Explanation Given: The contribution of $300 made at the end of each month for 5 years that pays interest 12% per year. Formula used: Sum of n terms of Geometric sequence: “The sum of first n terms of a geometric sequence is S n = a 1 ( 1 − r n ) 1 − r , r ≠ 1 , where a 1 is the first term of the sequence and r is the common ratio”. Calculation: The annuity forms a geometric sequence. From the given, it is observed the initial contribution is $300 ( a 1 = 300 ) for 5 years that is for 60 months ( n = 60 ). If the interest is 12% per year, then for each month it will be 1%. Find the second term a 2 as follows, Here, each month 1% increased with initial payment $300. a 2 = 300 + 300 ( 1 % ) = 300 + 300 ( 0.01 ) = 300 ( 1 + 0.01 ) = 300 ( 1.01 ) Find the second term a 3 as follows, Here, each month 1% increased with previous amount $ 300 ( 1.01 ) . a 2 = 300 ( 0

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences (5th Edition)

5th Edition

ISBN: 9780134179025

Author: Ronald J. Harshbarger, Lisa S. Yocco

Publisher: PEARSON

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Chapter 8, Problem 54RE

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To find: The future value of the annuity if it is compounded monthly.

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Chapter 8, Problem 53RE

Chapter 8, Problem 55RE

Chapter 8 Solutions

College Algebra in Context with Applications for the Managerial, Life, and Social Sciences (5th Edition)

Ch. 8.1 - In Exercises 16, graph each inequality. 1. y 5x ...Ch. 8.1 - Prob. 2E Ch. 8.1 - Prob. 3E Ch. 8.1 - Prob. 4E Ch. 8.1 - Prob. 5E Ch. 8.1 - Prob. 6E Ch. 8.1 - Prob. 7E Ch. 8.1 - Prob. 8E Ch. 8.1 - In Exercises 710, match each solution of a system...Ch. 8.1 - Prob. 10E

