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Lights. Cameras. Action!
Hi, my name is Nica and I’m a performance arts teacher.  This is my first year teaching at this school and I am a little bit nervous for what this year may have in store for me.  Hopefully with your help, my first year here will be a success. Smoking Sanity Inn by flickr user:  °<~ Gabrielle Sinatra ~>°
Feel Music by flickr user: XŤЯΣΛМ i   Every year the school holds a spring concert for the students to perform.  Since this is my first year teaching, I’d like to do something both the students and I will enjoy.  I asked the students in my class if they would like to do a musical or a play and out of the 50 students, 39 of them would prefer to do a musical. However, how would the rest of the high school students react to a musical?  Would they enjoy watching a musical? If I surveyed another 750 students, how certain can I be that the results will be approximately the same?
Finding the mean and the standard deviation To answer this question, we first need to know if : np  >  5  and  nq  >  5 Where: n = number of trails p = probability of success q = probability of failure If np or nq are not equal or greater than five, we will not be able to find the mean and the standard deviation that's needed to answer the rest of the problem.
[object Object],[object Object],[object Object],[object Object],[object Object],np  >  5 ? 750(0.78)  >  5  = 585  >  5 nq  >  5 ? 750(0.22)  >  5  = 165  >  5 Calculations   p and q always equal to one in the same event. Finding the mean and the standard deviation
The formula to find the   mean  is : The formula to find the mean, is the same formula we used to see if np was greater or equal to 5 . Now that we know both  np  and  nq  are both greater than five, we can now find the  mean  and the  standard deviation . Calculations :
The formula to find the  standard deviation  is : Calculations : Now that we know both  np  and  nq  are both greater than five, we can now find the  mean  and the  standard deviation .
Finding the margin of error The formula to find the margin of error is: ,[object Object],Calculations :
Now that we have the margin of error, we can find the  95% confidence interval  using the formula : Using the 95% confidence interval method, we’ll help Nica be 95% certain of the number of students who will enjoy watching a musical because they will be included in the interval. Finding the 95% confidence interval
Calculations : 95% confidence interval ,[object Object]
Final Answer Day 47/366.....Disney's Aladdin: A Musical Spectacular by flickr user: ldcross  Nica can be 95% confident that from 576 to 594 students, will enjoy watching a high school musical with a margin of error of 4.211.
Now that I am confident that the school will enjoy a musical, the musical I have chosen for the students to perform is called Face-2-Face by flickr user:  °<~ Gabrielle Sinatra ~>° A Deal With the Devil
The classroom that I am working with is broken up into 4 groups, each group consists of : 15 choir members 13 band members 12 dancers There will also be 10 students from the drama class who also be involved in the musical. And I never want to say goodbye   by flickr user:  °<~ Gabrielle Sinatra ~>°
That means that I’ll need to order in 50 different costumes for the students to wear, assuming that each group member will be wearing the same costume.  I looked through two different catalogues and noticed that each store has the same costumes that I’m looking for but at different prices. Harajuku fashion - gothic & lolita  by flickr user: Suviko
Looking at the prices above, which store would be cheaper if I ordered all the costumes from one store?  What is the total cost of all the costumes in both the stores? Harajuku fashion - gothic & lolita  by flickr user: Suviko Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
Looking at the prices above, which store would be cheaper if I ordered all the costumes from one store?  What is the total cost of all the costumes in both the stores? To solve this problem, we will be using a method known as  matrices . Harajuku fashion - gothic & lolita  by flickr user: Suviko Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
Matrices is a way of organizing numbers in a table so that calculations can be made. Spiekermann House Numbers by flickr user: Stewf
Our first matrix we’ll set up, will be the  number of students  in the four different groups, which are: 15 choir members 13 band members 12 dancers 10 drama students Before we begin, we first need to set up two different matrices.
