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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.

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ryzh [129]

I believe the answer is B.) 9and27/32

Best of luck.

6 0
3 years ago
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A newly hired basketball coach promised a high-paced attack that will put more points on the board than the team’s previously te
puteri [66]

Answer:

a. z = 2.00

Step-by-step explanation:

Hello!

The study variable is "Points per game of a high school team"

The hypothesis is that the average score per game is greater than before, so the parameter to test is the population mean (μ)

The hypothesis is:

H₀: μ ≤ 99

H₁: μ > 99

α: 0.01

There is no information about the variable distribution, I'll apply the Central Limit Theorem and approximate the sample mean (X[bar]) to normal since whether you use a Z or t-test, you need your variable to be at least approximately normal. Considering the sample size (n=36) I'd rather use a Z-test than a t-test.

The statistic value under the null hypothesis is:

Z= X[bar] - μ  = 101 - 99 = 2

σ/√n 6/√36

I don't have σ, but since this is an approximation I can use the value of S instead.

I hope it helps!

7 0
3 years ago
Please answer answer now fast
iren [92.7K]

Answer:

fge or fgc

I think that because its kinda like the same

5 0
2 years ago
Read 2 more answers
Suppose Johnny invests $2,745 into an account, which has been earning interest for many years and he now has a total of $39,974.
Doss [256]
A negative number in this wouldn't be applicable.
Johnny started out with $2,745 in the beginning, EARNING (This being the key word) interest each year. Therefore, he comes out with $39,974, not being a negative number. 

Hope I helped! ^-^
5 0
3 years ago
I got a screenshot, You got answer
liq [111]

Answer:

A. V = (pi)(3.25)^2(12)

Step-by-step explanation:

The formula for the volume of a cylinder is the formula for the area of the circle, times the height of the cylinder. The formula for the volume of a circle is,

A = (pi)(r)^2

Multiply that by the height to find the formula for the volume of a cylinder,

V=(pi)(r)^2(h)

Where (pi) represents the value (3.1415), (r) represents the radius, and (h) represents the height of the cylinder. Now substitute in the given values, remember, this problem gives the diameter of the cylinder, divide that value by two to find the radius.

V=(pi)(\frac{6.5}{2})^2(12)\\\\V = (pi)(3.25)^2(12)

3 0
3 years ago
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