Multiply 30 -- the number of years of the loan -- by the number of payments you make each year. For example, 30 X 12 = 360. You are making 360 payments over the course of the loan. Divide your mortgage interest rate by your total payments.
Answer:
2.35%
Step-by-step explanation:
Mean number of months (M) = 39 months
Standard deviation (S) = 10 months
According to the 68-95-99.7 rule, 95% of the data is comprised within two standard deviations of the mean (39-20 to 39+20 months), while 99.7% of the data is comprised within two standard deviations of the mean (39-30 to 39+30 months).
Therefore, the percentage of cars still in service from 59 to 69 months is:
The approximate percentage of cars that remain in service between 59 and 69 months is 2.35%.
Slope-intercept form: y = mx + b
(m is the slope, b is the y-intercept or the y value when x = 0 --> (0, y) or the point where the line crosses through the y-axis)
For lines to be parallel, they have to have the same slope.
y = 6x + 6 The slope of this line is 6, so the parallel line's slope is also 6.
Now that you know m = 6, substitute/plug it into the equation:
y = mx + b Plug in 6 for "m" in the equation
y = 6x + b To find "b", plug in the point (20, 1) into the equation
1 = 6(20) + b
1 = 120 + b Subtract 120 on both sides to get "b" by itself
1 - 120 = 120 - 120 + b
-119 = b Now that you know b = -119, plug it into the equation
y = 6x - 119
