This Is How Bad Credit Can Double The Cost Of Your Next Car
“The one question to never answer at the dealer. “How much do you want to pay a month for your car?” This is where they really get you. And by get you, I mean that they sell you a car that you really shouldn’t be buying, given the amount of interest you’ll need to pay. The dealer has every incentive to lengthen your loan term as much as possible; the longer you’re making monthly payments, the more you’re paying in interest. For someone with bad credit, and a 14.99% rate on their car loan, here’s how a longer term lowers your monthly payments, but costs you so much more in the long run.”
When you go to a car dealer to buy a new car, unless you have enough cash to pay for it outright, they’ll always do a credit check in order to offer financing. If your credit score is great, you might get a rate as low as 1.99%, but if it’s less than great, it could be significantly higher. Rates ranging from 4.99% to 14.99% might still seem reasonable, but over the span of years, those extra percentage points can mean thousands or even tens-of-thousands of extra dollars spent in interest. The dealer will try to get you to tell them “how much can you pay per month,” but what you should be negotiating for, other than price, is for every single fraction-of-a-percent you can on your interest rate.
One of my professors was asked the same question and let me paraphrase his response:
You give up on intuition when it gives up on you.
One of the many reasons why most of physics is deeply mathematical is because our intuition alone is unable to explain all the results that we observe in nature and when that happens, we rely on mathematical theories to shed light on the nature of reality
If one remembers this particular episode from the popular sitcom ‘Friends’ where Ross is trying to carry a sofa to his apartment, it seems that moving a sofa up the stairs is ridiculously hard.
But life shouldn’t be that hard now should it?
The mathematician Leo Moser posed in 1966 the following curious mathematical problem: what
is the shape of largest area in the plane that can be moved around a
right-angled corner in a two-dimensional hallway of width 1? This question became known as the moving sofa problem, and is still unsolved fifty years after it was first asked.
The most common shape to move around a tight right angled corner is a square.
And another common shape that would satisfy this criterion is a semi-circle.
what is the largest area that can be moved around?
Well, it has been
conjectured that the shape with the largest area that one can move around a corner is known as “Gerver’s
sofa”. And it looks like so:
Wait.. Hang on a second
sofa would only be effective for right handed turns. One can clearly
see that if we were to turn left somewhere we would in kind of tough
Prof.Romik from the University of California has
proposed this shape popularly know as Romik’s ambidextrous sofa that
solves this problem.
Although Prof.Romik’s sofa may/may not be the not the optimal solution, it is definitely is a breakthrough since this can pave the way for more complex ideas in mathematical analysis and sofa design.
Once when lecturing in class Lord Kelvin used
the word ‘mathematician’ and then interrupting himself asked his class:
’Do you know what a mathematician is?’
Stepping to his blackboard he
wrote upon it the above equation.
Then putting his finger on what he had written, he turned to
his class and said, ‘A mathematician is one to whom that is as obvious
as that twice two makes four is to you.’
** Two interesting ways to arrive at the Gaussian Integral
Woah… The backlash that Lord Kelvin got after this post was just phenomenal.
There are many ways to obtain this integral (click here to know about other methods) , but here are two interesting ways to arrive at the Gaussian Integral which you may/may not have seen and may/may not be easy to follow.
Gamma Function to the rescue
If you know about factorials (5!= 18.104.22.168.1), you know that they make sense only for integers.
But Gamma function
extends this to non-integers values. This integral form allows you to
calculate factorial values such as (½)!, (¾)! and so on.
The same can be used to evaluate the Gaussian Integral as follows:
Differentiating under the Integral sign
In this technique known as ‘Differentiating under the integral sign’, you choose an integral whose boundary values are easy integrals to evaluate.
Here I(0) and I(∞); and differentiate with respect to a parameter β instead of the variable x to obtain the result.