Ch. 8.1 - Prob. 11E Ch. 8.1 - In Exercises 1116, the graph of the boundary...Ch. 8.1 - Prob. 13E Ch. 8.1 - Prob. 14E Ch. 8.1 - Prob. 15E Ch. 8.1 - Prob. 16E Ch. 8.1 - Prob. 17E Ch. 8.1 - Prob. 18E Ch. 8.1 - For each system of inequalities in Exercises 1722,...Ch. 8.1 - Prob. 20E Ch. 8.1 - Prob. 21E Ch. 8.1 - Prob. 22E Ch. 8.1 - Prob. 23E Ch. 8.1 - In Exercises 2326, graph the solution of the...Ch. 8.1 - Prob. 25E Ch. 8.1 - In Exercises 2326, graph the solution of the...Ch. 8.1 - Prob. 27E Ch. 8.1 - Prob. 28E Ch. 8.1 - Prob. 29E Ch. 8.1 - Sales Trix Auto Sales sells used cars. To promote...Ch. 8.1 - Prob. 31E Ch. 8.1 - Prob. 32E Ch. 8.1 - Manufacturing A company manufactures two types of...Ch. 8.1 - Prob. 34E Ch. 8.1 - Production A firm produces three different-size...Ch. 8.1 - Advertising Tire Town is developing an advertising...Ch. 8.1 - Nutrition A privately owned lake contains two...Ch. 8.1 - Prob. 38E Ch. 8.1 - Prob. 39E Ch. 8.1 - Manufacturing Safeco Company produces two types of...Ch. 8.1 - Manufacturing A company manufactures commercial...Ch. 8.1 - Constructing a Box An open box with a square base...Ch. 8.2 - In Exercises 1-4, use the given feasible region...Ch. 8.2 - Prob. 2E Ch. 8.2 - Prob. 3E Ch. 8.2 - Prob. 4E Ch. 8.2 - Prob. 5E Ch. 8.2 - Prob. 6E Ch. 8.2 - Prob. 7E Ch. 8.2 - Find the maximum possible value of f = 400x + 300y...Ch. 8.2 - Prob. 9E Ch. 8.2 - Prob. 10E Ch. 8.2 - Find the maximum possible value of f = 80x + 160y...Ch. 8.2 - Prob. 12E Ch. 8.2 - Find the minimum possible value of g = 40x + 30y...Ch. 8.2 - Prob. 14E Ch. 8.2 - Prob. 15E Ch. 8.2 - Prob. 16E Ch. 8.2 - Prob. 17E Ch. 8.2 - Prob. 18E Ch. 8.2 - Manufacturing A company manufactures two types of...Ch. 8.2 - Manufacturing Evergreen Company produces two types...Ch. 8.2 - Prob. 21E Ch. 8.2 - Prob. 22E Ch. 8.2 - Prob. 23E Ch. 8.2 - Prob. 24E Ch. 8.2 - Prob. 25E Ch. 8.2 - Prob. 26E Ch. 8.2 - Prob. 27E Ch. 8.2 - Prob. 28E Ch. 8.2 - Prob. 29E Ch. 8.2 - Politics A political candidate wishes to use a...Ch. 8.2 - Prob. 31E Ch. 8.2 - Manufacturing Kitchen Pride manufactures toasters...Ch. 8.3 - Prob. 1E Ch. 8.3 - Prob. 2E Ch. 8.3 - Prob. 3E Ch. 8.3 - Find the first 5 terms of the sequence defined by...Ch. 8.3 - Prob. 5E Ch. 8.3 - Prob. 6E Ch. 8.3 - Prob. 7E Ch. 8.3 - Prob. 8E Ch. 8.3 - Prob. 9E Ch. 8.3 - Prob. 10E Ch. 8.3 - Prob. 11E Ch. 8.3 - Prob. 12E Ch. 8.3 - Prob. 13E Ch. 8.3 - Prob. 14E Ch. 8.3 - Prob. 15E Ch. 8.3 - Prob. 16E Ch. 8.3 - Salaries Suppose you are offered a job with a...Ch. 8.3 - Prob. 18E