withdrawals...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 28ECh. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 30ECh. 3.3 - In Exercises 2532, determine the periodic payments...Ch. 3.3 - Prob. 32ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 34ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 36ECh. 3.3 - In Exercises 3338, determine the outstanding...Ch. 3.3 - Prob. 38ECh. 3.3 - In Exercises 3944, determine the selling price,...Ch. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - Prob. 44ECh. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Prob. 46ECh. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Retirement Plans and Trusts Exercises 4554 are...Ch. 3.3 - Pensions Your pension plan is an annuity with a...Ch. 3.3 - Pensions Jennifers pension plan is an annuity with...Ch. 3.3 - Prob. 57ECh. 3.3 - Pensions Megs pension plan is an annuity with a...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Prob. 62ECh. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Life Insurance Exercises 5964 are based on the...Ch. 3.3 - Prob. 65ECh. 3.3 - Prob. 66ECh. 3.3 - Prob. 67ECh. 3.3 - Prob. 68ECh. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Prob. 70ECh. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Exercises 6576 are based on the following table,...Ch. 3.3 - Prob. 75ECh. 3.3 - Prob. 76ECh. 3.3 - Car Loans While shopping for a car loan, you get...Ch. 3.3 - Business Loans You need to take out a loan of...Ch. 3.3 - Prob. 79ECh. 3.3 - Prob. 80ECh. 3.3 - Prob. 81ECh. 3.3 - Note: In Exercises 81 and 82 we suggest the use of...Ch. 3.3 - Prob. 83ECh. 3.3 - Prob. 84ECh. 3.3 - Prob. 85ECh. 3.3 - Prob. 86ECh. 3.3 - In Exercises 8390, use a time value of money...Ch. 3.3 - Prob. 88ECh. 3.3 - Prob. 89ECh. 3.3 - In Exercises 8390, use a time value of money...Ch. 3.3 - Prob. 91ECh. 3.3 - Prob. 92ECh. 3.3 - Prob. 93ECh. 3.3 - Prob. 94ECh. 3.3 - Prob. 95ECh. 3.3 - Prob. 96ECh. 3.3 - Prob. 97ECh. 3.3 - Prob. 98ECh. 3.3 - Prob. 99ECh. 3.3 - Prob. 100ECh. 3 - In Exercises 16, find the future value of the...Ch. 3 - Prob. 2RECh. 3 - Prob. 3RECh. 3 - Prob. 4RECh. 3 - Prob. 5RECh. 3 - Prob. 6RECh. 3 - Prob. 7RECh. 3 - Prob. 8RECh. 3 - Prob. 9RECh. 3 - Prob. 10RECh. 3 - Prob. 11RECh. 3 - Prob. 12RECh. 3 - Prob. 13RECh. 3 - In Exercises 1318, find the amounts indicated. The...Ch. 3 - Prob. 15RECh. 3 - Prob. 16RECh. 3 - Prob. 17RECh. 3 - Prob. 18RECh. 3 - Prob. 19RECh. 3 - Prob. 20RECh. 3 - Prob. 21RECh. 3 - Prob. 22RECh. 3 - Prob. 23RECh. 3 - Prob. 24RECh. 3 - How much would you pay for a $10,000, 5-year, 6%...Ch. 3 - Prob. 26RECh. 3 - Prob. 27RECh. 3 - Prob. 28RECh. 3 - Stock Investments Exercises 2934 are based on the...Ch. 3 - Prob. 30RECh. 3 - Prob. 31RECh. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - Prob. 35RECh. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Prob. 38RECh. 3 - Prob. 39RECh. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Prob. 42RECh. 3 - Prob. 43RECh. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - Prob. 46RECh. 3 - Prob. 47RECh. 3 - Prob. 48RECh. 3 - Prob. 49RECh. 3 - Retirement Planning OHaganBooks.com has just...Ch. 3 - Prob. 51RECh. 3 - Prob. 52RECh. 3 - Prob. 53RECh. 3 - Prob. 54RECh. 3 - Prob. 55RECh. 3 - Prob. 56RE
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