Answer:
Do you have the figure Friend?
If yes please attach it too!
A is your answer tell me if I am wrong.
Step-by-step explanation:
If you borrow $120,000 at an APR of 7% for 25 years, you will pay $848.13 per month. If you
borrow the same amount at the same APR for 30 years, you will pay $798.36 per month.
a. What is the total interest paid on the 25-year mortgage? <em>$134,439.</em>
Answer:
Step-by-step explanation:
Part A
This is a combination problem. Order does not matter.
36C6
36!/(30! 6!)
36 * 35 * 34 * 33 * 32 * 31/ 6!
1402410240/6!
1947792
Part B
1 / (36C6)
0.000000513 or
0.0000005
Answer:
The confidence interval becomes wider.
Step-by-step explanation:
The general form of a confidence interval is:
The critical value is based on the confidence level.
The confidence level is the probability that the true parameter value falls within a specific interval. The basic and most used confidence levels are 90%, 95% and 99%.
The confidence interval is directly proportional to the confidence interval.
Confidence Interval ∝ Confidence Level
On increasing the confidence level the confidence level widens. And on decreasing the confidence level the confidence level gets narrower.
Thus, when Gina changes the confidence interval to 99% the confidence interval becomes wider.