Description
1 attachmentsSlide 1 of 1attachment_1attachment_1
Unformatted Attachment Preview
MAT104-21954
Quiz 5
Name: _____________
Date: _______
Each question is worth 5 pts. You need to show all work to get full credit. Please load on
blackboard as a pdf file. Only Solutions uploaded will receive NO credit.
1. Is it more profitable to receive a lump sum of $9000 at the end of 3 years or to receive
$750 at the end of each quarter-year for 3years? Assume that money can earn 2.2%
interest compounded quarterly.
2. Find the amount of a 15-year mortgage at 4.5% interest compounded monthly where the
monthly payment is $724.56.
3. Solve the following system of equations using the matrix coefficient
𝑥 + 4𝑦 + 3𝑧 = 15
𝑥 + 3𝑦 + 4𝑧 = 17
2𝑥 + 3𝑦 + 3𝑧 = 16
4. In a certain manufacturing process, lengths (cm) of bolts is normally distributed with a
mean of 5.4 and a standard deviation of .6. Find the probability that a bolt selected at
random has a length greater than 5.632 cm.
Purchase answer to see full
attachment
Explanation & Answer:
5 Questions
Tags:
money
earn
profitable
User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.
Reviews, comments, and love from our customers and community: