1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mice21 [21]
3 years ago
15

Carmine took out 28- year loan for $151,000 at an APR of 9.9%, compounded monthly, while Richie took our a 28- year loan for $11

6, 000 at an APR 9.9%, compounded monthly. Who would save more by paying off his loan 17 years early?
A;Carmine would save more, since he has $35,000 more in principal.
B; Richie would save more, since he has $35,000 less in principal.
C; Richie would save more, since he has $35,000 more in principal.
D;Carmine would save more, since he has $35,000 less in principal.
Mathematics
2 answers:
nadezda [96]3 years ago
8 0
Carmin 151000(1+9.9%/12)^204=??? richie 116000(1+9.9%/12)^204=???
CaHeK987 [17]3 years ago
7 0

Answer:A

Step-by-step explanation:

You might be interested in
The sum of two numbers is 67. if one of the numbers is p, express the other number in terms of p
Ierofanga [76]
Since the sum of two numbers is 67
and one number is p
so the other number is (67-p)
3 0
2 years ago
A sample of 47 observations is selected from a normal population. The sample mean is 30, and the population standard deviation i
erma4kov [3.2K]

Answer:

We accept the null hypothesis and reject  the alternate hypothesis. There is no evidence to conclude that the population mean is greater than 29. The population mean is less than or equal to 29.

Step-by-step explanation:

We are given the following in the question:

Population mean, μ = 29

Sample mean, \bar{x} = 30

Sample size, n = 47

Alpha, α = 0.05

Population standard deviation, σ = 5

First, we design the null and the alternate hypothesis

H_{0}: \mu \leq 29\\H_A: \mu > 29

a) This is a one-tailed test because the alternate hypothesis is in greater than direction.

We use One-tailed z test to perform this hypothesis.

b) z_{stat} > z_{critical} , we reject the null hypothesis and accept the alternate hypothesis and if z_{stat} < z_{critical} , we accept the null hypothesis and reject  the alternate hypothesis.

c) Formula:

z_{stat} = \displaystyle\frac{\bar{x} - \mu}{\frac{\sigma}{\sqrt{n}} }

Putting all the values, we have

z_{stat} = \displaystyle\frac{30 - 29}{\frac{5}{\sqrt{47}} } = 1.37

d) Now, z_{critical} \text{ at 0.05 level of significance } = 1.64

Since,  

z_{stat} < z_{critical}

We accept the null hypothesis and reject  the alternate hypothesis. There is no evidence to conclude that the population mean is greater than 29. The population mean is less than or equal to 29.

e) P-value is 0.0853

On the basis of p value we again accept the null hypothesis.

5 0
3 years ago
A city has two water towers. One tower holds 7.35 x 105 gallons of water and the other tower holds 9.78 x 105 gallons of water.
Sonja [21]

Answer:

Your correct answer is A) 1.713 x 106

Step-by-step explanation:

Hope this helps :) -Mark Brainiest Please :)

6 0
2 years ago
Px + qy = r<br> 2px - qy = 2r<br> When solving this system of equations, x =
VladimirAG [237]
Px + qy = r
2px - qy = 2r
----------------add
3px = 3r

x = 3r/3p
x = r/p
8 0
3 years ago
Read 2 more answers
Area of the plane figure
Viefleur [7K]

Answer:

Area = 16.8 * 7 / 2 = 58.8 ft2

Step-by-step explanation:

Have

18.2^2 = 7^2 + a^2

-> a^2 = 18.2^2 - 7^2

-> a^2 = 282.24

-> a = 16.8

Area = 16.8 * 7 / 2 = 58.8 ft2

3 0
3 years ago
Other questions:
  • What is the volume of the cone? (Use 3.14 for π .) the height is 17ft nd the radius is 10ft
    6·1 answer
  • How do I do this problem?
    9·1 answer
  • Interior angle of triangles
    6·1 answer
  • Students heights in inches were obtained as part of a study and a frequency distribution was constructed with the first class ha
    14·1 answer
  • A 5,000 principal is invested into two accounts, one earning 1% and another earning 6% interest. If the total interest for the y
    14·1 answer
  • Can you answer this question
    14·1 answer
  • Britney building dollhouse that was a scale model of her own house the dog House was 10 inches long while her actual house had a
    15·1 answer
  • Find the area in hectares of a rectangular farmland 1km by 1/2km​
    13·2 answers
  • Help me with this math question please
    12·1 answer
  • Math!! please please helppp!!!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!