Answer:
2 11/12 mixed number
Step-by-step explanation:
5.7 of anything minus 3.9 of the same thing leaves 1.8 of them.
Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Answer:
The degrees of freedom associated with the critical value is 25.
Step-by-step explanation:
The number of values in the final calculation of a statistic that are free to vary is referred to as the degrees of freedom. That is, it is the number of independent ways by which a dynamic system can move, without disrupting any constraint imposed on it.
The degrees of freedom for the t-distribution is obtained by substituting the values of n1 and n2 in the degrees of freedom formula.
Degrees of freedom, df = n1+n2−2
= 15+12−2=27−2=25
Therefore, the degrees of freedom associated with the critical value is 25.