The present value (PV) of a loan for n years at r% compounded t times a year where there is equal P periodic payments is given by:

Given that <span>Beth
is taking out a loan of PV = $50,000 to purchase a new home for n = 25 years at an interest rate of r = 14.25%. Since she is making the payment monthly, t = 12.
Her monthly payment is given by:

Therefore, her monthly payment is about $611.50
</span>
Answer:
H₀: µ ≤ $8,500; H₁: µ > $8,500
z= +1.645
Step-by-step explanation:
From the given problem As average cost of tuition and room and board at a small private liberal is less than the financial administrator As hypothesis is true.
As standard deviation is $ 1,200
α = 0.05
H₀: µ ≤ $8,500
if the null hypothesis is true then value for critical z is +1.645.
Solve this problem by forming an equation
3x - 10 = 8
3x = 18
The width of the rectangle is 6 square feet.
2x4 + 2x2 = 32 because 2x4 equals 8 and then if you do 2x2 it equals 4.
multiply the two answers and get the answer to 8x4 which is 32.