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John borrows 1000 for 10 years at an annual effective interest rate of 10%. He can repay this loan using the amortization method with equal size payments of P at the end of each year. Instead, John repays the 1000 using a sinking fund that pays an annual effective rate of 14%. The deposits to the sinking fund are equal to P minus the interest on the loan and are made at the end of each year for the next 10 years. Determine the balance in the sinking fund immediately after the repayment of the loan.(a) 213 (b) 218 (c) 223 (d) 230 (e) 237
Solve the logarithmic equation algebraically.
A group of friends decided to rent a vacation home for a week. They each paid $70 towards the rent. If three more friends had joined them, the cost per person would have been reduced by $14. How many friends went on the trip?
What is the annual percentage yield of each CD?
Write down the fixed-end boundary conditions at x = 0 and x = 1 for the displacement u(x,t), and then deduce the boundary conditions for the functionF(x).
a small purse is full of coins. if you count them by twos, threes, or fives, there is one left. if you count them by sevens there will be none left. how many coins are in the purse?
What is the missing term in the geometric sequence?
Emilio has 6 more nickels than dimes, and the total value of his coins is $2.10. How many nickels does he have? Let n represent the number of nickels
(a) what is the probability that the total life of both batteries will exceed 760 hours? (b) what is the probability that the second battery will outlive the first by at least 25 hours?
Find the derivative of the function f(x) = xx. (Hint: x = eln x) and Use logarithmic differentiation to find the derivative of f(x) = (x - 2)3(-3x - 1)4/(x2 - 2)5
Find the equation of the tangent plane to the central conicoid x2 - 4y2 + 3z2 + 2 = 0 at the point (1,2,0). Find whether the plane 2x + 3y + 2z =3 touches the central conicoid 2x2 + 3y2 + z2 = 1 or not.
If Teague Company sells the machine on January 1, Year XXX3 for $120,000, how much loss or gain would that result in using straight-line method, units of production method and double-declining balance method of depreciation.
If the loan is to be amortized over 30 years, what monthly payment will the Taylor's be required to make? (Round your answers to the nearest cent.)
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