Concept explainers
An Investment Portfolio The value of an investment portfolio consisting of two stocks is given by
a. What is the initial dollar amount invested?
b. What is the value of the portfolio after
c. At what rate is the investment appreciating after
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
CALCULUS+ITS APPLICATIONS
- The annual percentage yield (APY) of an investmentaccount is a representation ofthe actual interest rateearned on a compounding account. It is based on acompounding period of one year. Show that the APYof an account that compounds monthly can be foundwith the formula APY=(1+r12)121.arrow_forwardDepreciation Once a new car is driven away from the dealer, it begins to lose value. Each year, a car loses 10% of its value. This means that each year the value of a car is 90% of the previous year’s value. If a new car was purchased for $20,000, the value at the end of the first year would be $20000(0.90) and the value of the car after the end of the second year would be $20000(0.90)2. Complete the table shown below. What will be the value of the car at the end of the eighth year? Simplify the expression, to show the value in dollars.arrow_forwardWebsite Growth The number y of hits a new website receives each month can be modeled by y=4080ekt, where t represents the number of months the website has been operating. In the website’s third month, there were 10,000 hits. Find the value of k, and use this value to predict the number of hits the website will receive after 24 months.arrow_forward
- Continued This is a continuation of Exercise 13. As we saw earlier, the stock turnover rate of an item is the number of times that the average inventory of the item needs to be replaced as a result of sales in a given time period. Suppose that a hardware store sells 80 shovels each year. a. Suppose that the hardware store maintains an average inventory of 5 shovels. What is the annual stock turnover rate for the shovels? How is this related to the yearly number of orders to the wholesaler needed to restock inventory? b. What would he the annual stock turnover rate if the store maintained an average inventory of 20 shovels? c. Write a formula expressing the annual stock turnover rate as a function of the average inventory of shovels, identify the function and the variable, and state the units.arrow_forwardPopulation Growth and Decline The table gives the population in a small coastal community for the period 1997-2006. Figures shown arc for January 1 in each year. (a) What was the average rate of change of population between 1998 and 2001? (b) What was the average rate of change of population between 2002 and 2004? (C) For what period of lime was the population increasing? (d) For what period of time was the population decreasing?arrow_forward
- Big Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning