Answer:
$1,127.86
Step-by-step explanation:
The amortization formula is ...
A = Pr/(1 -(1+r)^-n)
where A is the payment amount, P is the principal amount, r is the interest rate per period, and n is the number of periods.
Here, we have P=$16,231, r=0.051/4=0.01275, n=4·4=16.
So, the payment is ...
A = $16,231·0.01275/(1 -1.01275^-16) = $1,127.86
The quarterly payment amount is $1,127.86.
The slope is the number in front of the x when y is on the side by itself.
Slope = -1/2
3^y power because it was stated that y is greater than x so a number to the power of y will always be greater than a number to the power of x. Btw that looks a lot like the one I have lol
Answer:
Test statistic (t) = 0.625
Step-by-step explanation:
<u><em>Step(i):-</em></u>
mean of the Population(μ) = 10.4 hours
Sample mean (x⁻) = 10.7 hours
Standard deviation of the sample( S) = 1.44
The level of significance (α= 0.1
Sample size 'n' = 9
Degrees of freedom = n-1 = 9-1 =8
<u><em>Step(ii)</em></u>:-
Test statistic
