Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
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Answer:
Interval [16.34 , 21.43]
Step-by-step explanation:
First step. <u>Calculate the mean</u>

Second step. <u>Calculate the standard deviation</u>



As the number of data is less than 30, we must use the t-table to find the interval of confidence.
We have 6 observations, our level of confidence DF is then 6-1=5 and we want our area A to be 80% (0.08).
We must then choose t = 1.476 (see attachment)
Now, we use the formula that gives us the end points of the required interval

where n is the number of observations.
The extremes of the interval are then, rounded to the nearest hundreth, 16.34 and 21.43
Answer:
D) $8.20
Step-by-step explanation:
82 x 0.1 = 8.2
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