You will need the Total Loan Cost Formula which is
(I'm having trouble attaching the graphic - I think the problem is with Brainly).
If nothing else, go to this web page.
It has a calculator and the formula.
http://www.1728.org/loanfrm4.htm
I get an answer of $6,238.70
Answer:
0.1536
Step-by-step explanation:
The computation of probability that the building failure will occur over its life is shown below:-
P(building failure) is

now we will solve the above equation
= 0.18 - 0.0264
After solving the above equation we will get
= 0.1536
Therefore for computing the probability that the building failure will occur over its life we simply applied the above formula.
Answer:
Step-by-step explanation:
Draw your figures the same way as I did, and see if you understand the explanations before writing them down. It's most important to learn from your work :)