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weeeeeb [17]
3 years ago
9

Macy has a 20 year adjustable rate mortgage with a fixed rate for the first 7 years. In the 8th year, the interest rate rises to

6.2%. The remaining balance at the end of the 7th years is $398,381.20. What is the monthly payment in the 8th year?
Mathematics
2 answers:
Crank3 years ago
8 0
The answer is indeed 3,725.90. The reason why is because <span>with each adjustment, you take the remaining balance and calculate a fixed rate loan for the remaining time period at the new rate. When you follow that procedure with the data you already have, you get that answer.</span>
natka813 [3]3 years ago
4 0

Answer:

3725.90

Step-by-step explanation:

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In an effort to improve scores on college-entrance exams, the principal at a large high school chooses 35 students
denpristay [2]

Using the t-distribution, it is found that the test statistic for the hypotheses test is given by:

t = \frac{-1.75 - 0}{\frac{7.12}{\sqrt{35}}}

<h3>What are the hypotheses tested?</h3>

At the null hypotheses, it i tested if the mean difference remains the same, that is:

H_0: \mu  = 0

At the alternative hypotheses, it is tested if it has decreased, hence:

H_a: \mu < 0.

<h3>What is the test statistic?</h3>

The test statistic is given by:

t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}

The parameters are:

  • \overline{x} is the sample mean.
  • \mu is the value tested at the null hypothesis.
  • s is the standard deviation of the sample.
  • n is the sample size.

The parameters are given as follows:

\overline{x} = -1.75, s = 7.12, n = 35.

Hence the test statistic is given by:

t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}

t = \frac{-1.75 - 0}{\frac{7.12}{\sqrt{35}}}

More can be learned about the t-distribution at brainly.com/question/16162795

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5 0
1 year ago
Algebra 1 (pic included)
Marizza181 [45]
If you are given that b = 2, then just plug it in:
2(2)-4 = 4-4 = 0

So, your final answer is 0.
3 0
3 years ago
The top and bottom lines are parallel. what is the value of X?
nataly862011 [7]

Answer:

B, the answer is B or C believe me

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
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Paraphin [41]

Answer:

Divide the 1st equation by 2

a + 2c = 19

Divide the 2nd equation by 3

a + c = 13.5

Subtract the 1st equation and the 2nd equation

c = 5.5

Substituting back into the 2nd equation will give:

a + 5.5 = 13.5

a = 8

Step-by-step explanation:

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3 years ago
What is the area of a trapezoid if the base is 5, 17, 5 and height is 4
Snowcat [4.5K]

Answer:

Step-by-step explanation:

Trapezoid

Solve for area

A=44

a Base  

5

b Base  

17

h Height  

4

7 0
2 years ago
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