Our first matrix we’ll set up, will be the  number of students  in the four different groups, which are: 15 choir members 13 band members 12 dancers 10 drama students Choir Band Dancers Drama 15 13 12 10 # of students S =
Our first matrix we’ll set up, will be the  number of students  in the four different groups, which are: 15 choir members 13 band members 12 dancers 10 drama students ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Choir Band Dancers Drama 15 13 12 10 # of students S =
Our second matrix will be the  cost of the costumes , using the table below Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
Our second matrix will be the  cost of the costumes , using the table below Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P=
Our second matrix will be the  cost of the costumes , using the table below ,[object Object],[object Object],[object Object],Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P=
Now that we have both matrices set up, we can use the method  matrix multiplication , to determine the total cost of the costumes in both the stores.  However, when dealing with matrix multiplication, there are a few rules to keep in mind. Choir Band Dancers Drama 15 13 12 10 # of students S = Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P=
Rule #1 - The number of  columns  in matrix S, must be equal to the number of  rows  in  matrix P. 1 x  4 4  x 2 the same [S] [P]
Rule #1 Rule #2 ,[object Object],[object Object],1) choir 2) band 3) dancers 4) drama - The number of  columns  in matrix S, must be equal to the number of  rows  in  matrix P. 1 x  4 4  x 2 the same [S] [P]
Rule #1 Rule #2 ,[object Object],[object Object],1) choir 2) band 3) dancers 4) drama Rule #3 - Therefore the product matrix will have the dimensions of : ,[object Object],1 x 2 [S] [P] - The number of  columns  in matrix S, must be equal to the number of  rows  in  matrix P. 1 x  4 4  x 2 the same [S] [P] 1  x 4 4 x  2
Now that we have the basics down, we can use  matrix multiplication  to determine the total cost of the costumes in both the stores. Matrix multiplication  involves both  addition and multiplication .
Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Step 1:  Take the  entire row in matrix S  and entire  column of Store A, in matrix P . Choir Band Dancers Drama 15 13 12 10 # of students S =
Calculations : = ( 15  x  12.50 ) + ( 13  x  15.00 ) + ( 12  x  19.25 ) + ( 10  x  24.99 )  187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Choir Band Dancers Drama 15 13 12 10 # of students S =
Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15  x  12.50 ) + ( 13  x  15.00 ) + ( 12  x  19.25 ) + ( 10  x  24.99 )  187.50 195.00 231.00 249.90 = + + + As you can see, I’m taking the 1 st  number in matrix S and multiplying it by the 1 st  number in matrix P.  Calculations : Total cost of costumes in Store A = $ 863.40 Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15  x  12.50 ) + ( 13  x  15.00 ) + ( 12  x  19.25 ) + ( 10  x  24.99 )  187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Then I take the 2 nd  number in matrix S and multiply it by the 2 nd  number in matrix P. Calculations : Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15  x  12.50 ) + ( 13  x  15.00 ) + ( 12  x  19.25 ) + ( 10  x  24.99 )  187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Calculations : And so on and so on, all the way to the 4 th  number in both matrices Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
Choir Band Dancers Drama 15 13 12 10 # of students S = 187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Calculations : Once all the multiplying is done, I add up all the answers I got, to get the total cost of the costumes in Store A. Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Now we need to find the total cost of the costumes in Store B.  Which is exactly the same thing as you did before, the only difference now is that you’re going to take the entire  column of Store B, in matrix P . Choir Band Dancers Drama 15 13 12 10 # of students S =
Calculations : = ( 15  x  11.50 ) + ( 13  x  13.49 ) + ( 12  x  17.45 ) + ( 10  x  20.95 )  172.50 175.37 209.40 209.50 = + + + Total cost of costumes in Store B = $ 766.77 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Choir Band Dancers Drama 15 13 12 10 # of students S =
The Product Matrix 863.40 766.77 Store A Store B Total Cost
Final Answer Nica should buy all the costumes from Store B because she’ll only need to spend $766.77, saving her $96.63. Una's dress by flickr user:  °<~ Gabrielle Sinatra ~>°
The musical, A Deal With the Devil, has three main characters.  This means that 3 lucky students from the drama class will be given the leading roles.  Stella  & Cynthia   by flickr user:  °<~ Gabrielle Sinatra ~>°
If the drama class consists of 10 students, how many combinations can Nica choose 3 students to be given the leading roles? Friday night II   by flickr user:  °<~ Gabrielle Sinatra ~>°
To answer this question, we’ll be using a formula known as the   “ choose formula ”   which looks like: n! ( n - r )!  r!
Where  r = the # of objects that are being arranged n = the # of objects that are available to be arranged ! = symbol used for factorial notation n! ( n - r )!  r!
[object Object],[object Object],n! ( n - r )!  r!
Now that we have our formula, we plug in what we know. r = 3  n= 10 Calculations : = = = 120 different ways n! ( n - r )!  r! 10! ( 10 - 3 )!  3! 10! 7! x 3!
