Use Venn diagrams to check the validity of the argument. All mathematicians are eccentrics.

All eccentrics are rich. Therefore, all mathematicians are rich.

Valid No students are enthusiastic. You are enthusiastic. Therefore, you are not a student.

Valid

All red hair is pretty. No pretty things are valuable. Therefore, no red hair is valuable.

Valid 2. Suppose you see a car with an advertised price of $34,300 at $627.50 per month for 5 years. What is the amount of interest paid? 627.5 * 60 = $37,650 $37,650 34,300 = $37.650 3. Find the ending balance in an account that opens with $5,990, earns 10.5% interest compounded monthly, and is held for 25 years. (Round your answer to the nearest cent.) Amount = 5990(1 + .105/12)^(12x25) $ 81,750.64 4. In how many ways can a chairperson and a vice chairperson be selected from a committee of 18 senators? 18 * 17 = 306 ways 5. If the principal P = $500, the rate r = 7 1 2 %, and time t = 1 year, find the following. (a) What is the amount of interest? I = Prt 500 x .02 x 1 = 10 $10

(b) What is the future value?

Future Value = Present Value * (1 + rate * time) 500(1 + .02 x 1) = 510 $510 6. Convert the following credit card rate to the APR. Oregon, 1 3/4% per month APR/12 = .0175/100 = .000175 APR = 365 * .000175 = .063875 6.39% 7. Find the amount of interest and the monthly payment for the loan. Purchase a living room set for $3,600 at 12% add-on interest for 4 years. (Round your monthly payment to the nearest cent.) ANSWER: probably what is meant is interest of 3600 * .12 * 3 = 1296 So total is 3600 + 1296 = 4896; can you finish it? 3600 * .12 * 4 = 1728 $1728 interest 3600 + 1728 = 5328 /48 $111 per month

8. Evaluate the expression. \( _5^6 \) I cant read this is it | -56| 9. If $730 is invested in an account that earns 8.25%, compounded annually, what will the account balance be after 22 years? (Round your answer to the nearest cent.) A = 730 (1 + .0825)^22 $4175.77

10. A student is asked to answer 7 out of 12 questions on an exam. (a) Classify the problem as a permutation, a combination, or neither. Permutation Combination Neither

(b) In how many ways can she select the questions to be answered? (12!)/{(7!)[(12-7)]!} = 792 11. If you purchase an item for $1,268 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.) 1268 *.098*1 = 124.264 $124 12. In a recent survey of 100 women, the following information was gathered. 51 use shampoo A. 37 use shampoo B. 46 use shampoo C. 13 use shampoos A and B. 11 use shampoos A and C. 20 use shampoos B and C. 9 use all three. Use the figure to answer the question in the problem. How many are using shampoos A and C, but not B (Region IV)? women

2 women

13. A car dealer will sell you a used car for $5,868 with $868 down and payments of $118.33 per month for 60 months. What is the simple interest rate? (Round each answer to the nearest tenth.) 5868 868 = 5000 BALANCE PAYMENTS 118.33 X 60 = 7099.8

Prt = 5000 *x * 60 = 7099.8 X = 2.3 2.36 % 14. Calculate the monthly finance charge for the following credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. (Round your answer to the nearest cent.) $3,000 balance, 21% rate, $150 payment, adjusted balance method P = 3,000 $52.50 15. Evaluate the expression. \( _3^10 \) \( _2^5 \) \( _1^3 \) I cant read this one 16. Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 20% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan? 450000 x .8 = 360000 remaining to be paid PAYMENT = [360000(06/12)] / [1 - (1 + .06/12)^(-12*30)] 1726.71 MONTHLY PAYMENT X 30 X 12 = 621613.98 621613.98 450000 = 171,613.98 r = 0.21 t = 1/12 I = Prt = 3000*0.21*1/12

$ 171,613.98 IN INTEREST 17. How many skirt-blouse outfits can a woman wear if she has four skirts and six blouses? 4 * 6 = 24 outfits

18. From a survey of 200 college students, a marketing research company found that 130 students owned iPhones, 75 owned cars, and 65 owned both cars and iPhones. (a) How many students owned either a car or an iPhone (but not both)? 75 students (b) How many students do not own either a car or an iPhone? 60 students 19. Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What are the monthly payments? 450000 x .6 = 270,000 remaining to be paid PAYMENT = [270000(06/12)] / [1 - (1 + .06/12)^(-12*30)] PAYMENT = 1350 / [1 - 1.005^-360]

$1618.79 20. How many permutations are there of the following word MATHEMATICS 11 letters permuted = 11! (eleven factorial)

39,916,800 permutations

21. A certain lock has three tumblers, and each tumbler can assume three positions. How many different possibilities ar 3*3*3 = 27 possibilities