Ch. 8.3 - Prob. 19E Ch. 8.3 - Prob. 20E Ch. 8.3 - Prob. 21E Ch. 8.3 - Prob. 22E Ch. 8.3 - Prob. 23E Ch. 8.3 - Prob. 24E Ch. 8.3 - Prob. 25E Ch. 8.3 - Prob. 26E Ch. 8.3 - Prob. 27E Ch. 8.3 - Prob. 28E Ch. 8.3 - Prob. 29E Ch. 8.3 - Prob. 30E Ch. 8.3 - Prob. 31E Ch. 8.3 - Prob. 32E Ch. 8.3 - Prob. 33E Ch. 8.3 - Prob. 34E Ch. 8.3 - Prob. 35E Ch. 8.3 - Prob. 36E Ch. 8.3 - Prob. 37E Ch. 8.3 - Prob. 38E Ch. 8.3 - Prob. 39E Ch. 8.3 - Bouncing Ball A ball is dropped from 128 feet. It...Ch. 8.4 - Find the sum of the first 6 terms of the geometric...Ch. 8.4 - Prob. 2E Ch. 8.4 - Prob. 3E Ch. 8.4 - Find the sum of the first 20 terms of the...Ch. 8.4 - Find the sum of the first 15 terms of the...Ch. 8.4 - Prob. 6E Ch. 8.4 - Prob. 7E Ch. 8.4 - Prob. 8E Ch. 8.4 - Prob. 9E Ch. 8.4 - Prob. 10E Ch. 8.4 - Prob. 11E Ch. 8.4 - Prob. 12E Ch. 8.4 - Prob. 13E Ch. 8.4 - Prob. 14E Ch. 8.4 - Prob. 15E Ch. 8.4 - Prob. 16E Ch. 8.4 - Prob. 17E Ch. 8.4 - Prob. 18E Ch. 8.4 - Prob. 19E Ch. 8.4 - Prob. 20E Ch. 8.4 - Prob. 21E Ch. 8.4 - Prob. 22E Ch. 8.4 - Prob. 23E Ch. 8.4 - Salaries Suppose you are offered two identical...Ch. 8.4 - Prob. 25E Ch. 8.4 - Prob. 26E Ch. 8.4 - Prob. 27E Ch. 8.4 - Prob. 28E Ch. 8.4 - Prob. 29E Ch. 8.4 - Prob. 30E Ch. 8.4 - Prob. 31E Ch. 8.4 - Email Chain Letters Suppose the email chain letter...Ch. 8.4 - Prob. 33E Ch. 8.4 - Prob. 34E Ch. 8.4 - Prob. 35E Ch. 8.4 - Prob. 36E Ch. 8.4 - Prob. 37E Ch. 8.4 - Prob. 38E Ch. 8.4 - Prob. 39E Ch. 8.4 - Prob. 40E Ch. 8.4 - Prob. 41E Ch. 8.5 - Prob. 1E Ch. 8.5 - Prob. 2E Ch. 8.5 - Prob. 3E Ch. 8.5 - Prob. 4E Ch. 8.5 - Prob. 5E Ch. 8.5 - Prob. 6E Ch. 8.5 - Prob. 7E Ch. 8.5 - Prob. 8E Ch. 8.5 - Prob. 9E Ch. 8.5 - Prob. 10E Ch. 8.5 - Prob. 11E Ch. 8.5 - Prob. 12E Ch. 8.5 - Prob. 13E Ch. 8.5 - Prob. 14E Ch. 8.5 - Prob. 15E Ch. 8.5 - Prob. 16E Ch. 8.5 - Prob. 17E Ch. 8.5 - Prob. 18E Ch. 8.5 - Prob. 19E Ch. 8.5 - Prob. 20E Ch. 8.5 - Prob. 21E Ch. 8.5 - Prob. 22E Ch. 8.5 - Prob. 23E Ch. 8.5 - Prob. 24E Ch. 8.5 - Prob. 25E Ch. 8.5 - Prob. 26E Ch. 8.5 - Prob. 27E Ch. 8.5 - Prob. 28E Ch. 8.5 - Prob. 29E Ch. 8.5 - Prob. 30E Ch. 8.5 - Prob. 31E Ch. 8.5 - Prob. 32E Ch. 8.5 - Prob. 33E Ch. 8.5 - Prob. 34E Ch. 8.5 - Prob. 35E Ch. 8.5 - Prob. 36E Ch. 8.5 - Prob. 37E Ch. 8.5 - Prob. 38E Ch. 8.5 - Prob. 39E Ch. 8.5 - Prob. 40E Ch. 8.5 - Prob. 41E Ch. 8.5 - Prob. 42E Ch. 8.5 - Prob. 43E Ch. 8.5 - Prob. 44E Ch. 8.5 - Prob. 45E Ch. 8.5 - Prob. 46E Ch. 8.5 - Prob. 47E Ch. 8.5 - Prob. 48E Ch. 8.5 - Prob. 49E Ch. 8.5 - Prob. 50E Ch. 8.5 - Prob. 51E Ch. 8.5 - Prob. 52E