There are 120 different ways for Nica to choose 3 students for the leading roles from the 10 drama students. Final Answer SLartist Idol @ mylife.com   by flickr user:   °<~ Gabrielle Sinatra ~>°
Although the spring concert is months away, I need to start thinking about other expenses such as the cost of costumes, hiring make-up artists, hairdressers, electricians, lighting, props and advertisements. Hands/Make up by flickr user: spaceodissey
To help me pay these expenses, the bank loans me $3000.00 at an interest rate of 8.4% compounded monthly.  If I want to pay back the loan before the year ends, how much should my monthly payments be?  Money!  By flickr user: Tracy O
To answer this question, we will be using a function on a  T1-83 Plus graphing calculator , known as the  TVM Solver .  To get this function, you press the  1) [ APPS ] button  2) [ enter ] 3) [ #1: TVM_Solver ]
Once you’re done that, you should get a screen that looks something like: N:  I%: PV: PMT: F/V: P/Y: C/Y: PMT:  END  BEGIN
where : N = total number of payments I%: interest rate as a percent PV: present value PMT: payments made FV: future value P/Y: # of payments/yr. C/Y: # of compounding periods/yr.  N:  I%: PV: PMT: F/V: P/Y: C/Y: PMT:  END  BEGIN
Now that we know what each valuable stands for, we can begin to fill out what we know by taking apart the question. To help me pay these expenses, the bank loans me  $3000.00  at an interest rate of  8.4% compounded monthly .  If I want to pay back the loan before in  one year , how much should my monthly payments be?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],Second step,  press the buttons [ ALPHA ]  then [ ENTER ] ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[ ALPHA ]  then [ ENTER ] . . . And the answer you should get is  ,[object Object],- 261.52 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Final Answer Nica will be making monthly payments of $261.52 for the next 12 months to pay back her loan of $3000.00. (creepy) objectivist institute in SL by flickr user: melmcbride
The clock has struck 3:30 and the bell has rang, dismissing the students of the school.  It’s been a long day but I’ve made it through =) Thank you for your help, if it wasn’t for you, I’d still be struggling with my first problem ;)  Be sure to come back to watch our musical, Deal With the Devil, this coming spring 2008. Farewell. Tired...  b y flickr user:  °<~ Gabrielle Sinatra ~>°
All the pictures were taken off of  www.flickr.com toy camera tower by: .m for mattijs Gerber RECON Flashlight  by: JoeBGood by: Andyrob
the tools  by flickr user: andreas_krautwald
Pro(i)mo(ptic) stuff II  by flickr user: °<~ Gabrielle Sinatra ~>° Pro(i)mo(ptic) stuff   by flickr user: °<~ Gabrielle Sinatra ~>°

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MathPresentation

  • 2. Hi, my name is Nica and I’m a performance arts teacher. This is my first year teaching at this school and I am a little bit nervous for what this year may have in store for me. Hopefully with your help, my first year here will be a success. Smoking Sanity Inn by flickr user: °<~ Gabrielle Sinatra ~>°
  • 3. Feel Music by flickr user: XŤЯΣΛМ i Every year the school holds a spring concert for the students to perform. Since this is my first year teaching, I’d like to do something both the students and I will enjoy. I asked the students in my class if they would like to do a musical or a play and out of the 50 students, 39 of them would prefer to do a musical. However, how would the rest of the high school students react to a musical? Would they enjoy watching a musical? If I surveyed another 750 students, how certain can I be that the results will be approximately the same?
  • 4. Finding the mean and the standard deviation To answer this question, we first need to know if : np > 5 and nq > 5 Where: n = number of trails p = probability of success q = probability of failure If np or nq are not equal or greater than five, we will not be able to find the mean and the standard deviation that's needed to answer the rest of the problem.
  • 5.
  • 6. The formula to find the mean is : The formula to find the mean, is the same formula we used to see if np was greater or equal to 5 . Now that we know both np and nq are both greater than five, we can now find the mean and the standard deviation . Calculations :
  • 7. The formula to find the standard deviation is : Calculations : Now that we know both np and nq are both greater than five, we can now find the mean and the standard deviation .
  • 8.
  • 9. Now that we have the margin of error, we can find the 95% confidence interval using the formula : Using the 95% confidence interval method, we’ll help Nica be 95% certain of the number of students who will enjoy watching a musical because they will be included in the interval. Finding the 95% confidence interval
  • 10.
  • 11. Final Answer Day 47/366.....Disney's Aladdin: A Musical Spectacular by flickr user: ldcross Nica can be 95% confident that from 576 to 594 students, will enjoy watching a high school musical with a margin of error of 4.211.
