SECTION 8.5 Amortization
The process of paying off a loan (plus interest) by making a series of regular, equal payments is called
amortization, and such a loan is called an amortized loan.
Example 1: An amortized loan of $10,000 is made to pay off a
SECTION 8.3 Consumer Loans
Debt is a bottomless sea.
Loans having a fixed number of payments are called closed-ended credit agreements (or installment loans).
Each payment is called an installment.
The interest charged on a loan is of
How Do We Measure Fairness?
The Hamilton Apportionment Method
Alexander Hamilton developed a method to apportion the first U.S.
Congress. In 1881 when using Hamiltons method, Alabama was entitled to 8 represen
Other Paradoxes and Apportionment
a) Suppose we want to allocate 8 representatives among several states that have a total population of 4,000,000.
Find the standard divisor.
b) If state A has a population of 1,500,000,
In this section we learn to use Boolean logic to determine when compound statements are true or false, and
whether two statements have the same meaning.
Example 1: Determine whether each statement is t
College of Engineering and Computer Science
Mechanical Engineering Department
Mechanical Engineering 501B
Seminar in Engineering Analysis
Spring 2009 Class: 14443 Instructor: Larry Caretto
March 9 Homework Solutions
Kreyszig, page 546, problem 2. Find