Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
It would be 3 beacuse w=3
Answer:
108
Step-by-step explanation:
Hope it helps also give me brainliest
Answer:
since -3.73 is less than 1.645, we reject H₀.
Therefore this indicate that the proposed warranty should be modified
Step-by-step explanation:
Given that the data in the question;
p" = 13/20 = 0.65
Now the test hypothesis;
H₀ : p = 0.9
Hₐ : p < 0.9
Now lets determine the test statistic;
Z = (p" - p ) / √[p×(1-p)/n]
= (0.65 - 0.9) /√[0.9 × (1 - 0.9) / 20]
= -0.25 / √[0.9 × 0.1 / 20 ]
= -0.25 / √0.0045
= -0.25 / 0.067
= - 3.73
Now given that a = 0.05,
the critical value is Z(0.05) = 1.645 (form standard normal table)
Now since -3.73 is less than 1.645, we reject H₀.
Therefore this indicate that the proposed warranty should be modified