Ch. 8.5 - Prob. 53E Ch. 8.5 - Prob. 54E Ch. 8.5 - Prob. 55E Ch. 8.5 - Prob. 56E Ch. 8.6 - Prob. 1E Ch. 8.6 - Prob. 2E Ch. 8.6 - Prob. 3E Ch. 8.6 - Prob. 4E Ch. 8.6 - Prob. 5E Ch. 8.6 - Prob. 6E Ch. 8.6 - Prob. 7E Ch. 8.6 - Prob. 8E Ch. 8.6 - Prob. 9E Ch. 8.6 - Prob. 10E Ch. 8.6 - Prob. 11E Ch. 8.6 - Prob. 12E Ch. 8.6 - Prob. 13E Ch. 8.6 - Prob. 14E Ch. 8.6 - Prob. 15E Ch. 8.6 - Prob. 16E Ch. 8.6 - Prob. 17E Ch. 8.6 - Prob. 18E Ch. 8.6 - Prob. 19E Ch. 8.6 - Prob. 20E Ch. 8.6 - Prob. 21E Ch. 8.6 - Prob. 22E Ch. 8.6 - Prob. 23E Ch. 8.6 - Expand the following binomial powers. 24. (x y)7 Ch. 8.6 - Prob. 25E Ch. 8.6 - Prob. 26E Ch. 8.6 - Prob. 27E Ch. 8.6 - Prob. 28E Ch. 8.6 - Prob. 29E Ch. 8.6 - Prob. 30E Ch. 8.6 - Prob. 31E Ch. 8.6 - Prob. 32E Ch. 8.6 - Prob. 33E Ch. 8.6 - Prob. 34E Ch. 8.7 - Prob. 1E Ch. 8.7 - Prob. 2E Ch. 8.7 - Prob. 3E Ch. 8.7 - Prob. 4E Ch. 8.7 - Prob. 5E Ch. 8.7 - Prob. 6E Ch. 8.7 - Prob. 7E Ch. 8.7 - Prob. 8E Ch. 8.7 - Prob. 9E Ch. 8.7 - Prob. 10E Ch. 8.7 - Prob. 11E Ch. 8.7 - Prob. 12E Ch. 8.7 - Prob. 13E Ch. 8.7 - Prob. 14E Ch. 8.7 - Prob. 15E Ch. 8.7 - Prob. 16E Ch. 8.7 - Prob. 17E Ch. 8.7 - Prob. 18E Ch. 8.7 - Prob. 19E Ch. 8.7 - Prob. 20E Ch. 8.7 - Prob. 21E Ch. 8.7 - Prob. 22E Ch. 8.7 - Prob. 23E Ch. 8.7 - Prob. 24E Ch. 8.7 - Prob. 25E Ch. 8.7 - Prob. 26E Ch. 8.7 - Prob. 27E Ch. 8.7 - Prob. 28E Ch. 8.7 - Prob. 29E Ch. 8.7 - Prob. 30E Ch. 8.7 - Prob. 31E Ch. 8.7 - Prob. 32E Ch. 8.7 - Prob. 33E Ch. 8.7 - Prob. 34E Ch. 8.7 - Prob. 35E Ch. 8.7 - In Exercises 3336, write the equation of the shape...Ch. 8.7 - Prob. 37E Ch. 8.7 - Prob. 38E Ch. 8.7 - Write the equation of the circle that is tangent...Ch. 8.7 - Prob. 40E Ch. 8.7 - Prob. 41E Ch. 8.7 - Prob. 42E Ch. 8.7 - Prob. 43E Ch. 8.7 - Prob. 44E Ch. 8.7 - Prob. 45E Ch. 8.7 - Prob. 46E Ch. 8.7 - Prob. 47E Ch. 8.7 - Prob. 48E Ch. 8.7 - Prob. 49E Ch. 8.7 - Prob. 50E Ch. 8.7 - Prob. 51E Ch. 8.7 - Prob. 52E Ch. 8.7 - Prob. 53E Ch. 8.7 - Prob. 54E Ch. 8.7 - In Exercises 4160, graph each equation. 55. 4x2 +...Ch. 8.7 - Prob. 56E Ch. 8.7 - Prob. 57E Ch. 8.7 - Prob. 58E Ch. 8.7 - Prob. 59E Ch. 8.7 - Prob. 60E Ch. 8.7 - Bridges A cable of a suspension bridge is...Ch. 8.7 - Prob. 62E Ch. 8.7 - Prob. 63E Ch. 8.7 - Prob. 64E Ch. 8.8 - Prob. 1E Ch. 8.8 - Prob. 2E Ch. 8.8 - Prob. 3E Ch. 8.8 - Prob. 4E Ch. 8.8 - Prob. 5E Ch. 8.8 - Prob. 6E Ch. 8.8 - Prob. 7E Ch. 8.8 - Prob. 8E Ch. 8.8 - Prob. 9E Ch. 8.8 - Prob. 10E Ch. 8.8 - Prob. 11E Ch. 8.8 - Prob. 12E Ch. 8.8 - Prob. 13E Ch. 8.8 - Prob. 14E Ch. 8.8 - Prob. 15E Ch. 8.8 - Prob. 16E Ch. 8.8 - Prob. 17E Ch. 8.8 - Prob. 18E Ch. 8.8 - Prob. 19E Ch. 8.8 - Prob. 20E Ch. 8.8 - Sketch the graph of the ellipse with center at (0,...Ch. 8.8 - Prob. 22E Ch. 8.8 - Prob. 23E Ch. 8.8 - Prob. 24E Ch. 8.8 - Prob. 25E Ch. 8.8 - Prob. 26E Ch. 8.8 - Prob. 27E Ch. 8.8 - Prob. 28E Ch. 8.8 - Prob. 29E Ch. 8.8 - Prob. 30E Ch. 8.8 - Prob. 31E Ch. 8.8 - Prob. 32E Ch. 8.8 - Prob. 33E Ch. 8.8 - Prob. 34E Ch. 8.8 - Prob. 35E Ch. 8.8 - Prob. 36E Ch. 8.8 - Prob. 37E Ch. 8.8 - Prob. 38E Ch. 8.8 - Prob. 39E Ch. 8.8 - Prob. 40E Ch. 8.8 - Prob. 41E Ch. 8.8 - Prob. 42E Ch. 8.8 - Prob. 43E Ch. 8.8 - Prob. 44E Ch. 8.8 - Prob. 45E Ch. 8.8 - Prob. 46E Ch. 8.8 - Prob. 47E Ch. 8.8 - Prob. 48E Ch. 8.8 - Prob. 49E Ch. 8.8 - Prob. 50E Ch. 8.8 - Prob. 51E Ch. 8.8 - Prob. 52E Ch. 8.8 - Prob. 53E Ch. 8.8 - Prob. 54E Ch. 8 - Prob. 1RE Ch. 8 - Prob. 2RE Ch. 8 - Prob. 3RE Ch. 8 - Prob. 4RE Ch. 8 - Prob. 5RE Ch. 8 - Prob. 6RE Ch. 8 - Prob. 7RE Ch. 8 - Prob. 8RE Ch. 8 - Prob. 9RE Ch. 8 - Prob. 10RE Ch. 8 - Prob. 11RE Ch. 8 - Prob. 12RE Ch. 8 - Prob. 13RE Ch. 8 - Prob. 14RE Ch. 8 - Prob. 15RE Ch. 8 - Prob. 16RE Ch. 8 - Prob. 17RE Ch. 8 - Find the sum of the first 12 terms of the sequence...Ch. 8 - Prob. 19RE Ch. 8 - Prob. 20RE Ch. 8 - Prob. 21RE Ch. 8 - Prob. 22RE Ch. 8 - Write f(x) = 8x3 + 5x1 + 4x with no negative...Ch. 8 - Prob. 24RE Ch. 8 - Prob. 25RE Ch. 8 - Prob. 26RE Ch. 8 - Prob. 27RE Ch. 8 - Prob. 28RE Ch. 8 - Prob. 29RE Ch. 8 - Prob. 30RE Ch. 8 - Prob. 31RE Ch. 8 - Prob. 32RE Ch. 8 - Prob. 33RE Ch. 8 - Prob. 34RE Ch. 8 - Prob. 35RE Ch. 8 - Prob. 36RE Ch. 8 - Prob. 37RE Ch. 8 - Prob. 38RE Ch. 8 - Prob. 39RE Ch. 8 - Prob. 40RE Ch. 8 - Prob. 41RE Ch. 8 - Prob. 42RE Ch. 8 - Prob. 43RE Ch. 8 - Manufacturing Ace Manufacturing produces two types...Ch. 8 - Prob. 45RE Ch. 8 - Prob. 46RE Ch. 8 - Manufacturing A company manufactures leaf blowers...Ch. 8 - Profits A woman has a building with 60 two-bedroom...Ch. 8 - Prob. 49RE Ch. 8 - Prob. 50RE Ch. 8 - Prob. 51RE Ch. 8 - Prob. 52RE Ch. 8 - Prob. 53RE Ch. 8 - Prob. 54RE Ch. 8 - Prob. 55RE Ch. 8 - Bridges The towers of a suspension bridge are 800...Ch. 8 - Prob. 57RE Ch. 8 - Prob. 58RE

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The future value of the annuity if it is compounded monthly.

Solution Summary: The author calculates the future value of the annuity if it is compounded monthly. The initial contribution is 300 for 5 years that pays interest 12% per year.

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Chapter 8 Solutions