  • 12. Now that I am confident that the school will enjoy a musical, the musical I have chosen for the students to perform is called Face-2-Face by flickr user: °<~ Gabrielle Sinatra ~>° A Deal With the Devil
  • 13. The classroom that I am working with is broken up into 4 groups, each group consists of : 15 choir members 13 band members 12 dancers There will also be 10 students from the drama class who also be involved in the musical. And I never want to say goodbye by flickr user: °<~ Gabrielle Sinatra ~>°
  • 14. That means that I’ll need to order in 50 different costumes for the students to wear, assuming that each group member will be wearing the same costume. I looked through two different catalogues and noticed that each store has the same costumes that I’m looking for but at different prices. Harajuku fashion - gothic & lolita by flickr user: Suviko
  • 15. Looking at the prices above, which store would be cheaper if I ordered all the costumes from one store? What is the total cost of all the costumes in both the stores? Harajuku fashion - gothic & lolita by flickr user: Suviko Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
  • 16. Looking at the prices above, which store would be cheaper if I ordered all the costumes from one store? What is the total cost of all the costumes in both the stores? To solve this problem, we will be using a method known as matrices . Harajuku fashion - gothic & lolita by flickr user: Suviko Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
  • 17. Matrices is a way of organizing numbers in a table so that calculations can be made. Spiekermann House Numbers by flickr user: Stewf
  • 18. Our first matrix we’ll set up, will be the number of students in the four different groups, which are: 15 choir members 13 band members 12 dancers 10 drama students Before we begin, we first need to set up two different matrices.
  • 19. Our first matrix we’ll set up, will be the number of students in the four different groups, which are: 15 choir members 13 band members 12 dancers 10 drama students Choir Band Dancers Drama 15 13 12 10 # of students S =
  • 20.
  • 21. Our second matrix will be the cost of the costumes , using the table below Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95
  • 22. Our second matrix will be the cost of the costumes , using the table below Store A Store B Choir’s Costume $ 15.00 $ 13.49 $ 11.50 $ 12.50 Band’s Costume Dancer’s Costume Drama’s Costume $ 19.25 $ 24.99 $ 17.45 $ 20.95 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P=
  • 23.
  • 24. Now that we have both matrices set up, we can use the method matrix multiplication , to determine the total cost of the costumes in both the stores. However, when dealing with matrix multiplication, there are a few rules to keep in mind. Choir Band Dancers Drama 15 13 12 10 # of students S = Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P=
  • 25. Rule #1 - The number of columns in matrix S, must be equal to the number of rows in matrix P. 1 x 4 4 x 2 the same [S] [P]
  • 26.
  • 27.
  • 28. Now that we have the basics down, we can use matrix multiplication to determine the total cost of the costumes in both the stores. Matrix multiplication involves both addition and multiplication .
  • 29. Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Step 1: Take the entire row in matrix S and entire column of Store A, in matrix P . Choir Band Dancers Drama 15 13 12 10 # of students S =
  • 30. Calculations : = ( 15 x 12.50 ) + ( 13 x 15.00 ) + ( 12 x 19.25 ) + ( 10 x 24.99 ) 187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Choir Band Dancers Drama 15 13 12 10 # of students S =
  • 31. Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15 x 12.50 ) + ( 13 x 15.00 ) + ( 12 x 19.25 ) + ( 10 x 24.99 ) 187.50 195.00 231.00 249.90 = + + + As you can see, I’m taking the 1 st number in matrix S and multiplying it by the 1 st number in matrix P. Calculations : Total cost of costumes in Store A = $ 863.40 Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
  • 32. Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15 x 12.50 ) + ( 13 x 15.00 ) + ( 12 x 19.25 ) + ( 10 x 24.99 ) 187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Then I take the 2 nd number in matrix S and multiply it by the 2 nd number in matrix P. Calculations : Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
