Answer:
Step-by-step explanation:
I hope I helped you.
Bob Rohrman is offering a 2017 Toyota Camry for $29,000. If you have a 7% down payment and are able to borrow the rest at a 2.99
1 answer:
Monthly installment payment is $597 .Total payments is $28,649
Step-by-step explanation:
Down payment = $29,000×7 ÷100= $2,030
Loan amount = $29,000 - 2,030 = $26,970
Interest rate = 2.99%
Repayment period = 48 months (4 years)
simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
= 26,970 (1+0.0299) × 4) +p =$28,648.51
Monthly payment = $596.84 (or) $597 (rounded off)
Total payments is $28,649
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Answer:
The answer is below
Step-by-step explanation:
The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given as:
Given that μ = $72,641 and σ = $30,000.
a) x > $100000
P(x > 100000) = P(z > 0.91) = 1 - 0.8186 = 0.1814
b) n = 5
x > $100000
P(x > 100000) = P(z > 2.04) = 1 - 0.9793 = 0.0207
c) n = 10
x > $100000
P(x > 100000) = P(z > 2.88) = 1 - 0.9980 = 0.002