Answer:
i need at least a pick of the problom
Step-by-step explanation:
Answer:
$1,700
Step-by-step explanation:
Given the following :
Period of mortgage = 25 years
Mortgage amount = $130,000
Total interest on mortgage = $380,000
Hence,
Total amount to be paid ( principal + interest) :
($130,000 + $380,000) = $510,000
Total number of months over the 25 years period:
25 × 12 = 300 months
Payment per month:
Total repayment / number of months
= $510,000 / 300
= $1,700 per month
A. z = 0.74
The z-score of 0.74 translates to a percentile of 0.77035. Hence, the area under the standard normal curve to the left of z-score 0.74 is ~0.77.
b. z = -2.16
This z-score translates to a percentile of 0.015386 which is also the numerical value of the area under the curve to the left of the z-score
c. z = 1.02
The percentile equivalent of the z-score above is 0.846. The area is also 0.846.
d. z = -0.15
The percentile equivalent and the area is equal to 0.44.
180(n-2)
=180(6-2)
=180*4
=720