Finite Math with Applications
Finite Math with Applications MATH 1313
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This 12 page Class Notes was uploaded by Alvena McDermott on Saturday September 19, 2015. The Class Notes belongs to MATH 1313 at University of Houston taught by Staff in Fall. Since its upload, it has received 21 views. For similar materials see /class/208424/math-1313-university-of-houston in Mathmatics at University of Houston.
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Date Created: 09/19/15
ps4doneink Math 1313 Online Summer 2009 12 pm ps4doneink Accumulation w Simple Interest Simple Interest 1 Prr A Plrr Present Value w Compound Interest P AI 139 Present Value of an Annuity P RrioHr l 1 Amortization Fund hi punyquot Effective Rate r m r 17 71 g E m Future Value w Compound Interest A P1i Future Value of an Annuity S I Sinking Fund R SIquot 1z39 1 ps4doneink Example 7 Tom and Ierripa39 house They also have 1 f t a 315 p2 house that they pur h ed orlginally cost R moo quotA 00935 L 0 I 2 f F F L l p2 z E 30 LHO39QQ 0490 39 h a A A J 3W3 MOD c0655r1 m 3 q L 17563 5 moccOD VVk 5 mortgage 39 SLO ps4doneink Example 8 Betsy estimates that she spendsmon cigarettes She decides that s invest the monthly amount spent on cigarettes in an account earning quot At the end 0 she will donate the interest earned on her account to money can the charity expect to get in 5 years R 5 0 t 5 Sari he will quit and A agei 1 her favorite charity L we u M 4 quotMI 1 3 How much 00 LVquot 003333 M 3 ll 50 393 k Leo 0o391quot59 0311 asquot 35 L 7 in I SOw gt inkeJuk Accummlc tt Slg Kp gs ps4doneink Example 5 Business partners Bill and Bob buy an apartment house down payment of n 39 39 r 39 ancing the 39 1 at The interest rate on the debtl f0 y making a over the next low much is their Lz Anal3 39I EA thA Q 37 10oov l39 L L 0 D gt9 3G L quot use0 39 6 quot Lgt L 39 3 L amp til unpran b DSFS m g 347 bkquot ps4doneink Diana won a small jackpot in Las Vegas and has decided to invest her win ngs which total after paying taxes Her credit union will pay 6 1 39 1v ow much will be in her account at the end 0 R lqagoo ruin Utiw Lu partan 131mi L 0333 kekwrtbk o J g h 6 sad130 0 0 t A t 3 33 I34 N or ps4doneink Edward wants to start a savings plan through his credit union at work He decides to p nto the account that pa 5 mm 0 annual interest 1 How much w1 he have in the account at the end 0 392 g 95mquot Vail AMkAD C 395 5quotquot A rv m 1 s K lH L IL 395 a 55 col133 was b7 dT q g L L T 00 33quot 1419 ps4doneink David wants to buy a new car for cash lle decides to set as39d some money each month to help his achieve this goal He thinks the car he quot wag s to buy will cost quot How much should he deposit each month ifhis bank pays annual interest c 39 139 7 T5 SMth RM t 39 33 quots at 7 V l 00593 3 7 3 Dab goJOOOL R K 5 0 w L 06393 i3 3L 533 ps4doneink Geor e nioney available in2 pear tquot 9 5 r5 R memx Va w LoComrounrl LAMA wants to have fgg i e pay for a cruise he plans to take His bank paysmj 3 13 How much should he deposit today in order to have the m ll p MWL k1 Y hlL l 5 000 l 02 ASjooo 39 v 0515 x 0 3 5 j qsn was ps4doneink The bank financed the purchase for She made a We payment 2 b LTD 9 J k V L39j ergiw ab 1ampO1 1lt 0 Li J1 24 1 i b31 5 r 0 400 0 O TDI QVIWquot J SC S ps4doneink m How much money should she deposit each month to have the money availab le e H graduates 11W 392 gt 4913 mg 3 gt em 3 gm 3mg XML 005 Sc L k 2 uQ A M YL I t3 5 00039 33 VL 39 If 3 1R l 12902 ps4doneink x s v wants to be sure to have the funds available In 3 years PU 39gt GI k0b0 wit 63 mAU IL 004 H 1 S000 quot39 54 L TL 009 LI 1 Q1H3495 443725
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