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Marizza181 [45]
3 years ago
13

Jen Anderson takes out a mortgage for $120,000. This is a loan of 30 years at $500 per month. This gives a total interest cost o

f $60,000. What is the APR using the formula?
Mathematics
2 answers:
velikii [3]3 years ago
7 0
APR=(2yc)÷(m×(n+1))
APR=(2×12×60,000)÷(120,000×(360+1))
=0.0332×100=3.32%
Evgesh-ka [11]3 years ago
5 0

Answer:

3.32%

Step-by-step explanation:

You might be interested in
The number of requests for assistance received by a towing service is a Poisson process with rate θ = 4 per hour.a. Compute the
aliya0001 [1]

Answer:

a) 9.93% probability that exactly ten requests are received during a particular 2-hour period

b) 13.53% probability that they do not miss any calls for assistance

c) 2

Step-by-step explanation:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

In which

x is the number of sucesses

e = 2.71828 is the Euler number

\mu is the mean in the given time interval.

Poisson process with rate θ = 4 per hour.

This means that \mu = 4n, in which n is the number of hours.

a. Compute the probability that exactly ten requests are received during a particular 2-hour period.

n = 2, so \mu = 4*2 = 8

This is P(X = 10). So

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

P(X = 10) = \frac{e^{-8}*8^{10}}{(10)!} = 0.0993

9.93% probability that exactly ten requests are received during a particular 2-hour period

b. If the operators of the towing service take a 30-min break for lunch, what is the probability that they do not miss any calls for assistance?

n = 0.5, so \mu = 4*0.5 = 2

This is P(X = 0). So

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

P(X = 0) = \frac{e^{-2}*2^{0}}{(0)!} = 0.1353

13.53% probability that they do not miss any calls for assistance

c. How many calls would you expect during their break?

n = 0.5, so \mu = 4*0.5 = 2

4 0
3 years ago
Which of these is the most logical order for the statements and reasons?
cestrela7 [59]
I think is I,II,III,IV,V
8 0
3 years ago
Read 2 more answers
michelle bought 4 gallons of grape juice and 5 gallons of apple juice for a party what is the ratio of gallon of apple juice to
just olya [345]

Answer:

5:4

Step-by-step explanation:

Have A Great day

4 0
2 years ago
i have the same hundreds digit as ones digit the value of my tens digit is 50 the value of my ones digit is 4 what is my 3 digit
Iteru [2.4K]
The answer is 454 I hope I helped
4 0
3 years ago
Read 2 more answers
PLs help 50 PTS!!!!! PLEASE ILL GIVE BRAINLIEST!!!!!
Nookie1986 [14]

Answer:

\large\boxed{y=\dfrac{1}{4}x^2-x-4}

Step-by-step explanation:

The equation of a parabola in vertex form:

y=a(x-h)^2+k

<em>(h, k)</em><em> - vertex</em>

The focus is

\left(h,\ k+\dfrac{1}{4a}\right)

We have the vertex (2, -5) and the focus (2, -4).

Calculate the value of <em>a</em> using k+\dfrac{1}{4a}

<em>k = -5</em>

-5+\dfrac{1}{4a}=-4        <em>add 5 to both sides</em>

\dfrac{1}{4a}=1           <em>multiply both sides by 4</em>

4\!\!\!\!\diagup^1\cdot\dfrac{1}{4\!\!\!\!\diagup_1a}=4

\dfrac{1}{a}=4\to a=\dfrac{1}{4}

Substitute

a=\dfrac{1}{4},\ h=2,\ k=-5

to the vertex form of an equation of a parabola:

y=\dfrac{1}{4}(x-2)^2-5

The standard form:

y=ax^2+bx+c

Convert using

(a-b)^2=a^2-2ab+b^2

y=\dfrac{1}{4}(x^2-2(x)(2)+2^2)-5\\\\y=\dfrac{1}{4}(x^2-4x+4)-5

<em>use the distributive property: a(b+c)=ab+ac</em>

y=\left(\dfrac{1}{4}\right)(x^2)+\left(\dfrac{1}{4}\right)(-4x)+\left(\dfrac{1}{4}\right)(4)-5\\\\y=\dfrac{1}{4}x^2-x+1-5\\\\y=\dfrac{1}{4}x^2-x-4

3 0
3 years ago
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