Answer:
19 cents or 0.199
Step-by-step explanation:
Hope it helped!
Answer: b) -0.625
<u>Step-by-step explanation:</u>
The formula for the z-score is:
Let B be the event that Andrea passes her test, and let A be the event
<span>that she studies. We are given that P(A and B) = 17/20, and that P(A) = 15/16. </span>
<span>Now the probability that Andrea passes her test given that she has studied </span>
<span>is represented by P(BlA). The formula your teacher gave you can be written as </span>
<span>P(BlA) = P(A and B) / P(A). </span>
<span>So P(BlA) = P(A and B) / P(A) = (17/20) / (15/16) = (17/20)*(16/15) = 68/75.</span>
We are NOT told 1) the finance charge and 2) the amount of time
<span>
<span>
19,850.00
<span>
Car Price
+1,488.75 Sales Tax
</span>
<span>
</span><span> -1,000.00
Down Payment
</span>
20,338.75
</span>
</span>
This is the amount being financed
Using a loan calculator http://www.1728.org/calcloan.htm
We see that if the loan is for 9.382% and it is for 5 years,
Then the monthly payment is $425.98
We will make 60 (12 months * 5) monthly payments resulting in a total loan cost of 425.98 * 60 =
<span>
<span>
25,558.80
</span>
</span>
Total Loan Cost
-20,338.75 Money Being Financed
5,220.05 Five Year's Interest
********************************************************************
THIS ISN'T EXACTLY RIGHT - SCROLL TO THE BOTTOM
So, 5,220.05 / 60 = Interest Paid each month.
= $87.00
So,
425.98
-87.00
<span>
<span>
338.98
</span>
</span>
Each month goes toward the principal.
******************************************************************************************
Although, the monthly payment remains exactly the same each month, the amount going toward interest and the amount going to equity (what you own), changes drastically each month.
See the mortgage calculator
http://www.1728.org/mortmnts.htm
So, your first payment, of 452.98 pays for $159.02 in interest and $266.95 in principal.
