prim
TEST BANK
edo
Business Mathematics in Canada 11th Edition by
cs
Tracy Worswick F. Ernest Jerome
Prim
edo
cs
Prim
edo
cs
, Stuvia.com - The Marketplace to Buy and Sell your Study
MaterialStuvia.com- The Marketplace to Buy and Sell your Study Material
prim
Medconnoisseurlibraries.com
CHAPTER 1 Review and Applications of Basic Mathematics
Appendix 1A: The Texas Instruments BA II PLUS
edo
CHAPTER 2 Review and Applications of Algebra
CHAPTER 3 Percent and Percent Change
CHAPTER 4 Ratios and Proportions
CHAPTER 5 Mathematics of Merchandising
5.2 Supplement: Other Notations for Terms of Payment (on Connect)
cs
5.3 Supplement: Diagram Model for Markup Problems (on Connect)
CHAPTER 6 Applications of Linear Equations
Appendix 6A: The Texas Instruments BA II PLUS Break-Even Worksheet
CHAPTER 7 Simple Interest
Appendix 7A: An Aid for Determining the Number of Days in Each Month
Appendix 7B: The Texas Instruments BA II PLUS Date Worksheet
CHAPTER 8 Applications of Simple Interest
Appendix 8A: Promissory Notes
CHAPTER 9 Compound Interest: Future Value and Present Value
Appendix 9A: Instructions for Specific Models of Financial Calculators
CHAPTER 10 Compound Interest: Further Topics and Applications
Appendix 10A: The Texas Instruments BA II PLUS Interest Conversion Worksheet
Appendix 10B: Logarithms
Appendix 10C: Annualized Rates of Return and Growth (on Connect)
Prim
CHAPTER 11 Ordinary Annuities: Future Value and Present Value
CHAPTER 12 Ordinary Annuities: Periodic Payment, Number of Payments, and Interest Rate
Appendix 12A: Derivation of the Formula for n from the Formula for FV_(on Connect)
Appendix 12B: The Trial-and-Error Method for Calculating the Interest Rate per Payment Interval_(on Connect)
CHAPTER 13 Annuities Due
Appendix 13A: Setting Your Calculator in the Annuity Due Mode
edo
CHAPTER 14 Annuities: Special Situations
CHAPTER 15 Loan Amortization: Mortgages
15.4: Mortgage Loans: Additional Topics (on Connect)
Appendix 15A: Instructions for the Texas Instruments BA II PLUS Amortization Worksheet
Appendix 15B: Amortization Functions on the Sharp EL-738 Calculator
cs
CHAPTER 16 Bonds and Sinking Funds
Appendix 16A: Instructions for the Texas Instruments BA II PLUS Bond Worksheet
CHAPTER 17 Business Investment Decisions
Prim
edo
cs
Downloaded by: destine465 |
Page 1 of 761
Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com
Stuvia.com - The
The Marketplace
Marketplace to
to BuyBuy and
and SelSel
youryour Study
Study MaterialMaterial
prim
Medconnoisseurlibraries.com
1 Review
Reviewand
and Applications
Applications of
of
BasicBasic
Mathematics
Mathematics
edo
Exercise 1.1
a. 10 + 10 x 0 = 10 + 0 = 10
b. 2x2+4–8=4+4–8=0
c. (10 + 10) x 0 = 20 x 0 = 0
cs
d. 2 x (2 + 4) – 8 = 2 x 6 – 8 = 12 – 8 = 4
e. 0 + 3 x 3 – 32 + 10 = 0 + 9 – 9 + 10 = 10
f. 12 – 2 x 5 + 22 x 0 = 12 – 10 + 4 x 0 = 12 – 10 + 0 = 2
g. 0 + 3 x 3 – (32 + 10) = 0 + 9 – 19 = -10
h. (12 – 2) x (5 + 22) x 0 = 10 x 9 x 0 = 0
22 −4 4−4 0
i. = = =0
(4−2) 2
2 2 4
(2 −4)2 (−2)2 4
= = =4
5−22 5 −4 1
j.
1. 20 − 4 2 − 8 = 20 − 8 − 8 = 4
Prim
2. 18 3 + 6 2 = 6 + 12 = 18
3. (20 − 4) 2 − 8 = 16 2 − 8 = 32 − 8 = 24
4. 18 (3 + 6) 2 = 18 9 2 = 2 2 = 4
5. 20 − (4 2 − 8) = 20 − (8 − 8) = 20
edo
6. (18 3 + 6) 2 = (6 + 6) 2 = 24
7. 54 − 36 4 + 22 = 54 − 9 + 4 = 49
(5 + 3)2 − 32 9 + 3 = 82 − 9 9 + 3 = 64 − 1+ 3 = 66
cs
8.
Prim
edo
cs
Page 2 of 761
, prim
9. (54 − 36) (4 + 2)2 = 18 62 = 18 36 = 0.5
( )2 (9 + 3) = 5 + (9 − 3)2 12 = 5 + 36 12 = 5 + 3 = 8
edo
10. 5 + 32 − 3
82 − 4264 − 16 = 48 = 6
11. =
(4 − 2)3 23
2 8
(8 − 4)2 = 4 = 16 = −
cs
12. 4
4 − 23 4−8 −4
13. 3(6 + 4)2 − 5(17 − 20)2 = 3 10 2 − 5(− 3)2 = 3 100 − 5 9 = 300 − 45 = 255
14. (4 3 − 2)2 (4 − 3 22 )= (12 − 2)2 (4 − 3 4) = 102 (4 − 12) = 100 (− 8) = − 12.5
15. (20 + 8 5) − 7 (− 3) 9 = (20 + 40 + 21) 9 = 81 9 = 9
( )
519 + 52 − 16 2 = 5 19 + (25 − 16 )2
2 2
16. = 5(19 + 81)2 = 5 100 2 = 50,000
17. $100(1+ 0.06 45
365
)= $100(1+ 0.00739726) = $100.74
$200 $200 $200
18. = = = $194.17
1+ 0.09 12 1+ 0.03 1.03
Prim
4
$500 $500 $500
2 = =
19.
(1 + 0.05) 1.05 1.1025 = $453.51
2
( )
20. $1000 (1+ 0.02) = $1000 1.023 = $1000 (1.061208 ) = $1061.21
3
(1+ 0.04)2 − 1 1.042 − 1 0.0816
edo
21. $100 0.04 = $100 0.04 = $100 0.04 = $204.00
1 1
1 −
(1+ 0.03)2 1 − 1.0609
1 − 0.942596
22. $300 = $300 = $300 = $574.04
cs
0.03 0.03 0.03
Concept Questions (Section 1.2)
1. You must retain at least one more figure than you require in the answer. To achieve four-
figure accuracy in the answer, you must retain a minimum of five figures in the values
used in the calculations. B)
2. We want six-figure accuracy in the answer. Therefore, values used in the calculations
must be accurate to at least seven figures. B)
3. We want seven-figure accuracy in the answer. Therefore, values used in the calculations
must retain at least eight figures. C)
4. To be accurate to the nearest 0.01%, an interest rate greater than 10% must have four-
Prim
figure accuracy. Therefore, five figures must be retained in numbers used in the
calculations. C)
edo
cs
TEST BANK
edo
Business Mathematics in Canada 11th Edition by
cs
Tracy Worswick F. Ernest Jerome
Prim
edo
cs
Prim
edo
cs
, Stuvia.com - The Marketplace to Buy and Sell your Study
MaterialStuvia.com- The Marketplace to Buy and Sell your Study Material
prim
Medconnoisseurlibraries.com
CHAPTER 1 Review and Applications of Basic Mathematics
Appendix 1A: The Texas Instruments BA II PLUS
edo
CHAPTER 2 Review and Applications of Algebra
CHAPTER 3 Percent and Percent Change
CHAPTER 4 Ratios and Proportions
CHAPTER 5 Mathematics of Merchandising
5.2 Supplement: Other Notations for Terms of Payment (on Connect)
cs
5.3 Supplement: Diagram Model for Markup Problems (on Connect)
CHAPTER 6 Applications of Linear Equations
Appendix 6A: The Texas Instruments BA II PLUS Break-Even Worksheet
CHAPTER 7 Simple Interest
Appendix 7A: An Aid for Determining the Number of Days in Each Month
Appendix 7B: The Texas Instruments BA II PLUS Date Worksheet
CHAPTER 8 Applications of Simple Interest
Appendix 8A: Promissory Notes
CHAPTER 9 Compound Interest: Future Value and Present Value
Appendix 9A: Instructions for Specific Models of Financial Calculators
CHAPTER 10 Compound Interest: Further Topics and Applications
Appendix 10A: The Texas Instruments BA II PLUS Interest Conversion Worksheet
Appendix 10B: Logarithms
Appendix 10C: Annualized Rates of Return and Growth (on Connect)
Prim
CHAPTER 11 Ordinary Annuities: Future Value and Present Value
CHAPTER 12 Ordinary Annuities: Periodic Payment, Number of Payments, and Interest Rate
Appendix 12A: Derivation of the Formula for n from the Formula for FV_(on Connect)
Appendix 12B: The Trial-and-Error Method for Calculating the Interest Rate per Payment Interval_(on Connect)
CHAPTER 13 Annuities Due
Appendix 13A: Setting Your Calculator in the Annuity Due Mode
edo
CHAPTER 14 Annuities: Special Situations
CHAPTER 15 Loan Amortization: Mortgages
15.4: Mortgage Loans: Additional Topics (on Connect)
Appendix 15A: Instructions for the Texas Instruments BA II PLUS Amortization Worksheet
Appendix 15B: Amortization Functions on the Sharp EL-738 Calculator
cs
CHAPTER 16 Bonds and Sinking Funds
Appendix 16A: Instructions for the Texas Instruments BA II PLUS Bond Worksheet
CHAPTER 17 Business Investment Decisions
Prim
edo
cs
Downloaded by: destine465 |
Page 1 of 761
Want to earn $1.236
Distribution of this document is illegal extra per year?
