Chapter 5: Problem 100
Explain why \(\log _{a} x\) is defined only for \(01\).
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Chapter 5: Problem 100
Explain why \(\log _{a} x\) is defined only for \(01\).
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\(10^{-3}=0.001\)
\(e^{-0.5}=0.6065 \ldots\)
A $$\$ 120,000$$ home mortgage for 35 years at \(7 \frac{1}{2} \%\) has a monthly payment of $$\$ 809.39$$. Part of the monthly payment is paid toward the interest charge on the unpaid balance, and the remainder of the payment is used to reduce the principal. The amount that is paid toward the interest is $$ u=M-\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t} $$ and the amount that is paid toward the reduction of the principal is $$ v=\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t} $$ In these formulas, \(P\) is the size of the mortgage, \(r\) is the interest rate, \(M\) is the monthly payment, and \(t\) is the time in years. (a) Use a graphing utility to graph each function in the same viewing window. (The viewing window should show all 35 years of mortgage payments.) (b) In the early years of the mortgage, is the larger part of the monthly payment paid toward the interest or the principal? Approximate the time when the monthly payment is evenly divided between interest and principal reduction. (c) Repeat parts (a) and (b) for a repayment period of 20 years \((M=\$ 966.71)\). What can you conclude?
Compound Interest In Exercises 57-60, complete the table to determine the balance \(A\) for $$\$ 12,000$$ invested at rate \(r\) for \(t\) years, compounded continuously. \(\begin{array}{|l|l|l|l|l|l|} \hline t & 10 & 20 & 30 & 40 & 50 \\ \hline A & & & & & \\ \hline \end{array}\) $$ r=4 \% $$
Use the properties of logarithms to expand the expression as a sum, difference, and/or constant multiple of logarithms. (Assume all variables are positive.) $$ \ln \frac{6}{\sqrt{x^{2}+1}} $$
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