Questions from Financial Algebra

Q: Is it possible for a linear regression line to go through every

Is it possible for a linear regression line to go through every point on a scatter plot? Is it possible for a linear regression line to not go through any point on a scatter plot? Explain

Q: Ron did not pay his credit card bill in full last month

Ron did not pay his credit card bill in full last month. He wants to pay it in full this month. On this month’s bill, there is a mistake in the average daily balance. The credit card company lists the...

Q: The terms of Medina’s credit card state that the APR is 17

The terms of Medina’s credit card state that the APR is 17.4%, and if a payment is not received by the due date, the APR will increase by w percent. The credit card company received Medina’s payment 3...

Q: Construct a scatter plot using the year number as the x-

Construct a scatter plot using the year number as the x-coordinate and catalog album sales as the y-coordinate. Use 0 < x < 8 as the x-axis interval and 100 < y < 220 as the y-axis interval. a. Use t...

Q: Express the missing entries in the debit card register algebraically.

Express the missing entries in the debit card register algebraically.

Q: Ronaldo is retiring from his government job. His annual pension will

Ronaldo is retiring from his government job. His annual pension will be $61,000, which he will receive every year until he dies. However, he has a choice to make. If he agrees to take a 10% reduction...

Q: Jill’s credit card was stolen. The thief charged a $900

Jill’s credit card was stolen. The thief charged a $900 kayak on the card before she reported it stolen. a. How much of the thief’s purchase is Jill responsible for? b. Jill’s average daily balance...

Q: Kristin’s credit rating was lowered, and the credit card company raised

Kristin’s credit rating was lowered, and the credit card company raised her APR from 14% to 15.2%. If her average daily balance this month is x dollars, express algebraically the increase in this mont...

Q: It is important to check your credit card bill each month.

It is important to check your credit card bill each month. In the next section, you will carefully examine a credit card statement and learn how to look for errors. Most people would notice a major, e...

Q: The My-Tunes song app sells music downloads. Over the

The My-Tunes song app sells music downloads. Over the past few years, the service has lowered its prices. The table shows the price per song and the number of songs downloaded per day at that price....