  • 33. Choir Band Dancers Drama 15 13 12 10 # of students S = = ( 15 x 12.50 ) + ( 13 x 15.00 ) + ( 12 x 19.25 ) + ( 10 x 24.99 ) 187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Calculations : And so on and so on, all the way to the 4 th number in both matrices Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
  • 34. Choir Band Dancers Drama 15 13 12 10 # of students S = 187.50 195.00 231.00 249.90 = + + + Total cost of costumes in Store A = $ 863.40 Calculations : Once all the multiplying is done, I add up all the answers I got, to get the total cost of the costumes in Store A. Store A Choir 15.00 12.50 Band Dancers Drama 19.25 24.99 P=
  • 35. Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Now we need to find the total cost of the costumes in Store B. Which is exactly the same thing as you did before, the only difference now is that you’re going to take the entire column of Store B, in matrix P . Choir Band Dancers Drama 15 13 12 10 # of students S =
  • 36. Calculations : = ( 15 x 11.50 ) + ( 13 x 13.49 ) + ( 12 x 17.45 ) + ( 10 x 20.95 ) 172.50 175.37 209.40 209.50 = + + + Total cost of costumes in Store B = $ 766.77 Store A Store B Choir 15.00 13.49 11.50 12.50 Band Dancers Drama 19.25 24.99 17.45 20.95 P= Choir Band Dancers Drama 15 13 12 10 # of students S =
  • 37. The Product Matrix 863.40 766.77 Store A Store B Total Cost
  • 38. Final Answer Nica should buy all the costumes from Store B because she’ll only need to spend $766.77, saving her $96.63. Una's dress by flickr user: °<~ Gabrielle Sinatra ~>°
  • 39. The musical, A Deal With the Devil, has three main characters. This means that 3 lucky students from the drama class will be given the leading roles. Stella & Cynthia by flickr user: °<~ Gabrielle Sinatra ~>°
  • 40. If the drama class consists of 10 students, how many combinations can Nica choose 3 students to be given the leading roles? Friday night II by flickr user: °<~ Gabrielle Sinatra ~>°
  • 41. To answer this question, we’ll be using a formula known as the “ choose formula ” which looks like: n! ( n - r )! r!
  • 42. Where r = the # of objects that are being arranged n = the # of objects that are available to be arranged ! = symbol used for factorial notation n! ( n - r )! r!
  • 43.
  • 44. Now that we have our formula, we plug in what we know. r = 3 n= 10 Calculations : = = = 120 different ways n! ( n - r )! r! 10! ( 10 - 3 )! 3! 10! 7! x 3!
  • 45. There are 120 different ways for Nica to choose 3 students for the leading roles from the 10 drama students. Final Answer SLartist Idol @ mylife.com by flickr user: °<~ Gabrielle Sinatra ~>°
  • 46. Although the spring concert is months away, I need to start thinking about other expenses such as the cost of costumes, hiring make-up artists, hairdressers, electricians, lighting, props and advertisements. Hands/Make up by flickr user: spaceodissey
  • 47. To help me pay these expenses, the bank loans me $3000.00 at an interest rate of 8.4% compounded monthly. If I want to pay back the loan before the year ends, how much should my monthly payments be? Money! By flickr user: Tracy O
  • 48. To answer this question, we will be using a function on a T1-83 Plus graphing calculator , known as the TVM Solver . To get this function, you press the 1) [ APPS ] button 2) [ enter ] 3) [ #1: TVM_Solver ]
  • 49. Once you’re done that, you should get a screen that looks something like: N: I%: PV: PMT: F/V: P/Y: C/Y: PMT: END BEGIN
  • 50. where : N = total number of payments I%: interest rate as a percent PV: present value PMT: payments made FV: future value P/Y: # of payments/yr. C/Y: # of compounding periods/yr. N: I%: PV: PMT: F/V: P/Y: C/Y: PMT: END BEGIN
  • 51.
  • 52.
  • 53.
  • 54.
  • 55. Final Answer Nica will be making monthly payments of $261.52 for the next 12 months to pay back her loan of $3000.00. (creepy) objectivist institute in SL by flickr user: melmcbride
  • 56. The clock has struck 3:30 and the bell has rang, dismissing the students of the school. It’s been a long day but I’ve made it through =) Thank you for your help, if it wasn’t for you, I’d still be struggling with my first problem ;) Be sure to come back to watch our musical, Deal With the Devil, this coming spring 2008. Farewell. Tired... b y flickr user: °<~ Gabrielle Sinatra ~>°
  • 57. All the pictures were taken off of www.flickr.com toy camera tower by: .m for mattijs Gerber RECON Flashlight by: JoeBGood by: Andyrob
  • 58. the tools by flickr user: andreas_krautwald
  • 59. Pro(i)mo(ptic) stuff II by flickr user: °<~ Gabrielle Sinatra ~>° Pro(i)mo(ptic) stuff by flickr user: °<~ Gabrielle Sinatra ~>°