Annual interest with monthly compounding
You have a $15,000, 5 year installment loan for your car. The bank charges you 8% annual interest with monthly compounding. What is your monthly payment?
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Determine simpler formulas equivalent to these formulas. Show steps and the Law used in each step.
A bus company carries 8,000 daily riders each paying 80 cents foe each ride. A survey describes that each 20-cent increase will result in 500 fewer daily riders. If the fare raises are only considered in 20-increments. How many 20-cent increments
Let the following function be the total cost of producing q items. C(q)=0.04q^3-3q^2+75q+96. Find the average cost per items as a function of q.
Determine a recurrence relation for the number of ways to go n miles by fast walking at 2 miles per hour or jogging at 4 miles per hour or running at 8 miles per hour; at the end of each hour a choice is made of how to go the next hour.
A piece of equipment will be purchased for $50,000. It has life of 15 years. If has estimated scrap value of $5000. Determine the capitalized cost of this equipment assuming 10% annual interest rate with annual compounding?
Funds are deposited in an account at 12% annual interest rate compounded semiannually. How much must be deposited in the account to have $10,000 in 10 years?
Compute the higher degree derivatives till it becomes zero: f(x) = 2x^6 + 5x^4 - 2x^3 + x^2 - 10 f(x) = 8x^4 - 4x^3 + 5x^2 + x + 2.
Let S be a finite set with |S| = N and let c1, c2, c3, c4 be four conditions, each of which may be satisfied by one or more of the elements of S. Prove that N(c2c3c4) = N(c1c2c3c4) + N(c1c2c3c4).
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