The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 280000
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12
N time 20 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=280,000÷((1−(1+0.06÷12)^(
−12×20))÷(0.06÷12))
=2,006.01
Answer:
1. c
2. b
3. a
4. d
5. e
6. f
Step-by-step explanation:
Answer:
15.39% of the scores are less than 450
Step-by-step explanation:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean and standard deviation , the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
What percentage of the scores are less than 450?
This is the pvalue of Z when X = 450. So
has a pvalue of 0.1539
15.39% of the scores are less than 450
Answer:
$2560
Step-by-step explanation:
if 10%=256
then 10 times the amount 100% is 2560
$725.78
First timer. Do I need to write detailed solution?