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
gavmur [86]
3 years ago
7

Miranda obtains a $296,000 15/5 balloon mortgage with a rate of 6.75%. What will her monthly payments be?

Mathematics
1 answer:
S_A_V [24]3 years ago
7 0
The main formula for computing it,  is 
P=R[1-(1+i)^-n)] / i
P the present value of annuity = $296,000
15/5 balloon mortgage, <span> 15 is the number of years during which the initial interest rate applies
6.75%=6.75/100=0.0675 and i= 0.0675/12
n=12*15=180 months
</span>(1+i)^-n= (1+0.0675/12)^-180=0.364
1-(1+i)^-n / 0.0675/12 =1-0.364/0.0675/12=0.63/0.0675/12=112
$296,000=R x 112,  finally we found R= $296,000 /112=$2642.8<span>

</span>her monthly payments will be $2642.8
You might be interested in
Hi guys, how to calculate this in system?<br><br> {2a+3b=14<br> {5b+4a=20<br><br> Thanks,
Tom [10]

Step-by-step explanation:

there it is

and if u need more help tell me

5 0
2 years ago
Can 2 Yards And 60 Inches Be Expressed as a ratio. If Yes, Express In Simplest Form .
Simora [160]

Answer:

no

Step-by-step explanation:

u needn't

6 0
2 years ago
Read 2 more answers
A common blood test performed on pregnant women to screen for chromosome abnormalities in the fetus measures the human chorionic
goldfiish [28.3K]

Answer:

(a) The proportion of women who are tested, get a negative test result is 0.82.

(b) The proportion of women who get a positive test result are actually carrying a fetus with a chromosome abnormality is 0.20.

Step-by-step explanation:

The Bayes' theorem states that the conditional probability of an event <em>E</em>_{i}, of the sample space <em>S,</em> given that another event <em>A</em> has already occurred is:

P(E_{i}|A)=\frac{P(A|E_{i})P(E_{i})}{\sum\liits^{n}_{i=1}{P(A|E_{i})P(E_{i})}}

The law of total probability states that, if events <em>E</em>₁, <em>E</em>₂, <em>E</em>₃... are parts of a sample space then for any event <em>A</em>,

P(A)=\sum\limits^{n}_{i=1}{P(A|B_{i})P(B_{i})}

Denote the events as follows:

<em>X</em> = fetus have a chromosome abnormality.

<em>Y</em> = the test is positive

The information provided is:

P(X)=0.04\\P(Y|X)=0.90\\P(Y^{c}|X^{c})=0.85

Using the above the probabilities compute the remaining values as follows:

P(X^{c})=1-P(X)=1-0.04=0.96

P(Y^{c}|X)=1-P(Y|X)=1-0.90=0.10

P(Y|X^{c})=1-P(Y^{c}|X^{c})=1-0.85=0.15

(a)

Compute the probability of women who are tested negative as follows:

Use the law of total probability:

P(Y^{c})=P(Y^{c}|X)P(X)+P(Y^{c}|X^{c})P(X^{c})

          =(0.10\times 0.04)+(0.85\times 0.96)\\=0.004+0.816\\=0.82

Thus, the proportion of women who are tested, get a negative test result is 0.82.

(b)

Compute the value of P (X|Y) as follows:

Use the Bayes' theorem:

P(X|Y)=\frac{P(Y|X)P(X)}{P(Y|X)P(X)+P(Y|X^{c})P(X^{c})}

             =\frac{(0.90\times 0.04)}{(0.90\times 0.04)+(0.15\times 0.96)}

             =0.20

Thus, the proportion of women who get a positive test result are actually carrying a fetus with a chromosome abnormality is 0.20.

6 0
3 years ago
Write the equation in Standard Form.<br> y+1 = - 4 (x+4)
hichkok12 [17]
Y+4x+7 is the answer
8 0
3 years ago
Read 2 more answers
What value in Vertex Form moves the graph up?
Leno4ka [110]
Changing from negative to positive
6 0
2 years ago
Other questions:
  • A refrigerator contains 6 apples, 5 oranges, 10 bananas, 3 pears, 7 peaches, 11 plums, and 2 mangos. imagine you stick your hand
    12·1 answer
  • How do I evaluate the expression? What steps do I take?
    12·1 answer
  • Here is a probability scale:
    10·1 answer
  • A rectangular prism has a length of 414 in., a width of 3 in., and a height of 114 in.
    6·2 answers
  • Write the slope -intercept form of an equation of the line that passes through the given point and is parallel to the graph of t
    5·1 answer
  • Benjamin's age is 6 years less than twice Lucas's age. If Benjamin is 12 years old, how old is Lucas? Choose the answer below th
    6·1 answer
  • Gina Needs To Pack 130 Pens, 50 Pencils And 20 Erasers Into Identical Gift Bags So That Each Item Is Equally Distributed Among T
    12·1 answer
  • Consider a game in which you flip a coin. If it comes up heads, you earn 1 point; if it comes up tails, you earn 0 points. What
    8·1 answer
  • How much is 3 liters in 50 bottles
    15·1 answer
  • Lily Hayes ran a distance of 3.57 miles on Saturday as a part of her morning workout. On Sunday, she ran 4.98 miles. How many mi
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!