Answer:
The answer to the question is
Her monthly payments will be $279.98
Step-by-step explanation:
To solve the question we apply the equation for monthly payments as follows
Fixed monthly mortgage repayment formula is
Where
A = Payment amount per month
r = interest rate = 4.25 %
n = number of months = 20×12 months or 240 months
P = Mortgage value = $155,000
Therefore A = = $279.98
For balloon mortgage the loan balance is paid off or refinanced at the end of the loan term
Answer:
[ 0.4964, 0.5836 ]
Step-by-step explanation:
Data provided in the question:
Total sample size = 500
person voting for smith = 270
thus,
P( person voting for smith ), p = = 0.54
Confidence level = 95%
now,
standard error, SE =
or
SE =
or
SE = 0.0223
now,
Confidence interval = p ± ( z × SE )
here,
z value for 95% confidence interval is 1.96
Confidence interval = [ 0.54 - ( 1.96 × 0.0223 ), 0.54 + ( 1.96 × 0.0223 ) ]
= [ 0.54 - 0.0436 , 0.54 + 0.0436 ]
= [ 0.4964, 0.5836 ]
Hello,
y-intercept is -6
If x=0 then y=-6