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Korvikt [17]
3 years ago
9

Brooke took out a 4-year loan for $1825 at a computer store to be paid back with monthly payments at a 12.5% APR. If the loan of

fers no payments for the first 17 months, how many payments will Brooke be required to make?
A. 31
B. 48
C. 65
D. 17
Mathematics
2 answers:
Solnce55 [7]3 years ago
8 0

Answer:

Answer would be 'A.31'.

Step-by-step explanation:

Given

Present value of loan = $1825

Time for returning the loan = 4 years,

Number of months in 1 year = 12,

So, the number of months in 4 years = 12 × 4 =  48

Number of months spent = 17,

∴ Remaining months = 48 - 17 = 31

Since, the payment of the loan is monthly.                                  

Hence, he will be required 31 payments to pay the loan amount.

i.e. OPTION 'A' is correct.

Vera_Pavlovna [14]3 years ago
8 0

Answer:

31

Step-by-step explanation:

Apex Confirmed

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18. A set of data has a sample mean of 65.4 and a standard deviation of 1.2. If the sample size is 45, what is the 99% confidenc
Agata [3.3K]

Given:

Sample mean = 65.4

Standard deviation = 1.2

Sample size = 45

Confidence level = 99%

To find:

The confidence interval.

Solution:

The formula for confidence interval is

CI=\overline{x}\pm z^*\dfrac{s}{\sqrt{n}}

where, \overline{x} is sample mean, z* is confidence value, s is standard deviation and n is sample size.

Confidence value or z-value at 99% = 2.58

Putting the given in the above formula, we get

CI=65.4\pm 2.58\times \dfrac{1.2}{\sqrt{45}}

CI=65.4\pm 0.46

CI=65.4-0.46\text{ and }CI=65.4+0.46

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Therefore, the correct option is D.

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