Hi there
First find the monthly payment of each offer to see which monthly payment is lower
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value
PMT monthly payment
R interest rate
K compounded monthly 12
N time
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Bank F
PMT=16,200÷((1−(1+0.057÷12)^(
−12×8))÷(0.057÷12))
=210.53
Bank G
PMT=16,200÷((1−(1+0.062÷12)^(
−12×7))÷(0.062÷12))
=238.21
From the above the monthly payment of bank f is lower than the bank g
And since the lifetime of bank g is lower than bank f the answer is
b. Yvette should choose Bank F’s loan if she cares more about lower monthly payments, and she should choose Bank G’s loan if she cares more about the lowest lifetime cost.
Good luck!
Answer:
75%
Step-by-step explanation:
Answer:
A task time of 177.125s qualify individuals for such training.
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by

After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X. Subtracting 1 by the pvalue, we This p-value is the probability that the value of the measure is greater than X.
In this problem, we have that:
A distribution that can be approximated by a normal distribution with a mean value of 145 sec and a standard deviation of 25 sec, so
.
The fastest 10% are to be given advanced training. What task times qualify individuals for such training?
This is the value of X when Z has a pvalue of 0.90.
Z has a pvalue of 0.90 when it is between 1.28 and 1.29. So we want to find X when
.
So




A task time of 177.125s qualify individuals for such training.
Answer:
1. 3(9K-2)
2. 5(x+12y)
Step-by-step explanation:
Answer:
3. $600,000
Step-by-step explanation:
We have been given that a tenant rented a store to use as a real estate school at a base rent of $1,500 a month. Additionally, the tenant agreed to pay 3% of gross annual sales over $200,000.
Let us find base annual rent.

Let us find the amount of rent paid as 3% of gross annual sales.

Let us find amount of sales over $200,000 by dividing $12000 by 3% or 0.03.

Total sales would be $400,000 plus $200,000.

Therefore, the total sales for that year was $600,000 and 3rd option is the correct choice.