The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:

Given that <span>Beth
is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:

Therefore, her monthly payment is about $611.50
</span>
Answer:
b) .474
Step-by-step explanation:
If 62% go to a four-year college, that means that those who don't represent 38% of the high-school graduates.
You pick up someone who is NOT going to a four-year college (so, he's among the 38%)... what's the chance he's in the 18% of the whole high-school graduates population that found a job?
To calculate that probability, we have to divide 18% by 38%.
P = 18% / 38% = 0.4736, so 0.474
Since we are sure he doesn't go to a four-year college, there's 47.4% of chances he finds a job.
1650
1375
15400
Hope this will be helpful
The answer for the graph is x ≤ 5