Kathy purchased a new car for $37,800. From her research she has determined that it straight line
Question:
Kathy purchased a new car for $37,800. From her research she has determined that it straight line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan.
a. Create an expense and depreciation function where x represents the number of months.
b. Graph these functions on the same axes.
c. Interpret the region before, at, and after the intersection point in the context of this situation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
a Lets call the number of months x The expense function can be expressed as Expensex 37800 7000 14 y...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Kathy purchased a new car for $37,800. From her research she has determined that it straight-line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan....
-
Winnie purchased a new car for $54,000. She has determined that it straight line depreciates to zero over 10 years. When she purchased the car, she made an $8,000 down payment and financed the rest...
-
Kathy Stonewall bought a new car for $15,458. A dealer's financing was available through a local bank at an interest rate of 11.5% compounded monthly. Dealer financing required a 10% down payment and...
-
Tatum is a consultant at R.G. & Company (R.G.), a global consulting firm. She has enjoyed the past few years working at the company. As an ambitious person, she has been focusing on her long-term...
-
Consider the following set of data: a. Obtain the estimated regression equation. b. Examine the coefficient of determination and the adjusted coefficient of determination. Does it seem that either of...
-
When a bus service reduces fares, a particular trip from New York City to Albany, New York, is very popular. A small bus can carry four passengers. The time between calls for tickets is exponentially...
-
What is the purpose of an abstract of judgment? Why is an abstract of judgment an effective way to enforce a judgment?
-
Hovington, CPA, knows that while audit objectives relating to inventories may be stated in terms of the assertions as presented in this chapter, they may also be subdivided and stated more...
-
Blossom Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $136,250 and will increase annual expenses by $74,000 including...
-
Suppose that you are the new CEO at Memorial Hospital. Me- morial is a nonprofit hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university. Memorial is...
-
Mitzi looked up prices of 13 used Chevrolet HHR retro trucks in the classified ads and found these prices: $8,500, $8,500, $8,500, $9,900, $10,800, $10,800, $11,000, $12,500, $12,500, $13,000,...
-
Mindy is driving 32 mi/h as she nears an elementary school. A first-grade student runs into the street after a soccer ball, and Mindy reacts in about three-quarters of a second. What is her...
-
A spherical particle with $\mathrm{SG}=2.5$ and a diameter of $2 \mathrm{~mm}$ is immersed in water in a cylindrical centrifuge with a diameter of $20 \mathrm{~cm}$. If the particle is initially $8...
-
Far Rockaway Manufacturing, a manufacturer of parts for diesel engines, provides the following financial information for the most recent fiscal year. Inventories: As of January 1 : Direct materials 8...
-
Solve the logarithmic equation. Show all algebraic work, including the check for extraneous solutions in the original equation. log,(x+4)+log,(x-4)= log79
-
A 2.3 cm-high object is placed 4.8 cm in front of a concave mirror, that has a radius of curvature of 16.0 cm. (You may use cm throughout this question.) (a) Calculate the focal length of the mirror,...
-
1. Find the Gross Debt Service Ratio for the following situations, and state whether these houses are affordable. a) The monthly mortgage payment is $805, monthly property taxes are $110, monthly...
-
Evaluate the usefulness of breakeven analysis, include limitation as well and despite limitation how should this analysis be used and if there is any supplementary analysis or tools to supplement the...
-
Compare the processes by which urea and uric acid are absorbed.
-
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
-
Suppose 27 cases of Downs syndrome are found and only 19 are expected based on Birth Defects Monitoring Program prevalence estimates in the states of Washington, Idaho, and Oregon. Are there...
-
What is the probability of observing exactly 12 cases of cleft palate if there is no excess risk of cleft palate in the study area? Suppose 12 cases of cleft palate are observed, whereas only 7 are...
-
Do you feel there is a meaningful excess number of cases of cleft palate in the area surrounding the nuclear power plant? Explain. Suppose 12 cases of cleft palate are observed, whereas only 7 are...
-
During the 2008 credit crisis, the Federal Reserve implemented a policy of extensively purchasing mortgage-backed securities. Why did the Fed implement this policy and what could this policy...
-
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 1 0 0 , 0 0 0 shares of common stock outstanding as of the beginning of 2 0 2 4 . Power Drive...
-
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory...
Study smarter with the SolutionInn App