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Zarrin [17]
3 years ago
5

A family has a $93,411, 20-year mortgage at 5.4% compounded monthly. Find the monthly payment. Also find the unpaid balance afte

r 5 years and after 10 years The monthly payment is SO. (Round to two decimal places.)
Mathematics
1 answer:
Mademuasel [1]3 years ago
7 0

Answer:

  • payment: $637.30
  • 5-year balance: $78,505.48
  • 10-year balance: $58,991.59

Step-by-step explanation:

1. The relevant formula for computing the monthly payment A from principal P and interest rate r for loan of t years is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

Filling in the numbers and doing the arithmetic, we get ...

  A = $93,411(0.054/12)/(1 -(1 +0.054.12)^-(12·20)) ≈ $637.30

__

2. The relevant formula for computing the remaining balance after n payments of amount p on principal P at interest rate r is ...

  A = P(1 +r/12)^n -p((1 +r/12)^n -1)/(r/12)

Filling in the given values and doing the arithmetic, we get ...

  A = $93,411(1.0045^60) -637.30(1.0045^60 -1)/(0.0045) ≈ $78,505.48

__

3. The same formula with n=120 gives ...

  A = $93,411(1.0045^120) -637.30(1.0045^120 -1)/(0.0045) ≈ $58,991.59

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A candy bar has 250 calories and a small carrot has 15 calories. Write an algebraic expression to find how many calories are in
Svetllana [295]

It's too short. Write at least 20 characters to explain it well.

4 0
3 years ago
In the following problem, check that it is appropriate to use the normal approximation to the binomial. Then use the normal dist
Marrrta [24]

Answer:

a) Bi [P ( X >=15 ) ] ≈ 0.9944

b) Bi [P ( X >=30 ) ] ≈ 0.3182

c)  Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) Bi [P ( X >40 ) ] ≈ 0.0046  

Step-by-step explanation:

Given:

- Total sample size n = 745

- The probability of success p = 0.037

- The probability of failure q = 0.963

Find:

a. 15 or more will live beyond their 90th birthday

b. 30 or more will live beyond their 90th birthday

c. between 25 and 35 will live beyond their 90th birthday

d. more than 40 will live beyond their 90th birthday

Solution:

- The condition for normal approximation to binomial distribution:                                                

                    n*p = 745*0.037 = 27.565 > 5

                    n*q = 745*0.963 = 717.435 > 5

                    Normal Approximation is valid.

a) P ( X >= 15 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=15 ) ] = N [ P ( X >= 14.5 ) ]

 - Then the parameters u mean and σ standard deviation for normal distribution are:

                u = n*p = 27.565

                σ = sqrt ( n*p*q ) = sqrt ( 745*0.037*0.963 ) = 5.1522

- The random variable has approximated normal distribution as follows:

                X~N ( 27.565 , 5.1522^2 )

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 14.5 ) ] = P ( Z >= (14.5 - 27.565) / 5.1522 )

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= -2.5358 ) = 0.9944

                N [ P ( X >= 14.5 ) ] = P ( Z >= -2.5358 ) = 0.9944

Hence,

                Bi [P ( X >=15 ) ] ≈ 0.9944

b) P ( X >= 30 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >=30 ) ] = N [ P ( X >= 29.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X >= 29.5 ) ] = P ( Z >= (29.5 - 27.565) / 5.1522 )

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 )

- Now use the Z-score table to evaluate the probability:

                P ( Z >= 0.37556 ) = 0.3182

                N [ P ( X >= 29.5 ) ] = P ( Z >= 0.37556 ) = 0.3182

Hence,

                Bi [P ( X >=30 ) ] ≈ 0.3182  

c) P ( 25=< X =< 35 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( 25=< X =< 35 ) ] = N [ P ( 24.5=< X =< 35.5 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( 24.5=< X =< 35.5 ) ]= P ( (24.5 - 27.565) / 5.1522 =<Z =< (35.5 - 27.565) / 5.1522 )

                N [ P ( 24.5=< X =< 25.5 ) ] = P ( -0.59489 =<Z =< 1.54011 )

- Now use the Z-score table to evaluate the probability:

                P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

               N [ P ( 24.5=< X =< 35.5 ) ]= P ( -0.59489 =<Z =< 1.54011 ) = 0.6623

Hence,

                Bi [P ( 25=< X =< 35 ) ] ≈ 0.6623

d) P ( X > 40 ) ?

 - Apply continuity correction for normal approximation:

                Bi [P ( X >40 ) ] = N [ P ( X > 41 ) ]

- Now compute the Z - value for the corrected limit:

                N [ P ( X > 41 ) ] = P ( Z > (41 - 27.565) / 5.1522 )

                N [ P ( X > 41 ) ] = P ( Z > 2.60762 )

- Now use the Z-score table to evaluate the probability:

               P ( Z > 2.60762 ) = 0.0046

               N [ P ( X > 41 ) ] =  P ( Z > 2.60762 ) = 0.0046

Hence,

                Bi [P ( X >40 ) ] ≈ 0.0046  

4 0
4 years ago
8 1/3 divided by 4 2/7 will give brainlist if good answer
Oksanka [162]

Answer:

175/90 or in its simplest form, 35/18 or 1 17/18

Step-by-step explanation:

1. Convert both fractions into improper fractions

  • 8 1/3 becomes 25/3 (3 × 8 = 24, 24 + 1 = 25)
  • 4 2/7 becomes 30/7 (4 × 7 = 28, 28 + 2 = 30)

2. Use KFC

  • Keep the first fraction the same
  • Flip the second fraction
  • Change the sign from ÷ to ×

25/3 ÷  30/7 = 25/3 × 7/30

  • 25 × 7 = 175
  • 8 × 12 = 90
  • 175/90 = 35/18 (divide the numerator and denomiator by 5) or 1 17/18

Hope this help!

5 0
3 years ago
0.00000000005 in scientific notation
marta [7]

It can be written as 5 x 10^ -11 or 0.5 x 10^ -10

Hope it helps.

4 0
3 years ago
Lin ran 2 3/4 miles in 2/5 of an hour, Noah ran 8 2/3 miles in 4/3 of an hour, how far would NOah run in 1 hour?
Natasha2012 [34]

Answer:

The distance cover by Noah in 1 hour to cover distance is 6.5 miles

Step-by-step explanation:

Given as :

The distance cover by Lin = 2 \dfrac{3}{4} miles = \dfrac{11}{4} miles

The time taken to cover distance by Lin =  \dfrac{2}{5} hours

<u>Again</u>

The distance cover by Noah = 8 \dfrac{2}{3} miles = \dfrac{26}{3} miles

The time taken to cover distance by Noah =  \dfrac{4}{3} hours

Let the distance cover by Noah in 1 hour = d miles

∵ The distance cover by Noah in \dfrac{4}{3} hours = \dfrac{26}{3} miles

∴ The distance cover by Noah in 1 hour = \frac{\frac{26}{3}}{\frac{4}{3}}

I.e d = \frac{26\times 3}{4\times 3} miles

or, d = \dfrac{13}{2} = 6.5 miles

So, The distance cover by Noah in 1 hour = d = 6.5 miles

Hence, The distance cover by Noah in 1 hour to cover distance is 6.5 miles Answer

8 0
3 years ago
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