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likoan [24]
3 years ago
10

A $104.000 selling price with $24000 down at 8 1/2% for 25 years results in a monthly payment of

Mathematics
1 answer:
romanna [79]3 years ago
3 0
*******************************************************
(See attached formula)
Loan Principal = 104,000 - 24,000 = 80,000
rate = 8.5 / 1,200  = <span> <span> <span> 0.0070833333 </span> </span> </span>
time = 25 years = 300 months

Monthly Payment = <span> <span> 0.0070833333 </span> + </span><span> <span> [ 0.0070833333 / ((1</span></span><span>.0070833333)^300 -1)) ] *principal
</span>
Monthly Payment = <span>0.0070833333 + </span><span> [ 0.0070833333 / (</span><span> </span> <span> <span> <span> 8.3104129461 </span> </span> </span> -1)] * 80,000
Monthly Payment = 0.0070833333 + [ 0.0070833333 / ( 7.3104129461)] * 80,000
Monthly Payment = (0.0070833333 + <span> <span> <span> 0.00096893750767) * 80,000
</span></span></span>Monthly Payment = <span> <span> <span> 0.00805227080767 </span> </span> </span> * 80,000
Monthly Payment = <span> <span> <span> 644.18

Source:
http://www.1728.org/calcloan.htm

</span></span></span>

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6 high school seniors choose from among 20 quotes for their yearbook. What is the probability that at least 2 of them choose the
shusha [124]

Using the binomial distribution, it is found that there is a 0.0328 = 3.28% probability that at least 2 of them choose the same quote.

<h3>What is the binomial distribution formula?</h3>

The formula is:

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

C_{n,x} = \frac{n!}{x!(n-x)!}

The parameters are:

  • x is the number of successes.
  • n is the number of trials.
  • p is the probability of a success on a single trial.

In this problem, we have that:

  • There are 6 students, hence n = 6.
  • There are 20 quotes, hence the probability of each being chosen is p = 1/20 = 0.05.

The probability of one quote being chosen at least two times is given by:

P(X \geq 2) = 1 - P(X < 2)

In which:

P(X < 2) = P(X = 0) + P(X = 1).

Then:

P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}

P(X = 0) = C_{6,0}.(0.05)^{0}.(0.95)^{6} = 0.7351

P(X = 1) = C_{6,1}.(0.05)^{1}.(0.95)^{5} = 0.2321

Then:

P(X < 2) = P(X = 0) + P(X = 1) = 0.7351 + 0.2321 = 0.9672.

P(X \geq 2) = 1 - P(X < 2) = 1 - 0.9672 = 0.0328

0.0328 = 3.28% probability that at least 2 of them choose the same quote.

More can be learned about the binomial distribution at brainly.com/question/24863377

6 0
2 years ago
Which binomials are factors of x^2−3x−54?
denis23 [38]
Correct Options:- A) x-9 and E) x+6

Step by Step Solution:

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2 years ago
Nick walks 8 miles in 3 hours,and braylon walks 16 miles in 6 hours.what is the unit rate per hour
stich3 [128]

Answer: 2.6

Step-by-step explanation:

6 0
2 years ago
Read 2 more answers
Please help!! Show work please!!
Nonamiya [84]

1. 3x - 2y = 8 Subtract 3x on both sides

-2y = 8 - 3x Divide by -2 on both sides to get y by itself

y = -4 + 3/2x


2. a + b / 3 = 5 Multiply 3 on both sides

a + b = 15 Subtract a on both sides to get b by itself

b = 15 - a


3. 12x - 4y = 20 Subtract -12x on both sides

-4y = 20 - 12x Divide -4 on both sides to get y by itself

y = -5 + 3x


4. y + 3 = -5(x - 2) Multiply -5 to (x-2)

y + 3 = -5x + 10 Subtract 3 on both sides to get y by itself

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7 0
2 years ago
Read 2 more answers
Find the sum of natural number from 1 to 30
Ierofanga [76]

Answer:

1. sum of term = 465

2. nth term of the AP = 30n - 10

Step-by-step explanation:

1. The sum of all natural number from 1 to 30 can be computed as follows. The first term a = 1 and the common difference d = 1 . Therefore

sum of term = n/2(a + l)

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a = 1

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n = number of term

sum of term = 30/2(1 + 30)

sum of term = 15(31)

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2.The nth term of the sequence can be gotten below. The sequence is 20, 50, 80 ......

The first term which is a is equals to 20. The common difference is 50 - 20 or 80 - 50 = 30. Therefore;

a = 20

d = 30

nth term of an AP = a + (n - 1)d

nth term of an AP = 20 + (n - 1)30

nth term of an AP = 20 + 30n - 30

nth term of the AP = 30n - 10

The nth term  formula can be used to find the next term progressively.  where n = number of term

The sequence will be 20, 50, 80, 110, 140, 170, 200..............

6 0
3 years ago
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