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DedPeter [7]
2 years ago
14

Buying a $36,000 new hybrid SUV with $3000 paid up front and the rest borrowed at 4.2%

Mathematics
1 answer:
Studentka2010 [4]2 years ago
3 0

From the calculations, the total amount paid for the SUV is $43,708.

<h3>What is compound interest?</h3>

The term compound interest has to do with an interest that is charged in both the principal and the interest.

In this case, the amount that was borrowed is  $36,000 - $3000 = $33,000. Using the formula;

A = P(1 + r/n)^nt

P =  $33,000

r = 4.2%

n = 52

t = 5 years

A = 33,000(1 + 0.042/52)^(52 * 5)

A = $40,708

Total amount paid = $40,708 + $3000 = $43,708

Learn more about compound interest:brainly.com/question/14295570?

#SPJ1

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Answer:

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Step-by-step explanation:

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It is estimated % of all adults in United States invest in stocks and that % of U.S. adults have investments in fixed income ins
katovenus [111]

Complete question :

It is estimated 28% of all adults in United States invest in stocks and that 85% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 26% of U.S. adults have investments in both stocks and fixed income instruments. (a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to decimal places. (b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?

Answer:

0.929 ; 0.306

Step-by-step explanation:

Using the information:

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(b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?

P(s|f) = p(SnF) / p(f)

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3 0
3 years ago
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3 years ago
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Afina-wow [57]
163.65 since it would meet in the middle
3 0
3 years ago
Read 2 more answers
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