course Mth 173 咇OJD~|ɶStudent Name:
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16:22:52
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16:22:54 `q001. Note that there are 5 questions in thie assignment. Sketch a graph of the function y ' = .1 t - 6 for t = 0 to t = 100. Describe your graph.
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16:22:55 `q001. Note that there are 5 questions in thie assignment. Sketch a graph of the function y ' = .1 t - 6 for t = 0 to t = 100. Describe your graph.
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16:26:04 The graph of this function has an intecept on the y' axis at (0,-6) and an intercept on the x axis at (60,0). The graph is a straight line with slope .1. At t = 100 the graph point is (100,4).
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16:26:11 `q002. Now sketch the graph of a function y which starts at the point (0, 100), and whose slope at every t is equal to the value of y ' at t. Thus, for example, at t = 0 we have y ' = .1 * 0 - 6 = -6, so our graph of y will start off a the t = 0 point (0,100) with a slope of -6, and the graph begins by decreasing rather rapidly. But the slope won't remain at -6. By the time we get to t = 10 the slope will be y ' = .1 * 10 - 6 = -5, and the graph is decreasing less rapidly than before. Then by the time we get to t = 20 the slope will be y ' = . 1 * 20 - 6 = -4, etc.. If you sketch a graph of y vs. t with these calculated slopes at the corresponding t values, what does the graph look like? Will it be increasing or decreasing, and will it be doing so at an increasing, decreasing or constant rate? Is the answer to this question different for different parts of the graph? If so over what intervals of the graph do the different answers apply?
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16:26:12 The graph will have slopes -6 at t = 0, -5 at t = 10, -4 at t = 9, etc.. At least for awhile, the slope will remain negative so the graph will be decreasing. The negative slopes will however become less and less steep. So the graph be decreasing at a decreasing rate. It's obvious that the slopes will eventually reach 0, and since y' is the slope of the y vs. t graph it's clear that this will happen when y' = .1 t - 6 becomes 0. Setting .1 t - 6 = 0 we get t = 60. Note, and think about about the fact, that this coincides with the x-intercept of the graph of y' vs. t. At this point the slope will be 0 and the graph will have leveled off at least for an instant. Past t = 60 the values of y' will be positive, so the slope of the y vs. t graph will be positive and graph of y vs. t will therefore be increasing. The values of y' will also be increasing, so that the slopes of the y vs. t graph will be increasing, and we can say that the graph will be increasing at an increasing rate.
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17:50:23 Note that there are 9 questions in this assignment. `q001. The process we used in the preceding series of exercises to approximate the graph of y corresponding to the graph of y ' can be significantly improved. Recall that we used the initial slope to calculate the change in the y graph over each interval. For example on the first interval we used the initial slope -6 for the entire interval, even though we already knew that the slope would be -5 by the time we reached the t = 10 point at the end of that interval. We would have been more accurate in our approximation if we had used the average -5.5 of these two slopes. Using the average of the two slopes, what point would we end up at when t = 10?
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RESPONSE --> y'=61
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17:53:41 If the average value slope = -5.5 is used between t = 0 and t = 10, we find that the rise is -55 and we go from (0,100) to (10,45).
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RESPONSE --> I thought we were using the y'(t)=.1t-6 formula and substituting -5.5 for .1 to change the slope. I am confused by the question.
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18:06:47 `q002. We find that using the average of the two slopes we reach the point (10, 45). At this point we have y ' = -5. By the time we reach the t = 20 point, what will be the slope? What average slope should we therefore use on the interval from t = 10 to t = 20? Using this average slope what point will we end up with when t = 20?
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RESPONSE --> I'm not for sure
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18:18:49 The slope at t = 20 is y ' = -4. Averaging this with the slope y ' = -5 at t = 10 we estimate an average slope of (-5 + -4) / 2 = -4.5 between t = 10 and t = 20. This would imply a rise of -45, taking the graph from (10,45) to (20, 0).
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RESPONSE --> ok
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18:53:28 `q003. We found that we reach the point (20, 0), where the slope is -4. Following the process of the preceding two steps, what point will we reach at t = 30?
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RESPONSE --> y'(30)= .1(30)-6 = -3 (-4+-3)/2 = -3.5 = average slope This would give us a point at (30, -35)
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18:54:06 The slope at t = 20 is y ' = -3. Averaging this with the slope y ' = -4 at t = 20 we estimate an average slope of (-4 + -3) / 2 = -4.5 between t =20 and t = 30. This would imply a rise of -35, taking the graph from (20,0) to (30, -35).
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RESPONSE --> ok, I'm understanding it now. I had to pull up the prior assignment and see how I had solved this.
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19:39:30 `q004. Continue this process up through t = 70. How does this graph differ from the preceding graph, which was made without averaging slopes?
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RESPONSE --> y'(40) = .1(40)-6 = -2 (-3+-2)/2 = -2.5 (40, -25) y'(50) = (50, -15) y'(60) = (60, -5) y'(70) = (70, 5) This graph has a slope that is constantly changing and the other graph had a constant slope.
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19:44:09 The average slopes over the next four intervals would be -2.5, -1.5, -.5 and +.5. These slopes would imply rises of -25, -15, -5 and +5, taking the graph from (30,-35) to (40, -60) then to (50, -75) then to (60, -80) and finally to (70, -75). Note that the graph decreases at a decreasing rate up to the point (60, -80) before turning around and increasing to the ponit (70, -75).
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RESPONSE --> I messed up and put the amount of change in y for the y coordinate. I understand it now though
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19:46:10 `q005. Now suppose that y = -.2 t^2 + 5 t + 100 represents depth vs. clock time. What is the corresponding rate function y ' ?
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RESPONSE --> y' = -.4t + 5
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19:48:50 The rate function corresponding to y = a t^2 + b t + c is y ' = 2 a t + b. In this example a = -.2, b = 5 and c = 100 so y ' = 2(-.2) t + 5, or y ' = -.4 t + 5.
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RESPONSE --> okk
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19:54:35 `q006. From the depth function and the rate function we can find the coordinates of the t = 30 point of the graph, as well as the rate of change of the function at that point. The rate of change of the function is identical to the slope of the graph at that point, so we can find the slope of the graph. What are the coordinates of the t = 30 point and what is the corresponding slope of the graph? Sketch a graph of a short line segment through that point with that slope.
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RESPONSE --> y ' = -.4 t + 5 y'(30) = -7 (30, -210)
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19:55:21 At t = 30 we have y = -.2 * 30^2 + 5 * 30 + 100 = 70, and y ' = -.4 * 30 + 5 = -7. The graph will therefore consist of the point (30, 70) and a short line segment with slope -7.
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RESPONSE --> ok
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20:06:27 `q007. What is the equation of the straight line through the t = 30 point of the depth function of the preceding example, having a slope matching the t = 30 rate of change of that function?
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RESPONSE --> y= .4x+70
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20:08:01 A straight line through (30, 70) with slope -7 has equation y - 70 = -7 ( x - 30), found by the point-slope form of a straight line. This equation is easily rearranged to the form y = -7 x + 280.
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RESPONSE --> ok
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20:12:12 `q008. Evaluate the depth function y at t = 30, 31, 32. Evaluate the y coordinate of the straight line of the preceding question at t = 30, 31, 32. What are your results?
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RESPONSE --> y=-7x+280 y=-7(30)+280 = 70 y=-7(31)+280 = 63 y=-7(32)+280 = 56
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20:12:16 Plugging t = 30, 31, 32 into the original function y = -.2 t^2 + 5 t + 100 we get y = 70, 62.8, 55.2 respectively. Plugging t = 30, 31, 32 into the straight-line equation y = -7 t + 280 we get y = 70, 63, 56 respectively.
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RESPONSE --> ok
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20:13:42 `q009. By how much does the straight-line function differ from the actual depth function at each of the three points? How would you describe the pattern of these differences?
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RESPONSE --> The points do not match up because the actual depth function has a constantly changing slope and cannot be predicted with a straight line.
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20:15:14 At t = 30 the two functions are identical. At t = 31 the values are 62.8 and 63; the function is .2 units below the straight line. At t = 32 the values are 55.2 and 56; the function is now .8 units below the straight line. The pattern of differences is therefore 0, -.2, -.8. The function falls further and further below the straight line as we move away from the point (30, 70).
