A homeowner has a ten‑year home-improvement loan for $36,875. What are the annual payments required by the loan if the annual ra
te of interest is 4 percent
1 answer:
Answer:
$4,546.35
Explanation:
We use the PMT formula that is to be presented in the attachment. kindly find out below:
Provided that,
Present value = $36,875
Future value or Face value = $0
Rate = 4%
NPER = 10 years
The formula is shown below:
= -PMT(Rate;NPER;PV;FV;type)
So, after solving this, the annual payment required is $4,546.35
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<em>Question Continuation</em>
<em>The probability that a respondent read a book in the last month and is at least 30 years old is the closest to </em>
<em> A. 0.33 </em>
<em> B. 0.88 </em>
<em> C. 0.46 </em>
<em> D. 0.12 </em>
<em>See Attachment for complete question </em>
Answer:
A. 0.33
Explanation:
To solve this question, we need the intersecting cell of Yes and 30+
The probability is then calculated as follows:
Where Total = 200
From the list of given options; (A) is the closest to 0.325
Hence:
<em>Option A answers the question</em>
