Questions from Financial Algebra

Q: Audrey purchases a riding lawnmower using a 2-year, no

Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express the...

Q: Some stores offer a rent-to-own plan. The

Some stores offer a rent-to-own plan. The customer makes a down payment, receives the merchandise at time of purchase, and makes monthly payments. The sum of the monthly payments is lower than the cos...

Q: The piecewise function describes a newspaper’s classified ad rates.

The piecewise function describes a newspaper’s classified ad rates. a. If x represents the number of lines, and y represents the cost, translate the function into words. b. If the...

Q: Omar wants to open an account for his grandchildren that he hopes

Omar wants to open an account for his grandchildren that he hopes will have $80,000 in it after 20 years. How much must he deposit now into an account that yields 1.75% interest, compounded monthly, s...

Q: Darlene purchases $20,000 worth of stock on her broker’s

Darlene purchases $20,000 worth of stock on her broker’s advice and pays her broker a 1.5% broker fee. She sells her stock when it increases to $28,600 two years later, and uses a discount broker who...

Q: Write the sigma notation mean formula for the 4 consecutive days that

Write the sigma notation mean formula for the 4 consecutive days that would have the lowest mean of the week. Elizabeth wants to change cell phone plans. Before contacting the service provider, she ma...

Q: The following inequalities give information on your credit scores. Let x

The following inequalities give information on your credit scores. Let x represent your credit score. • If x > 700, your credit score is excellent. • If 680 < x < 700, your credit score is good. • If...

Q: Samantha’s grandfather is debt-free—he bought his car and

Samantha’s grandfather is debt-free—he bought his car and his house without taking out a loan. He saved and paid cash. He wanted to take out a loan to buy Samantha a car for college graduation. The ba...

Q: The following arithmetic sequence models an installment purchase. Give the down

The following arithmetic sequence models an installment purchase. Give the down payment, monthly payment, and length of the plan. 400, 510, 620, 730, 840, 950, 1,060.

Q: Medications are essential expenses. DeWitt has composed a price list of

Medications are essential expenses. DeWitt has composed a price list of antibiotics available at different pharmacies in his neighborhood. In reviewing his list, he can’t find the number of pharmacies...