That is not the specified answer
They Actually mentioned the value of 'm'
<em>and in the second sentence of the question they substituted the value of 'm' that is 29 ( whích ís αlrєαdч gívєn ín thє quєstíσn )</em>
Answer:
10,065
Step-by-step explanation:
JUST USE CALCULATOR LOL
Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
Answer:
Explained below.
Step-by-step explanation:
Consider the variables height and weight.
It is usually seen that taller people are heavier than shorter people.
So a regression analysis can be used to specify this belief.
The statistical questions that are being asked here are:
- What the independent and dependent variables?
- Are there any other factor influencing the dependent variable other than the independent variable?
The variable <em>Y</em> is considered as the dependent variable and the variable <em>Y</em> is considered as the independent variable. And the main purpose of the regression analysis is to predict the value of <em>Y</em> when the value of <em>X</em> is given.
The linear regression model can be used to predict the past and future value of the dependent variables provided that the independent variables for those times are provided.
