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zubka84 [21]
3 years ago
11

Explain why the APR does not compare loans for different lengths of time

Mathematics
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

APR does not tell you how long your rate is locked for. A 15-year loan may have a lower interest rate, but could have a higher APR, since the loan fees are amortized over a shorter period of time. It is not wise to compare a 30-year loan with a 15-year loan using their respective APRs.

Step-by-step explanation:

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Please help me 7th grade math operations with rational numbers
Katena32 [7]
1. Stock Market:
If a stock price decreased $2 per day for four days, then the total change in value of the stock is $8. (2 x 4)
Answer: $8.

2. Evaporation:
With the given information, we can infer that if 3 inches of water in a tank decreases each week, then 15 inches of water would decrease over the course of 5 weeks. (3 x 5)
Answer: 15 inches.

3. Football:
If a football team lost 9 yards on 3 consecutive plays, then the team's total change in position is 27 yards. (9 x 3)
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Hope this helps! Good luck.
5 0
2 years ago
A random sample of of 100 voters in a town is selected, and 24 are found to support an annexation suit. Find the 96% confidence
lbvjy [14]

Answer: 0.24 +/- 0.088 = (0.152, 0.328)

Step-by-step explanation:

The point estimate p is given by;

p= 24/ 100 = 0.24

Z value for 96% confidence interval is 2.05

The solution for the given confidence interval is derived using the equation

p +/- z√(pq/n)

Where p = 0.24 q= 1-p = 0.76, n=100 z= 2.05

= 0.24 +/- 2.05√(0.24×0.76/100)

= 0.24 +/- 2.05(0.0427)

=0.24 +/- 0.088

= ( 0.152, 0.328)

6 0
3 years ago
15.5 rounded to the nearest tenth
Degger [83]
<span>The tenths place is to the right of the decimal point.</span>
In order to round u number to the nearest tenth, you should <span>to the right of the tenths place. Depending on this number you should determine if you will round up or stay the same (if it is bigger than 5 you will round up, if not it will stay the same).
In our case, the number is 15.5 so it is already rounded to the nearest tenth.

</span>
3 0
3 years ago
kimberly's class sold school supplies at the open house pens and pencils were packaged separately but the packages contain the s
Wittaler [7]
The answer is 32 I hope this helped :)
7 0
3 years ago
Find the value of 21 - 18 ÷ 3 · 2.<br><br><br> 2<br> 9<br> 18
maks197457 [2]
Order of operations (PEMDAS):
21 - 18 <span>/ 3 * 2
let's add some parenthesese to make it easier to see:
21 - (18 / 3 * 2)
multiplication and division are associative
also: 18 / 3 = 18 * (1/3)
21 - (18 * (1/3) * 2)

21 - (6*2) or 21 - (36 * (1/3)) or 21 - (18 * (2/3))

21 - 12

9
</span> 
8 0
3 years ago
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