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RESPONSE --> ok
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ղ˖DFx Student Name: assignment #010 010. Income Streams
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20:44:30 Note that there are 11 questions in this assignment. `q001. Suppose that you expect for the next 6 years to receive a steady stream of extra income, at the rate of $20,000 per year. This income is expected to 'flow in' at a constant rate, day by day. Suppose furthermore that you expect that your money will grow at a constant annual rate of 8%. Assuming you do not use any of the money or interest, the question we want to answer is how much you would therefore expect to have at the end of 6 years. This problem is complicated by the fact that the money that goes in, say, today will earn interest over a longer period than the money you earn tomorrow. In fact, the money you receive in one minute will earn interest for a different length of time than the money you receive in a different minute. To begin to answer the problem you could start out by saying that while some of the money will earn interest for 6 years, some will go in at the very end of the 6-year period and will therefore not earn any interest at all, so the average time period for earning interest will be 3 years. You could then calculate the interest on the full amount for 3 years, and get a fairly good idea of the final amount. As we will see, you can't get a precise estimate this way, but it gives you a reasonable starting estimate. What would be the simple interest on the total 6-year amount of money flow for 3 years, and what would be the final amount?
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RESPONSE --> after 3 years- $25194.24 6 years- $31737.49
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20:47:03 The total money flow would be $20,000 per year for 6 years, or $120,000. 8% simple interest for 3 years would be 3 * 8% = 24%, and 24% of $120,000 is $28,800, so your first estimate would be $28,800. You therefore expect to end up with something not too far from $148,800.
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RESPONSE --> ok i understand
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20:49:34 `q002. Money usually doesn't earn simple interest. Interest is almost always compounded. If the interest on $120,000 was compounded annually at 8% for 3 years, what would be the final amount?
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RESPONSE --> 151165.44
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20:51:21 There is a more efficient way to calculate this, but we'll see that shortly. 8% of $120,000 is $9600, so after 1 year we will have $120,000 + $9600 = $129,600. Note that this result could have been obtained by multiplying $120,000 by 1.08. We will use this strategy for the next two years. After another year we will have $129,600 * 1.08 = $139,968. If you wish you can take 8% of $129,600 and add it to $129,600; you will still get $139,968. After a third year you will have $139,968 * 1.08 = $151,165. Note that this beats the $148,800 you calculated with simple interest. This is because each year the interest is applied to a greater amount than before; previously the interest was just applied to the starting amount.
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RESPONSE --> ok
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20:55:03 `q003. Money can earn interest that is compounded annually, quarterly, weekly, daily, hourly, or whatever. For given interest rate the maximum interest will be obtained if the money is compounded continuously. When initial principle P0 is compounded continuously at rate r for t interest periods (e.g., at rate 8% = .08 for t years), the amount at the end of the time is P = P0 * e^(r t). If the $120,000 was compounded continuously at 8% annual interest for 3 years, what would be the amount at the end of that period?
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RESPONSE --> 120000*e^(3*.08) = 152549.89
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20:55:13 We would have P0 = $120,000, r = .08 and t = 3. So the amount would be P = $120,000 * e^(.08 * 3) = $120,000 * e^(.24) = $152,549. This beats the annual compounding by over $1,000.
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RESPONSE --> ok
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21:00:09 `q004. This keeps getting better and better. We end up with more and more money. Now let's see how much money we would really end up with, if the money started compounding continuously as soon as it 'flowed' into the account. As a first step, we note that 6 years is 72 months. About how much would the money flowing into the account during the 6th month be worth at the end of the 72 months?
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RESPONSE --> 6th month= 120000*e^(.5*.08) = 124897.29 This would be worth 193928.93 or 124897.29*e^(5.5*.08) after the end of the 72 months
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21:00:46 Flowing into the account at a constant rate of $20,000 per year, we see that the monthly flow is $20,000 / 12 = $1,666.67. The $1,666,67 that flows in during the 6th month will have about 72 - 5.5 = 66.5 months to grow. [ Note that we use the 5.5 instead of 6 because the midpoint of the 6th month is 5.5 months after the beginning of the 72-month period (the first month starts at month 0 and ends up at month 1, so its midway point is month .5; the nth month starts at the end of month n-1 and ends at the end of month n so its midway point is (n - 1) + .5). ] 66.5 months is 66.5/12 = 5.54 years, approximately. So the $1,666,67 would grow at the continuous rate of 8 percent for 5.54 years. This would result in a principle of $1,666,67 * e^(.08 * 5.54) = $2596.14.
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RESPONSE --> ok i understand
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21:08:07 `q005. How much will the money flowing into the account during the 66th month be worth at the end of the 72 months?
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RESPONSE --> 11800*e^(5.54*.08) = 172591.37 after 66 months This will be worth 172591 after another .46 year
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