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Question: Sergeant Jess Frugal has the problem of running out of money near the end of each month (he gets paid once a month). Near his army base there is a payday lender company, called Predatory Lenders, Inc., that will give Jess a cash advance of $350 if he will repay the loan a month later with a post-dated check for $375. Almost as soon as Frugal's check for $375 clears the bank, he unfortunately must again borrow $350 to make ends meet. Jess's wife has gotten a bit concerned that her husband might be paying an exorbitant interest rate to this payday lender. Assuming Jess has repeated this borrowing and repayment scheme for 12 months in a row, what effective annual interest rate is he really paying? Is Jess's wife correct in her worry? Hint: Draw a cash-flow diagram from the viewpoint of the lender.
Dirichlet series
Every convergent sequence contains either an increasing, or a decreasing subsequence.
How many relations on A are both symmetric and antisymmetric?
Daily Airlines fies from Amsterdam to London every day. The price of a ticket for this extremely popular flight route is $75. The aircraft has a passenger capacity of 150.
How much money will Dave and Jane raise for charity
This question is asking you to compare the likelihood of your getting 4 or more subscribers in a sample of 50 when the probability of a subscription has risen from 0.02 to 0.06.] Talk about the comparison of probabilities in your explanation.
Skew-symmetric matrices
Describe the different type of taxes and their rates in Spokane WA.
Suppose that in the four player game, the person who rolls the smallest number pays $5.00 to the person who rolls the largest number. Calculate each player's expected gain after one round.
Find the probability density function.
Linear programming applied to Aggregate Production Planning of Flat Screen Monitor
Discrete-time model for an economy
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