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Answer:
- to interest: $532.97
- to principal: $54.23
- new balance: $79,891.90
Step-by-step explanation:
The interest is found by multiplying the monthly rate by the balance on the loan. For the first month, the balance is the loan amount.
$79,946.13 × 0.08 ×(1/12) . . . . . one month = 1/12 year
= $532.97
The interest amount in the first payment is $532.97.
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The amount of the first payment that goes to principal is what is left after the interest is paid:
$587.20 -532.97 = $54.23 . . . amount to principal
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The new balance is the previous balance less the amount to principal:
$79,946.13 -54.23 = $79,891.90 . . . new balance
Answer:
Option C) +0.2
Step-by-step explanation:
We are given the following information in the question:
Correlation:
- Correlation is a technique that help us to find or define a relationship between two variables.
- It is a measure of linear relationship between two quantities.
- A positive correlation means that an increase in one quantity leads to an increase in another quantity
- A negative correlation means with increase in one quantity the other quantity decreases.
- +1 tells about a a perfect positive linear relationship and −1 indicates a perfect negative linear relationship.
- Values between 0 and 0.3 tells about a weak positive linear relationship, values between 0.3 and 0.7 shows a moderate positive correlation and a correlation of 0.7 and 1.0 states a strong positive linear relationship.
- Values between 0 and -0.3 tells about a weak negative linear relationship, values between -0.3 and -0.7 shows a moderate negative correlation and a correlation value of of -0.7 and -1.0 states a strong negative linear relationship.
Thus, a weak positive correlation is given by correlation coefficient of Option C) +0.2
The answer is 75.4
Explanation
Answer:
Step-by-step explanation:
