Answer:
In other respects, a balloon mortgage resembles an adjustable rate mortgage (ARM) with an initial rate period equal to the balloon period. A 7-year balloon, for example, is usually compared to a 7-year ARM. Both have a fixed-rate for 7 years, after which the rate will be adjusted.
Step-by-step explanation:
Answer:
1/2
Step-by-step explanation:
3/8 + 1/8=
4/8=
1/2
Answer:
1. X-intercept
Step-by-step explanation:
Answer: For 95% Confidence Interval:
Upper Limit = 110.2
Lower Limit = 97.8
95% Confidence Interval = [97.8, 110.2]
Step-by-step explanation:
Given that,
Mean(M) = 104
Standard Deviation(SD) = 10
Sample Size(n) = 10
Formula for calculating 95% Confidence Interval are as follows:
Standard error(SE) =
= 
= 3.164
⇒ M ±
× SE
= 104 ± (1.96)(3.164)
= 104 ± 6.20
∴ Upper Limit = 104 + 6.20 = 110.2
Lower Limit = 104 - 6.20 = 97.8
So,
95% Confidence Interval = [97.8, 110.2]