1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UkoKoshka [18]
3 years ago
8

A customer can pay GH➣900.00 per month on a mortgage payment.

Mathematics
1 answer:
nadezda [96]3 years ago
5 0

Answer:

  $74,748.11

Step-by-step explanation:

In order to make use of the amortization formula, we need to find the equivalent monthly interest rate.

When 12% interest is compounded continuously, the annual multiplier is ...

  e^0.12 ≈ 1.127497

The equivalent multiplier when the interest is compounded monthly is the 12th root of this,

  (e^0.12)^(1/12) = e^0.01 ≈ 1.0100502 = 1 + r

___

The amortization formula tells us that monthly payment amount A will pay off principal P in n months:

  P = A(1 -(1 +r)^-n)/r = $900(1 -1.0100502^-180)/0.0100502

  P = $74,748.11

The customer can pay off a 12% loan of $74,748.11 at the rate of $900 per month for 15 years.

You might be interested in
Which is the correct conversion from inches to feet
Charra [1.4K]
D is your answer 72/12= 6 so that is 6 feet
8 0
3 years ago
Read 2 more answers
jenette ordered a large bucket of popcorn at the movies.the graph shows the amount of popcorn in her bucket over time
Elenna [48]

Answer:

A

Step-by-step explanation:

5 0
2 years ago
GreenBeam Ltd. claims that its compact fluorescent bulbs average no more than 3.50 mg of mercury. A sample of 25 bulbs shows a m
Harrizon [31]

Answer:

(a) Null Hypothesis, H_0 : \mu \leq 3.50 mg  

     Alternate Hypothesis, H_A : \mu > 3.50 mg

(b) The value of z test statistics is 2.50.

(c) We conclude that the average mg of mercury in compact fluorescent bulbs is more than 3.50 mg.

(d) The p-value is 0.0062.

Step-by-step explanation:

We are given that Green Beam Ltd. claims that its compact fluorescent bulbs average no more than 3.50 mg of mercury. A sample of 25 bulbs shows a mean of 3.59 mg of mercury. Assuming a known standard deviation of 0.18 mg.

<u><em /></u>

<u><em>Let </em></u>\mu<u><em> = average mg of mercury in compact fluorescent bulbs.</em></u>

So, Null Hypothesis, H_0 : \mu \leq 3.50 mg     {means that the average mg of mercury in compact fluorescent bulbs is no more than 3.50 mg}

Alternate Hypothesis, H_A : \mu > 3.50 mg     {means that the average mg of mercury in compact fluorescent bulbs is more than 3.50 mg}

The test statistics that would be used here <u>One-sample z test</u> <u>statistics</u> as we know about the population standard deviation;

                          T.S. =  \frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n} } }  ~ N(0,1)

where, \bar X = sample mean mg of mercury = 3.59

            \sigma = population standard deviation = 0.18 mg

            n = sample of bulbs = 25

So, <em><u>test statistics</u></em>  =  \frac{3.59-3.50}{\frac{0.18}{\sqrt{25} } }

                               =  2.50

The value of z test statistics is 2.50.

<u>Now, P-value of the test statistics is given by;</u>

         P-value = P(Z > 2.50) = 1 - P(Z \leq 2.50)

                                             = 1 - 0.9938 = 0.0062

<em />

<em>Now, at 0.01 significance level the z table gives critical value of 2.3263 for right-tailed test. Since our test statistics is more than the critical values of z, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which </em><em><u>we reject our null hypothesis</u></em><em>.</em>

Therefore, we conclude that the average mg of mercury in compact fluorescent bulbs is more than 3.50 mg.

6 0
3 years ago
An equations'system
yaroslaw [1]

1. \: x =  \frac{11}{9} y +  \frac{5}{9}  \\  x =  \frac{5}{6} y +  \frac{1}{6}  \\  \\ 2. \: x =  \frac{3}{2} y + 2 \\ x =  \frac{3}{2} y + 2

3 0
3 years ago
How can I get the answer 24 by only using the numbers 8,8,3,3.
soldier1979 [14.2K]
8÷(3-(8÷3))
8 divided by 3 minus 8 divided by 3.
Make sure to include the brackets otherwise the answer will not work.
7 0
3 years ago
Other questions:
  • An atom of silicon is approximately 0.00000000025 meters wide. How do you express that number in scientific notation? O 25 10-10
    14·1 answer
  • Hi May I know how to solve this with step by step explanation please
    5·2 answers
  • Lucy wants to find out the number of frogs in a pond near her house. She catches 54 of them , puts the back in the pound. The ne
    12·2 answers
  • Two circles have the same radius. Complete the description for whether the combined area of the two circles is the same as the a
    11·2 answers
  • Which of these numbers is between 1 and 5/6?
    7·2 answers
  • Please help meeeeeeeeee help please
    11·1 answer
  • I need help on math can u guys pick 6 random ones and help give me the answer plz
    8·1 answer
  • The area of a rectangle is 144a^8b^4 square units. If the width of the rectangle is 8a²b^2 units, what is the length in units?
    6·2 answers
  • Which term best describes the graph of y = –2?
    7·2 answers
  • If a line passes thru the points (4,5) and (2,9) the slope of this line is
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!