PLZ HELP DUE IN 1 HOUR Do you think the mean would be an appropriate measure of center to describe the data shown in the histogr
am? Explain your answer.
1 answer:
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Answer:
$323
Step-by-step explanation:
The monthly payment can be calculated using the formula:
where:
- M=monthly payment
- P=amount borrowed
- r=annual interest rate
- n=total number of monthly payments:
Our parameters are defined as:
We plug our parameters in the equation to solve for M;
Hence, the monthly payment is $323