The interest paid for the loan will be:
I=(PRT)/100
P=$749.25
R=12%
T=120 days=120/30=4 months=1/3 years
Hence:
I=(749.25×1/3×12)/100
I=$29.97
The proceeds will be:
Net proceeds=(gross proceeds)-(expenses)
=749.25-29.97
=$719.28
If it is in fraction you could do 5/1500 and reduce it to 1/300 , to change 1/300 to whole number it would be 3 , to change 1/300 to decimal it would be .03
Answer: $2,009
Step-by-step explanation:
345 + 125 = 470
470 + 21 = 491
2,500 - 491 = 2,009
Answer: To find the critical value, follow these steps.
Compute alpha (α): α = 1 - (confidence level / 100)
Find the critical probability (p*): p* = 1 - α/2.
To express the critical value as a z-score, find the z-score having a cumulative probability equal to the critical probability (p*).
Step-by-step explanation:
Answer:
-3
Step-by-step explanation:
If you were to graph that function, you would find it looks like the attached image. The y-intercept is -3.