Answer:
Step-by-step explanation:
Principal amount = 30,000
I = 9% is compounded monthly ⇒ 0.09/12 = 0.0075
n= 10 years ⇒ 10* 12 = 120 periods
Formula for decreasing annuity payments is R =[ I/[1 - (1+I)^(-n)]] * P
R = 0.0075/[1 - 1.0075^(-120)] * 30,000 = $380, amount of each payment
Total amount paid is = 380*12*10 = 45600
Interest paid = Total amount - loan amount = 45600 - 30000 = 15600
Hi it’s 4.27 x 10^5 (to the 5th power)
Answer:
1
Step-by-step explanation:
sorry if wrong
ask if you need work
I made a probability tree. Pls. see attachment.
Based on the probability tree I made, below are the probabilities
Probability of a student accepted at both Dartmouth and Harvard is:
50% x 40% = 20%
Probability of a student accepted at Dartmouth but not Harvard is:
50% x 60% = 30%
Probability of a student not accepted at Dartmouth but accepted in Harvard is:
50% x 20% = 10%
Probability of a student not accepted in both schools is:
50% x 80% = 40%
As you can see, these probabilities total 100%