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leonid [27]
3 years ago
5

David purchased a $ 155,000 home with a 7/23 balloon mortgage. His initial rate was 3.5%. At the end of the initial rate, I deci

ded to refinance the balloon payment with a 30-year mortgage fixed at 5%. What is his new mortgage payment? A. $ 696.02 B. $ 707.63 C. $ 707.23 D. $ 654.87
Mathematics
1 answer:
swat323 years ago
7 0

Answer:707.63

Step-by-step explanation:

You might be interested in
Find the slope of
Anon25 [30]

Answer:

(8,-9)

Step-by-step explanation:

using the principle of vectors, you match each number to their coordinates and add them

so we have (7+1,-12+3)

which is equal to (8,-9)

8 0
3 years ago
Read 2 more answers
Police use a radar unit is used to measure speeds of cars on a freeway. The speeds are normally distributed with a mean of 90 km
vagabundo [1.1K]

Answer:

A. P(x≥100)=0.1587

B. P(x≤0)≈0

Step-by-step explanation:

A. Cause we know the distribution of the data, the method used to solve it is called "Normalization" and we need to have the Mean and the Standard deviation of the data. The method consist in the following equation

P(x≤a)=P( z=((x-μ)/σ) ≤ b=((a-μ)/σ) )

Considering <u>μ as the Mean</u> and <u>σ as the Standard deviation</u>. At first, we had a probability in the normal distribution with Mean=90 and STD=10 but <u>that kind of exercises is not meant to find that probability directly but by using this process</u>.

After we normalize the probability, now <u>we have a probability in a specific normal distribution that has Mean=0 and STD=1 and the difference with what we had before is that now we are able to use tools to find probabilities in a normal standard distribution</u>. My favorite of them is a chart that show the approximate values of a lot of probabilities (i attached it to this answer). I´m going to explain point A as an example:

We look for the probability that P(x≥100), but we don´t have an easy method to use there, so we normalize:

P(x≥100)=P( (x-μ)/σ ≥ (100-μ)/σ )

P(x≥100)=P( z ≥ (100-90)/10 )

P(x≥100)=P( z ≥ 1 )

And now we are able to use the chart, let me explain: First, the chart only works with P(z ≤ b), so we have to change it with properties of probabilities before using the table.

P(z≥1)=1-P(z≤1)

And finally we use the chart:

<u>the value of P(z≤1) is in the table, we look for the row with +1 and the column with the decimal part (in this case 0) and with coordinates (1,0) there´s the value</u>:

P(z≤1)=0.8413

But we need P(z≥1) so we use the previous equality

P(z≥1)=1-P(z≤1)

P(z≥1)=1-0.8413

P(z≥1)=0.1587

Because P(x≥100)=P(z≥1), our final answer is 0.1587

B. We use the same process to try to understand what the probability of P(x≤0) represents.

P(x≤0)=P(z≤ (0-90)/10)

P(x≤0)=P( z ≤ -9 )

But when we try to look for its value in the chart It isn´t even there, what could it mean?

<u>A normal distribution function is always increasing</u>, that means that "a≤b if and only if P(x≤a) ≤ P(x≤b)". so we conclude:

P(z≤-9) ≤ P(z≤-3) (The lowest probability in the chart)

P(z≤-9) ≤ 0.0013

P(z≤-9) is way lower than 0.0013 (they aren´t even close) but we know that probability is always positive,  and because of that:

P(x≤0)=P(z≤-9)≈0

5 0
3 years ago
Oil is pumped continuously from a well at a rate proportional to the amount of oil left in the well. Initially there were millio
JulijaS [17]

Answer:

The amount of oil was decreasing at 69300 barrels, yearly

Step-by-step explanation:

Given

Initial =1\ million

6\ years\ later = 500,000

Required

At what rate did oil decrease when 600000 barrels remain

To do this, we make use of the following notations

t = Time

A = Amount left in the well

So:

\frac{dA}{dt} = kA

Where k represents the constant of proportionality

\frac{dA}{dt} = kA

Multiply both sides by dt/A

\frac{dA}{dt} * \frac{dt}{A} = kA * \frac{dt}{A}

\frac{dA}{A}  = k\ dt

Integrate both sides

\int\ {\frac{dA}{A}  = \int\ {k\ dt}

ln\ A = kt + lnC

Make A, the subject

A = Ce^{kt}

t = 0\ when\ A =1\ million i.e. At initial

So, we have:

A = Ce^{kt}

1000000 = Ce^{k*0}

1000000 = Ce^{0}

1000000 = C*1

1000000 = C

C =1000000

Substitute C =1000000 in A = Ce^{kt}

A = 1000000e^{kt}

To solve for k;

6\ years\ later = 500,000

i.e.

t = 6\ A = 500000

So:

500000= 1000000e^{k*6}

Divide both sides by 1000000

0.5= e^{k*6}

Take natural logarithm (ln) of both sides

ln(0.5) = ln(e^{k*6})

ln(0.5) = k*6

Solve for k

k = \frac{ln(0.5)}{6}

k = \frac{-0.693}{6}

k = -0.1155

Recall that:

\frac{dA}{dt} = kA

Where

\frac{dA}{dt} = Rate

So, when

A = 600000

The rate is:

\frac{dA}{dt} = -0.1155 * 600000

\frac{dA}{dt} = -69300

<em>Hence, the amount of oil was decreasing at 69300 barrels, yearly</em>

7 0
2 years ago
3/4 x 12 I'm having a hard time multiplying fractions can some one help ​
aleksley [76]
3/4 x 12 = 9 in decimal form.
3/4 x 12 = 9/1 in fraction form
6 0
3 years ago
Read 2 more answers
5.3.PS-/<br> Simplify the expression.<br> -<br> -2.8f + 0.8f – 16 - 9
bezimeni [28]
=-2f-25 is your answer
8 0
3 years ago
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