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Question: Clark and Lana take a 30-year home mortgage of $121,000 at 7.8%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1000 per month.
(a) Find their regular monthly payment.
(b) Find the unpaid balance when they begin paying the $1000.
(c) How many payments of $1000 will it take to pay off the loan?
(d) How much interest will they save by paying the loan in this way?
In bottle production, bubbles that appear in the glass are considered defects. Any bottle that has more than two bubbles is classified as "nonconforming".
Using a two-person/two-good exchange model, show with diagrams that: the competitive equilibrium is Pareto optimal.
Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departments.
There are circumstances for which duster sampling methods provide access to specific groups within a population. Do your own research on this method.
Consider a single-server system with two types of jobs. The system has a limited capacity of three total jobs in the system at any time.
Write the math program along with the constraints - Find the approximate minimum cost flow for the following network using the math program - Who should win the bids for the following lanes in a combinatorial auction?
Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste and operating..
Suppose that stars are distributed in space according to a 3-dimensional Poisson process with parameter λ (for simplicity, take space to be R3 without worrying about whether the universe is finite or infinite). You are at the origin. Find the distri..
An empirical study suggests that a brewery's weekly sales of beer are determined by the average air temperature given that the price of beer, income.
Consider the example of the CalcIt Company for Problem. Suppose that the buttons used in the calculators cost $0.02 each and the company estimates a fixed cost.
A simple random sample of 400 individuals provides 100 Yes responses. What is the point estimate of the proportion of the population that would provide.
Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 75% more money per hour than a highschool.
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