He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
Answer and explanation:
Null hypothesis: p is not 54%
Alternative hypothesis : p is equal 54%
First find standard deviation
Standard deviation is:
σ = √[ P ( 1 - P ) / n ] = √[ 0.54×0.46/220 ] =0.033
The z score is calculated p-P/σ = (0.54-0.50)/0.033 = 1.2121
Therefore we can conclude that proportions are not same and fail to reject the null hypothesis
3x+15=3(x+5)
3x+15=3x+15
3x-3x=15-15
Therefore x can be equal to any value.
Answer:
B) Brand 2
Step-by-step explanation:
Brand 1: $10.68 ÷ 12 = 0.89
Brand 2: $9.44 ÷ 16 = 0.59
Brand 3: $15.30 ÷ 18 = 0.85
Brand 4: $21.84 ÷ 24 = 0.91
Brand 5: $20.40 ÷ 30 = 0.68
Least cost per packet is of Brand 2
Answer:
18 +2 + 2.5 + 3 = 25.5
Step-by-step explanation:
just add
