Questions from Financial Algebra


Q: Luisa purchased a used car for D dollars. The car depreciates

Luisa purchased a used car for D dollars. The car depreciates exponentially at a rate of E% per year. Write an expression for the value of the car in 5 years, in A years, and in M months.

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Q: A graphing calculator has determined this exponential regression equation based on car

A graphing calculator has determined this exponential regression equation based on car value data: y = a∗ bx 5, a = 20,952.11, and b = 0.785 5. What is the rate of depreciation for this car? How much...

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Q: A graphing calculator has determined this exponential regression equation based on car

A graphing calculator has determined this exponential regression equation based on car value data: y = a∗ bx, a = 18,547.23 5, and b = 0.86255. What is the rate of depreciation for this car? How much...

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Q: The historical prices of a car are recorded for 11 years as

The historical prices of a car are recorded for 11 years as shown. a. Construct a scatter plot for the data. b. Determine the exponential depreciation equation that models this data. Round to the n...

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Q: Carly took a $7,000, 3-year loan

Carly took a $7,000, 3-year loan with an APR of 3.15%. a. What is the monthly payment? Round to the nearest cent. b. What is the total amount of the monthly payments? c. What is the finance charge?...

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Q: What does this quote mean to you when viewed in the context

What does this quote mean to you when viewed in the context of what you learned in this section?

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Q: / Which of the following matrix operations are defined?

Which of the following matrix operations are defined?

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Q: Andrew and Meghan moved into an apartment in the city and pay

Andrew and Meghan moved into an apartment in the city and pay $2,700 rent per month. The landlord told them the rent has increased 11.1% per year on average. a. Express the rent y as an exponential f...

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Q: Maria borrowed $120,000 from a bank when she bought

Maria borrowed $120,000 from a bank when she bought her co-op for $156,000. The price dropped x dollars since she bought it. She now owes the bank $114,000, which is more than she could sell the co-op...

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Q: Monthly rent at Countryside Co-ops has increased annually, modeled

Monthly rent at Countryside Co-ops has increased annually, modeled by the exponential equation y = 2,155(1.062)x-1 . What was the percent increase per year?

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