By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula ![PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}](https://tex.z-dn.net/?f=%20PV%20%3D%20A%20%5Cfrac%7B%5B1-%20%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%7D%5D%7D%7Br%7D%20)
, we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula ![FV = A\frac{[(1+r)^{N}-1]}{r}](https://tex.z-dn.net/?f=%20FV%20%3D%20A%5Cfrac%7B%5B%281%2Br%29%5E%7BN%7D-1%5D%7D%7Br%7D%20%20%20)
, we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$
The common factor is b since they both share it.
Hope this helps
Answer:
(27.3692 ; 44.6308)
Step-by-step explanation:
Mean, xbar = 36
Standard deviation, s = 11
Sample size, n = 12
Tcritical at 0.2, df = 12 - 1 = 11 ; Tcritical = 2.718
Confidence interval :
Xbar ± Margin of error
Margin of Error = Tcritical * s/sqrt(n)
Margin of Error = 2.718 * 11/sqrt(12) = 8.6308
Confidence interval :
Lower boundary : 36 - 8.6308 = 27.3692
Upper boundary : 36 + 8.6308 = 44.6308
(27.3692 ; 44.6308)
Answer:
2
Step-by-step explanation:
|a+x|/2 − |a−x|/2 , if a=−2; x=−6
Evaluate this expression
Simply plug in the numbers
| -2 + -6 | /2 - |-2 - -6|/2
|-8| /2 - |4|/2
4 - 2
2
Original equation is 
So, 
and
If we compare this equation with the given options, we can easily find that this matches with the last one 
with P = p/2.
Hence, correct option is .