, Stuvia.com
Stuvia.com - The
The Marketplace
Marketplace to
to BuyBuy and
and SelSel
youryour Study
Study MaterialMaterial
prim
Medconnoisseurlibraries.com
1 Review
Reviewand
and Applications
Applications of
of
BasicBasic
Mathematics
Mathematics
edo
Exercise 1.1
a. 10 + 10 x 0 = 10 + 0 = 10
b. 2x2+4–8=4+4–8=0
c. (10 + 10) x 0 = 20 x 0 = 0
cs
d. 2 x (2 + 4) – 8 = 2 x 6 – 8 = 12 – 8 = 4
e. 0 + 3 x 3 – 32 + 10 = 0 + 9 – 9 + 10 = 10
f. 12 – 2 x 5 + 22 x 0 = 12 – 10 + 4 x 0 = 12 – 10 + 0 = 2
g. 0 + 3 x 3 – (32 + 10) = 0 + 9 – 19 = -10
h. (12 – 2) x (5 + 22) x 0 = 10 x 9 x 0 = 0
22 −4 4−4 0
i. = = =0
(4−2) 2
2 2 4
(2 −4)2 (−2)2 4
= = =4
5−22 5 −4 1
j.
1. 20 − 4 2 − 8 = 20 − 8 − 8 = 4
Prim
2. 18 3 + 6 2 = 6 + 12 = 18
3. (20 − 4) 2 − 8 = 16 2 − 8 = 32 − 8 = 24
4. 18 (3 + 6) 2 = 18 9 2 = 2 2 = 4
5. 20 − (4 2 − 8) = 20 − (8 − 8) = 20
edo
6. (18 3 + 6) 2 = (6 + 6) 2 = 24
7. 54 − 36 4 + 22 = 54 − 9 + 4 = 49
(5 + 3)2 − 32 9 + 3 = 82 − 9 9 + 3 = 64 − 1+ 3 = 66
cs
8.
Prim
edo
cs
Page 2 of 761
, prim
9. (54 − 36) (4 + 2)2 = 18 62 = 18 36 = 0.5
( )2 (9 + 3) = 5 + (9 − 3)2 12 = 5 + 36 12 = 5 + 3 = 8
edo
10. 5 + 32 − 3
82 − 4264 − 16 = 48 = 6
11. =
(4 − 2)3 23
2 8
(8 − 4)2 = 4 = 16 = −
cs
12. 4
4 − 23 4−8 −4
13. 3(6 + 4)2 − 5(17 − 20)2 = 3 10 2 − 5(− 3)2 = 3 100 − 5 9 = 300 − 45 = 255
14. (4 3 − 2)2 (4 − 3 22 )= (12 − 2)2 (4 − 3 4) = 102 (4 − 12) = 100 (− 8) = − 12.5
15. (20 + 8 5) − 7 (− 3) 9 = (20 + 40 + 21) 9 = 81 9 = 9
( )
519 + 52 − 16 2 = 5 19 + (25 − 16 )2
2 2
16. = 5(19 + 81)2 = 5 100 2 = 50,000
17. $100(1+ 0.06 45
365
)= $100(1+ 0.00739726) = $100.74
$200 $200 $200
18. = = = $194.17
1+ 0.09 12 1+ 0.03 1.03
Prim
4
$500 $500 $500
2 = =
19.
(1 + 0.05) 1.05 1.1025 = $453.51
2
( )
20. $1000 (1+ 0.02) = $1000 1.023 = $1000 (1.061208 ) = $1061.21
3
(1+ 0.04)2 − 1 1.042 − 1 0.0816
edo
21. $100 0.04 = $100 0.04 = $100 0.04 = $204.00
1 1
1 −
(1+ 0.03)2 1 − 1.0609
1 − 0.942596
22. $300 = $300 = $300 = $574.04
cs
0.03 0.03 0.03
Concept Questions (Section 1.2)
1. You must retain at least one more figure than you require in the answer. To achieve four-
figure accuracy in the answer, you must retain a minimum of five figures in the values
used in the calculations. B)
2. We want six-figure accuracy in the answer. Therefore, values used in the calculations
must be accurate to at least seven figures. B)
3. We want seven-figure accuracy in the answer. Therefore, values used in the calculations
must retain at least eight figures. C)
4. To be accurate to the nearest 0.01%, an interest rate greater than 10% must have four-
Prim
figure accuracy. Therefore, five figures must be retained in numbers used in the
calculations. C)
edo
cs
