The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
The graph is shown in the attached image.
Calculate for the mean/ average of the given numbers:
μ = (1 + 2 + 3 + 4 + 5) / 5 = 3
Then, we calculate for the summation of the squares of differences of these numbers from the mean, S
S = (1 - 3)² + (2 - 3)² + (3 - 3)² + (4 - 3)² + (5 - 3)²
S = 10
Divide this summation by the number of items and take the square root of the result to get the standard deviation.
SD = sqrt (10 / 5) = sqrt 2
SD = 1.41
Thus, the standard deviation of the given is equal to 1.41.