Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
7.5 hours total divided by .5 hours per arrangement would be 15 arrangements.
Answer:
b
Step-by-step explanation:
Answer:
Explanation has been given below
Step-by-step explanation:
a) inter arrival times are exponentially distributed with mean 1/n , where n = rate = 1/sec.
probability distribution function is F(t)=n*exp(-n*t).
reference to any kth packet and the (k-1)th packet
the answer is = integration of F(t).dt with limits 0 to 2 = 1 - exp(-2*n) = 1 - exp(-2)
b) t=5 , P(q) = exp(-5)*(5)^q/factorial(q)
probability of fourth call within t=5 seconds is =
that is P(4) P(5) ...... = 1 - ( P(0) P(1) P(2) P(3) ) ; put the values and get the answer.
c) number of calls/rate = 4/n = 4 seconds