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Answer: D. 80% of the home’s value</h3>
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Explanation:
As you probably expect, the first number 80 refers to the percentage the first loan covers. If the house is say $100,000, then the first loan is $80,000 while the second loan is the remaining $20,000.
An 80/20 mortgage, or similar, will have two monthly payments because you are getting two mortgages bundled together. Usually you should pay a down payment, though it may likely depend on your credit history. Those with good credit will pay less or no down payment, compared to those with worse credit will have to pay more down payment. A good rule of thumb is that 20% of the home's value is made as down payment, though this isn't what the "20" in "80/20" is referring to.
An 80% down payment is extremely high and unreasonable. Not many people have that kind of money laying around. A similar story applies to a 20% interest rate which is incredibly large for a mortgage rate (typically they are in the single digits such as 3%).
Answer:
First, I would check and see if she was correct. If she wasnt, I would simply show her why she was incorrect. If I was to accidently short her, I would give her the money and move on with my day. if she refused to leave after showing her that I gave her the correct amount of money, she would probably call for the manager. I'd get the manager, explain what happened, and the annoying customer would most likely get kicked out of the store.
(P.S: sorry if it was a little confusing lol)
Answer:
the answer is 28/3 in exact form, 9.3 in decimal form and 9 1/3 in mixed number form. I hope it helps!
Answer:
The expected number of times is 4.
Step-by-step explanation:
Looking at the question, we see that this follows a geometric distribution because it is asking for the expected number of trials hat will bring about the FIRST SUCCESS. The probability of success is
Since it is a geometric distribution, we know that the expected value of a random variable X, E(X) that follows a geometric distribution is given as:
E(X) = 1/p where p is the probability of success.
Therefore, the expected number of times will be
E(X) = 1/(1/p) = 1/(1/4) = 4.
Hence, the expected number of times is 4.
