Questions from Financial Algebra

Q: Use spreadsheets to compare these situations after 5 years. Total paid

Use spreadsheets to compare these situations after 5 years. Total paid and total paid to the principal for a $250,000, 20-year mortgage with a 4.75% APR Total amount paid for a $2,100 monthly rent th...

Q: Use spreadsheets to compare these situations after 10 years. Total paid

Use spreadsheets to compare these situations after 10 years. Total paid and total paid to the principal for a $300,000, 15-year mortgage with a 4.35% APR Total amount paid for a $2,600 monthly rent t...

Q: A car originally sold for $25,900. It depreciates

A car originally sold for $25,900. It depreciates exponentially at a rate of 8.2% per year. Nina put $10,000 down and pays $550 per month. After how many years will her car value equal the amount she...

Q: Chantel’s car originally sold for $46,600. It depreciates

Chantel’s car originally sold for $46,600. It depreciates exponentially at a rate of 10.3% per year. Chantel put $12,000 down and pays $800 per month to pay off the balance. After how many years will...

Q: Examine the revenue (black) and expense (blue) functions

Examine the revenue (black) and expense (blue) functions. Estimate the price at the maximum profit. Explain your reasoning.

Q: The following circle graphs give the proportional breakdowns of two investors’ diversified

The following circle graphs give the proportional breakdowns of two investors’ diversified portfolios. a. Which investor is more aggressive? Explain. b. Which is Jillianâ
...

Q: When sold as a new car in the 1950s, the price

When sold as a new car in the 1950s, the price of a specific classic car was $13,074. It depreciated in value over the next few years. Then, in 1977, something interesting began to happen, as seen in...

Q: A car vehicle price history for a certain make and model contains

A car vehicle price history for a certain make and model contains the following list of yearly price values: $21,000 $18,900 $17,010 $15,309 $13,778.1 $12,400.29 The original price of the car was $21...

Q: Examine this geometric sequence of depreciating car values: $20

Examine this geometric sequence of depreciating car values: $20,000 $18,400 $16,928 $15,573.76 If the original price of the car was $20,000, what is the depreciation rate? What will the car be worth...

Q: The number of days each licensed driver in Marion County uses a

The number of days each licensed driver in Marion County uses a commuter rail line annually is normally distributed with mean 66 and standard deviation 21. a. How many days must a driver use a commut...