Answer:
The monthly mortgage payment is $ 8306.58
Step-by-step explanation:
Given as :
The loan taken as $ 600,000
The rate of interest = 5.5 %
The time period = 30 Years
So, from compounded method
Amount = principal × 
or, Amount = $ 600,000 × 
Or, Amount = $ 600,000 × 
∴ Amount = $ 2990370.77
<u>Now for The monthly mortgage payment </u>
∵ Time period is 30 years
So , 30 years = 12 × 30 = 360 months
∴ Amount payment in monthly =$ 
Or, Amount payment in monthly =$ 8306.58
Hence The monthly mortgage payment is $ 8306.58 Answer
Answer in decimal form: 37.69911184
Answer:
E, A, F
Step-by-step explanation:
Answer:
a) 
b) 
c) 
Step-by-step explanation:
Assuming the following question: Because of staffing decisions, managers of the Gibson-Marimont Hotel are interested in the variability in the number of rooms occupied per day during a particular season of the year. A sample of 20 days of operation shows a sample mean of 290 rooms occupied per day and a sample standard deviation of 30 rooms
Part a
For this case the best point of estimate for the population variance would be:
Part b
The confidence interval for the population variance is given by the following formula:
The degrees of freedom are given by:
Since the Confidence is 0.90 or 90%, the significance 
and 
, the critical values for this case are:
And replacing into the formula for the interval we got:
Part c
Now we just take square root on both sides of the interval and we got:
Answer:
11
Step-by-step explanation:
24 -:- 3+3
8+3
11
