Answer:
The correct answer is A. $729.98.
Step-by-step explanation:
Given that the purchase price for a house is $ 309,900, to determine what is the monthly payment if you put 20% down for a 30 year loan with a fixed rate of 6%, the following calculation must be performed:
100 - 20 = 80
(309,900 x 0.80) x 1.06 / (30x12) = X
247,920 x 1.06 / 360 = X
262,795.2 / 360 = X
729.98 = X
Therefore, the monthly payments will be $ 729.98.
Answer:
0.5 or 1/2
Step-by-step explanation
I dont know if they want the answer in fraction form.
Answer:
1/3x +4
is the inverse of f(x) = 3x + 4.
Check:
The purpose of the inverse property of multiplication is to get a product of one. So the inverse multiplied with the original number (or equation) should give us the product of one.
1 / (3x + 4) * 3x + 4 = 3x+4 / 3x+ 4 = 1
Answer:
a) The 95% confidence interval to estimate the average fee for the population is between $11.65 and $12.79
b) $0.57
Step-by-step explanation:
We have that to find our 
level, that is the subtraction of 1 by the confidence interval divided by 2. So:
Now, we have to find z in the Ztable as such z has a pvalue of 
.
So it is z with a pvalue of 
, so 
Now, find the margin of error M as such
In which 
is the standard deviation of the population and n is the size of the sample.
So the answer for b) is $0.57.
The lower end of the interval is the sample mean subtracted by M. So it is 12.22 - 0.57 = $11.65
The upper end of the interval is the sample mean added to M. So it is 12.22 + 0.57 = $12.79
The 95% confidence interval to estimate the average fee for the population is between $11.65 and $12.79
