Solution:
Let x = amount invested at 6% and
let y = amount invested at 2%.
We can set up some equations that describe x and y:
"$17,200 is invested total" means
x + y = $17,200
"The interest earned from the amount invested at 6% exceeds the interest earned from the amount invested at 2% by $441.00" means
0.06x = 0.02y + $441.00
Solve for x in the first equation to get x = 17,200 - y, then plug that into the second equation and solve for y:
0.05(17,200 - y) = 0.02y + 441.00
860 - 0.06y = 0.02y + 865.35
5.35 - 0.09y = 0.02y
154.80 = 0.11 y
1407 = y
So, $1407 was invested at 2%. Plug y = 1407 into the first equation and solve for x:
x + 1407 = 17,200
x = 15,793
So, $15,793 was invested at 6%.
Answer:
obligation ratio: 0.3081 = 30.81%
Explanation:
Total oblication will include all the payment:
property taxes: 2,100 / 12 = 175
insurance: 600 / 12 = 50
car monthly payment: 450
mortage monthly payment: 557.35
Total obligation: 1,232.35
<u>mortgage monthly payment:</u>
PV 110,000
time 360 (30 years x 12 months per year)
rate 0.00375 (0.045 divide into 12 months to get the monthly rate)
C 557.354
<u>total obligation ratio:</u>
1,32.35 / 4,000 = 0.3081
Answer:
The correct answer is bivariate correlation, two, direction, strength
Explanation:
The correlation is based on linear association, that is, when the values of one variable increase the values of the other variable can increase or decrease proportionally. For example, height and weight have a positive linear relationship, as height increases the weight increases. If we plot a point with both variables the point cloud will resemble a diagonal if there is a correlation between the variables.
This is a depreciation method based on units of production.
The formula for this method is:
(original cost of equipment - salvage value) / number of units expected during useful life
Answer:
I would have to say A. Yes
Explanation:
If they have a stronger dollar that doesn't drop in value quickly then they can keep on accepting that currency reliably.