Fred’s net monthly income is $3933.12 Rental: $700 Car Payment: $363.75 Car Insurance: $46.16 Life Insurance: $8793.75 Savings: (Fred wants to save 5% of his monthly income.) Fred estimates that she will need: $100 a month for electricity $240 a month for food $60 a month for...
Option 1-$42.00 monthly fee plus $5.00/hour for court rental option 2-no monthly fee but$8.50/hour for court rental Let x=hour per month of court rental time write a mathematical model representing the total monthly cost, C, in terms of x for the following: option1 C= option2 C=...
5) A tennis club offers two payment options: Option 1: $42 monthly fee plus $5/hour for court rental Option 2: No monthly fee but $8.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, i...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in t...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in t...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in terms...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in te...
Complete assuming monthly payment as given Interest rate $ 8.04% Home Mortgage 100,000 Time of Loan 180 months Monthly payments $ 957.96 Find the princial after first payment and principal after second payment
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an interest ra...
A rental company charges a flat fee of x dollars for a floor sander rental plus y dollars per hour of the rental. One customer rents a floor sander for 4 hours and pays $63. Another customer rents a floor sander for 6 hours and pays $87. Find the flat fee and the cost per hour fo...
Project 2 (Clothing Rental) Fashion Rental is a rental company located in Manhattan, New York, specializing in rental of high end wome en clothing for the fashion industry. Over the past 12 months, her business has experienced tremendous growth due to a boom in the fashion...
A bank is offering aloan of $25,000 with a nominal interest rate of 18% compoundedmonthly, payable in 60 months. (Hint: The loan origination fee of2% will be taken outfrom the loan amount.)a) What is the monthly payment?b) If a loan origination fee of 2% is charged at the time of...