The purchase of the hydroponic system by Ingrid Nilsen for $4,000 with a 20% down payment at 10% APR for 36 months, and the related calculations, are as follows:

a) down payment = $800.00 ($4,000 x 20%)

b) amount financed = $3,200 ($4,000 - $800)

c) monthly payment = $103.25

d) total amount repaid = $4,517

e) finance charge = $517

<h3>How is periodic payment computed?</h3>

The amount of the periodic payment, finance charge, and total repayment can be computed using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Auto Price = $4,000

Loan Term = 36 months

Interest Rate = 10%

Down Payment = $800 ($4,000 x 20%)

Monthly Payment = $103.25

Total Loan Amount $3,200.00

Upfront Payment = $800.00 ($4,000 x 20%)

Total of 36 Loan Payments = $3,717. ($103.25 x 36)

Total Loan Interest = $517

Total Cost (price, interest, tax, fees) = $4,517

Thus, Ingrid Nilsen repaid a total of $4,517 with $517 in interest (finance charge).

Learn more about periodic payments at brainly.com/question/13098072

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1 year ago

With one method of a procedure called acceptance sampling, a sample of items is randomly selected without replacement and the en

GuDViN [60]

Answer:

$P = 0.1447$

Step-by-step explanation:

Given

$n = 7000$ -- total

$d = 180$ --- defective

$r = 6$ --- selected

Required

The probability of rejecting the batch

This means that at least one of the selected piece is defected.

So, we first calculate the probability that all the selected piece are accepted.

So, we have:

$Pr = \frac{7000 - 180}{7000} * \frac{6999 - 180}{6999}* \frac{6998 - 180}{6998}* \frac{6997 - 180}{6997}* \frac{6996 - 180}{6996}* \frac{6995 - 180}{6995}$

The denominator decreases by 1 because it is a probability without replacement; 180 is subtracted from the numerator to represent the number of non-defective CDs

So, we have:

$Pr = \frac{6820}{7000} * \frac{6819}{6999}* \frac{6818}{6998}* \frac{6817}{6997}* \frac{6816}{6996}* \frac{6815}{6995}$