Concept explainers
a.
By using the model to approximate the lengths of a mortgage.
a.
Answer to Problem 77E
Explanation of Solution
Given information:
The model
Use the model to approximate the lengths of a
Calculation:
Here, the model given is:
Now, when
Hence, the length is
Now, when
Hence, the length is
b.
To approximate the total amounts paid over the term of the mortgage.
b.
Answer to Problem 77E
Explanation of Solution
Given information:
The model
Approximate the total amounts paid over the term of the mortgage with a monthly payment of
Calculation:
Here, the total amounts paid over the term of mortgage with a monthly payment of:
Hence, the amount is
Now, when
Hence, the amount is
c.
To approximate the total interest charges.
c.
Answer to Problem 77E
Explanation of Solution
Given information:
The model
Approximate the total interest charges for a monthly payment of
Calculation:
Here, the interest charged for:
Hence, the interest is
Now, when
Hence, the interest is
d.
To find the vertical asymptote for the model.
d.
Answer to Problem 77E
Explanation of Solution
Given information:
The model
What is the vertical asymptote for the model? Interpret its meaning in the context of the problem.
Calculation:
Hence, the vertical asymptote of the model is
Chapter 3 Solutions
EBK PRECALCULUS W/LIMITS
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning