Finite Mathematics and Calculus with Applications (10th Edition)
Finite Mathematics and Calculus with Applications (10th Edition)
10th Edition
ISBN: 9780321979407
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 5, Problem 78RE

New Car In Spring 2014, some dealers offered a cash-back allowance of $4000 or 0% financing for 72 months on a Chevrolet Silverado. Source: cars.com.

  1. (a) Determine the payments on a Chevrolet Silverado if a buyer chooses the 0% financing option and needs to finance $30,000 for 72 months, Find the total amount of the payments.
  2. (b) Determine the payments on a Chevrolet Silverado if a buyer chooses the cash-back option and now needs to finance only $26,000. At the time, it was possible to get a new car loan at 3.18% for 48 months, compounded monthly. Find the total amount of the payments.
  3. (c) Discuss which deal is best and why.
  4. (d) Find the interest rate at the bank that would make the total amount of payments for the two options equal.
Blurred answer

Chapter 5 Solutions

Finite Mathematics and Calculus with Applications (10th Edition)

Ch. 5.1 - Prob. 3WECh. 5.1 - Prob. 4WECh. 5.1 - Prob. 1ECh. 5.1 - Prob. 2ECh. 5.1 - Prob. 3ECh. 5.1 - Prob. 4ECh. 5.1 - Prob. 5ECh. 5.1 - Prob. 6ECh. 5.1 - Prob. 7ECh. 5.1 - Prob. 8ECh. 5.1 - Prob. 9ECh. 5.1 - Prob. 10ECh. 5.1 - Prob. 11ECh. 5.1 - Prob. 12ECh. 5.1 - Prob. 13ECh. 5.1 - Prob. 14ECh. 5.1 - Prob. 15ECh. 5.1 - Prob. 16ECh. 5.1 - What is the difference between t and n?Ch. 5.1 - Prob. 18ECh. 5.1 - Prob. 19ECh. 5.1 - Prob. 20ECh. 5.1 - Prob. 21ECh. 5.1 - Prob. 22ECh. 5.1 - Prob. 23ECh. 5.1 - Prob. 24ECh. 5.1 - Prob. 25ECh. 5.1 - Prob. 26ECh. 5.1 - Prob. 27ECh. 5.1 - Prob. 28ECh. 5.1 - Prob. 29ECh. 5.1 - Prob. 30ECh. 5.1 - Prob. 31ECh. 5.1 - Prob. 32ECh. 5.1 - Prob. 33ECh. 5.1 - Prob. 34ECh. 5.1 - Find the present value (the amount that should be...Ch. 5.1 - Prob. 36ECh. 5.1 - Prob. 37ECh. 5.1 - Prob. 38ECh. 5.1 - Prob. 39ECh. 5.1 - Prob. 40ECh. 5.1 - Prob. 41ECh. 5.1 - Prob. 42ECh. 5.1 - Prob. 43ECh. 5.1 - Prob. 44ECh. 5.1 - Prob. 45ECh. 5.1 - Prob. 46ECh. 5.1 - For each of the following amounts at the given...Ch. 5.1 - Prob. 48ECh. 5.1 - Prob. 49ECh. 5.1 - Prob. 50ECh. 5.1 - Prob. 51ECh. 5.1 - Prob. 52ECh. 5.1 - Prob. 53ECh. 5.1 - Prob. 54ECh. 5.1 - Prob. 55ECh. 5.1 - Prob. 56ECh. 5.1 - Prob. 57ECh. 5.1 - Prob. 58ECh. 5.1 - Prob. 59ECh. 5.1 - Prob. 60ECh. 5.1 - Prob. 61ECh. 5.1 - Prob. 62ECh. 5.1 - Prob. 63ECh. 5.1 - Prob. 64ECh. 5.1 - Savings On January 1, 2010, Jack deposited 1000...Ch. 5.1 - Savings Eric deposits 100 into a savings account...Ch. 5.1 - Interest Bruce