Question

please set up the polynomial function (if any) and solve the following: Suppose you owe $800...

please set up the polynomial function (if any) and solve the following:

Suppose you owe $800 on your credit card and decide to pay only the minimum payment each month. The balance y $ that you will have after x months is given by the equation : y=800(0.9898)^x

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that you owe $2,000 on a credit card that charges 18% APR and you pay...
Suppose that you owe $2,000 on a credit card that charges 18% APR and you pay either the minimum 10% or $20, whichever is higher, every month. How long will it take you to eliminate the debt? Assume that the bank uses the previous-balance method to calculate your interest, meaning that the bank does not subtract the amount of your payment from the beginning balance but charges you interest on the previous balance solve without excel
"First, think twice before you add that purchase to your credit card. If you charged your...
"First, think twice before you add that purchase to your credit card. If you charged your $2500 spring break trip to your credit card or if you and your spouse just splurged for a $2500 flat-screen television and charged it to your credit card, at 18% interest it would take you 34 years and six months to pay it off if you paid a 2% minimum balance and never charged another penny to your credit card." Set-up an amortization table...
Set up the following BVP wave problem and solve it. Suppose there is a string of...
Set up the following BVP wave problem and solve it. Suppose there is a string of length L coinciding on the x-axis from 0 ≤ x ≤ L. The ends are secured to the x-axis, and the string is released from rest from the initial displacement f(x) Solve the wave equation
Suppose you work in a lab. You need a 15% acid solution for a certain test,...
Suppose you work in a lab. You need a 15% acid solution for a certain test, but your supplier only ships a 10% solution and 30% solution. Rather than pay the hefty surcharge to have the supplier make a 15% solution, you decide to mix 10% solution with 30% solution to make your own 15% solution. You need 10 liters of the 15% acid. How many liters of 10% solution and 30% solution should you use? Set up the systems...
Set up a differential equation (with initial conditions!) and solve the differential equation in order to...
Set up a differential equation (with initial conditions!) and solve the differential equation in order to answer the following problem (you must also precisely explain what your variables x and y represent prior to writing down any computations). You are a police detective investigating a murder case. The first thing you must determine for this case is the time of death. Here’s what you know: The body was found at 9:00pm and its temperature at that time was 60°F. The...
x=2−t, y=2t+1; −1≤t≤1 (a) Sketch the parametrized curve using any method, but you must explain your...
x=2−t, y=2t+1; −1≤t≤1 (a) Sketch the parametrized curve using any method, but you must explain your thinking in clear sentences, or show mathematical work. Pay attention to the given domain. (b) Choose one of (i) or (ii) below – only one will be graded. i. Set up and solve an integral for the arc length of this curve OR ii. Calculate the equation of the tangent line to this curve at some point (tell the reader which point you chose!)...
You decide to set-up a lemonade stand outside AT&T Park before a Giant’s game. You conduct...
You decide to set-up a lemonade stand outside AT&T Park before a Giant’s game. You conduct extensive market research and discover that if you charge $1 / glass, you will sell 10,000 glasses; if you charge $6 / glass, you will sell 5,000 glasses. At the beginning of the season, you purchased all of the equipment you need (the stand, pitchers, mixers, etc.) for $500. This equipment has no resale value. You estimate that each glass of lemonade will require...
Please use Excel to answer the following TVM questions. You can use this spreadsheet to set...
Please use Excel to answer the following TVM questions. You can use this spreadsheet to set up your calculations if you so desire. Unless indicated otherwise, assume that all of the problems are ordinary annuities (payment made at the end of the period).        Part 5 A company is going to issue debt in the form of bonds. The bonds will pay $50 every 6 months to the bond investor. The bonds have a 10 year term and when the bonds...
Suppose that you have the following production function: Y=9K0.5N0.5. With this production function the marginal product...
Suppose that you have the following production function: Y=9K0.5N0.5. With this production function the marginal product of labor is MPN=4.5K0.5N-0.5 (hint: firms pay workers MPN so this equals w). The capital stock is K=25. The labor supply curve is NS=100[(1-t)]w]2 , where w is the real wage, t is the tax on income, and hence (1-t)w is the after-tax real wage rate. a) Graphically draw (a rough sketch is fine) of the labor market and production function. Show graphically the...
Option #1: Time Value of Money Personal Finance Application Your friend Sue has asked you to...
Option #1: Time Value of Money Personal Finance Application Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for her finances and how she can set herself up for financial success! She has an after tax income of $48,000 and budgets $30,000 for necessary expenses. This leaves $18,000 to spend on debt and savings annually. (Assume all annuity payments are in the form of ordinary...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT