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3 years ago

10

What is a lifetime cap ?

2 answers:

Mashcka [7]3 years ago

6 0

A lifetime cap is the maximum upper limit interest rate allowable on an adjustable-rate mortgage.

Sphinxa [80]3 years ago

5 0

<h2>Answer:</h2>

Lifetime gap is the maximum amount of money that should be given on a mortgage loan.

<h2>Step-by-step explanation:</h2>

A lifetime cap, or life cap, tells a borrower the maximum interest rate they could pay during the life of the loan. This cap usually applies to the life of the mortgage. A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. So the maximum amount that a borrower must repay to the lender in case of a mortgage is called the lifetime gap.

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A manufacturing process makes rods that vary slightly in length but follow a normal distribution with mean length 25 cm and stan

Galina-37 [17]

Answer:

The probability of randomly selecting a rod that is shorter than 22 cm

P(X<22) = 0.1251

Step-by-step explanation:

<u><em>Step(i):</em></u>-

Given mean of the Population = 25cm

Given standard deviation of the Population = 2.60

Let 'x' be the random variable in normal distribution

Given x=22

$Z = \frac{x-mean }{S.D} = \frac{22-25}{2.60} = -1.15$

<u><em>Step(ii):</em></u>-

The probability of randomly selecting a rod that is shorter than 22 cm

P(X<22) = P( Z<-1.15)

= 1-P(Z>1.15)

= 1-( 0.5+A(1.15)

= 0.5 - A(1.15)

= 0.5 - 0.3749

= 0.1251

The probability of randomly selecting a rod that is shorter than 22 cm

P(X<22) = 0.1251

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Answer: $\Large\boxed{Point~B'~=~(-4,~-2)}$

Step-by-step explanation:

<u>Given information</u>

Point B = (-2, -4)

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<u>Concept:</u>

When reflecting over the line y = x, the position of y and x in the original coordinate switches places.

This is because it is " y = x ", assuming that they could interchange

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Point B' = (x', y') = (y, x) = $\Large\boxed{(-4,~-2)}$

<em>Please refer to the attachment below for a graphical understanding</em>

Hope this helps!! :)

Please let me know if you have any questions

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1 year ago