and Robbie each open new bank...Ch. 5.1 - Prob. 68ECh. 5.1 - Effective Rate In 2014, the Home Savings Bank paid...Ch. 5.1 - Prob. 70ECh. 5.1 - Prob. 71ECh. 5.1 - Prob. 72ECh. 5.1 - Prob. 73ECh. 5.1 - Prob. 74ECh. 5.1 - Prob. 75ECh. 5.1 - Prob. 76ECh. 5.1 - Prob. 77ECh. 5.1 - Prob. 78ECh. 5.1 - Prob. 79ECh. 5.1 - Prob. 80ECh. 5.2 - Prob. 1YTCh. 5.2 - Prob. 2YTCh. 5.2 - Prob. 3YTCh. 5.2 - Prob. 4YTCh. 5.2 - Prob. 1WECh. 5.2 - Prob. 2WECh. 5.2 - Prob. 1ECh. 5.2 - Prob. 2ECh. 5.2 - Prob. 3ECh. 5.2 - Prob. 4ECh. 5.2 - Prob. 5ECh. 5.2 - Prob. 6ECh. 5.2 - Prob. 7ECh. 5.2 - Prob. 8ECh. 5.2 - Prob. 9ECh. 5.2 - Prob. 10ECh. 5.2 - Prob. 11ECh. 5.2 - Prob. 12ECh. 5.2 - Prob. 13ECh. 5.2 - Prob. 14ECh. 5.2 - Explain how a geometric sequence is related to an...Ch. 5.2 - Prob. 16ECh. 5.2 - Prob. 17ECh. 5.2 - Prob. 18ECh. 5.2 - Prob. 19ECh. 5.2 - Prob. 20ECh. 5.2 - Find the future value of each ordinary annuity, if...Ch. 5.2 - Prob. 22ECh. 5.2 - Prob. 23ECh. 5.2 - Prob. 24ECh. 5.2 - Prob. 25ECh. 5.2 - Prob. 26ECh. 5.2 - Prob. 27ECh. 5.2 - Prob. 28ECh. 5.2 - Prob. 31ECh. 5.2 - Prob. 32ECh. 5.2 - Prob. 33ECh. 5.2 - Prob. 34ECh. 5.2 - Prob. 35ECh. 5.2 - Prob. 36ECh. 5.2 - Prob. 37ECh. 5.2 - Prob. 38ECh. 5.2 - Prob. 39ECh. 5.2 - Prob. 40ECh. 5.2 - Prob. 41ECh. 5.2 - Prob. 42ECh. 5.2 - Prob. 43ECh. 5.2 - Prob. 44ECh. 5.2 - Prob. 45ECh. 5.2 - Prob. 46ECh. 5.2 - Business and Economics 47. Comparing Accounts...Ch. 5.2 - Prob. 48ECh. 5.2 - Prob. 49ECh. 5.2 - Prob. 50ECh. 5.2 - Retirement Planning At the end of each quarter, a...Ch. 5.2 - Prob. 52ECh. 5.2 - Prob. 53ECh. 5.2 - Prob. 54ECh. 5.2 - Prob. 55ECh. 5.2 - Prob. 56ECh. 5.2 - Prob. 57ECh. 5.2 - Prob. 58ECh. 5.2 - Prob. 59ECh. 5.2 - Prob. 60ECh. 5.2 - Prob. 61ECh. 5.2 - Savings Nic Daubenmire deposits 10,000 at the...Ch. 5.2 - In Exercises 63 and 64, use a graphing calculator...Ch. 5.2 - Prob. 64ECh. 5.2 - Lottery In a 1992 Virginia lottery, the jackpot...Ch. 5.2 - Buying Real Estate Erin DAquanni sells some land...Ch. 5.2 - Prob. 67ECh. 5.2 - Prob. 68ECh. 5.3 - Prob. 1YTCh. 5.3 - Prob. 2YTCh. 5.3 - Prob. 3YTCh. 5.3 - Prob. 4YTCh. 5.3 - Prob. 1WECh. 5.3 - Prob. 2WECh. 5.3 - Prob. 1ECh. 5.3 - Prob. 2ECh. 5.3 - Prob. 3ECh. 5.3 - Prob. 4ECh. 5.3 - Prob. 5ECh. 5.3 - Prob. 6ECh. 5.3 - Prob. 7ECh. 5.3 - Prob. 8ECh. 5.3 - Prob. 9ECh. 5.3 - Prob. 10ECh. 5.3 - Prob. 11ECh. 5.3 - Prob. 12ECh. 5.3 - Find (a) the payment necessary to amortize each...Ch. 5.3 - Prob. 14ECh. 5.3 - Prob. 15ECh. 5.3 - Prob. 16ECh. 5.3 - Prob. 17ECh. 5.3 - Prob. 18ECh. 5.3 - Prob. 19ECh. 5.3 - Prob. 20ECh. 5.3 - Prob. 21ECh. 5.3 - Prob. 22ECh. 5.3 - Prob. 23ECh. 5.3 - Prob. 24ECh. 5.3 - Prob. 25ECh. 5.3 - Prob. 26ECh. 5.3 - Prob. 27ECh. 5.3 - Prob. 28ECh. 5.3 - Prob. 29ECh. 5.3 - Prob. 30ECh. 5.3 - Suppose that in the loans described in Exercises...Ch. 5.3 - Prob. 32ECh. 5.3 - Prob. 33ECh. 5.3 - Suppose that in the loans described in Exercises...Ch. 5.3 - Prob. 35ECh. 5.3 - Prob. 36ECh. 5.3 - Prob. 37ECh. 5.3 - Prob. 38ECh. 5.3 - Prob. 39ECh. 5.3 - New Car Financing In 2014, some dealers offered...Ch. 5.3 - Prob. 41ECh. 5.3 - Prob. 42ECh. 5.3 - Prob. 43ECh. 5.3 - Prob. 44ECh. 5.3 - Prob. 45ECh. 5.3 - Prob. 46ECh. 5.3 - Prob. 47ECh. 5.3 - Prob. 48ECh. 5.3 - House Payments Jason Hoffa buys a house for...Ch. 5.3 - Prob. 50ECh. 5.3 - Refinancing a Mortgage Fifteen years ago. the...Ch. 5.3 - Prob. 52ECh. 5.3 - Prob. 53ECh. 5.3 - A loan of 37,948 with interest at 6.5% compounded...Ch. 5.3 - Prob. 55ECh. 5.3 - Prob. 56ECh. 5.3 - Prob. 57ECh. 5 - Determine whether each of the following statements...Ch. 5 - Prob. 2RECh. 5 - Prob. 3RECh. 5 - Prob. 4RECh. 5 - Prob. 5RECh. 5 - Prob. 6RECh. 5 - Determine whether each of the following statements...Ch. 5 - Prob. 8RECh. 5 - Prob. 9RECh. 5 - Prob. 10RECh. 5 - Prob. 11RECh. 5 - Prob. 12RECh. 5 - Prob. 13RECh. 5 - Prob. 14RECh. 5 - Prob. 15RECh. 5 - Prob. 16RECh. 5 - Prob. 17RECh. 5 - Prob. 18RECh. 5 - Prob. 19RECh. 5 - Prob. 20RECh. 5 - Prob. 21RECh. 5 - Prob. 22RECh. 5 - Prob. 23RECh. 5 - Prob. 24RECh. 5 - Prob. 25RECh. 5 - Prob. 26RECh. 5 - Prob. 27RECh. 5 - Prob. 28RECh. 5 - Prob. 29RECh. 5 - Prob. 30RECh. 5 - Prob. 31RECh. 5 - Prob. 32RECh. 5 - Prob. 33RECh. 5 - Prob. 34RECh. 5 - Prob. 35RECh. 5 - Prob. 36RECh. 5 - Prob. 37RECh. 5 - Prob. 38RECh. 5 - Prob. 39RECh. 5 - Prob. 40RECh. 5 - Prob. 41RECh. 5 - Prob. 42RECh. 5 - Prob. 43RECh. 5 - Prob. 44RECh. 5 - Prob. 45RECh. 5 - Prob. 46RECh. 5 - Prob. 47RECh. 5 - Prob. 48RECh. 5 - Prob. 49RECh. 5 - Prob. 50RECh. 5 - Prob. 51RECh. 5 - Prob. 52RECh. 5 - Prob. 53RECh. 5 - Prob. 54RECh. 5 - Prob. 55RECh. 5 - Prob. 56RECh. 5 - Prob. 57RECh. 5 - Prob. 58RECh. 5 - Prob. 59RECh. 5 - Prob. 60RECh. 5 - Prob. 61RECh. 5 - Prob. 62RECh. 5 - Prob. 63RECh. 5 - Prob. 64RECh. 5 - Prob. 65RECh. 5 - Prob. 66RECh. 5 - Business Investment A developer deposits 84,720...Ch. 5 - Prob. 68RECh. 5 - Prob. 69RECh. 5 - Prob. 70RECh. 5 - Prob. 71RECh. 5 - Prob. 72RECh. 5 - Prob. 73RECh. 5 - Prob. 74RECh. 5 - Prob. 75RECh. 5 - Prob. 76RECh. 5 - Prob. 77RECh. 5 - New Car In Spring 2014, some dealers offered a...Ch. 5 - Prob. 79RECh. 5 - Prob. 80RECh. 5 - Prob. 81RE
Knowledge Booster
Background pattern image
Calculus
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY