Indices: What is 3^2 × 3^-1
1 answer:
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Answer:
Part A:
Rent = $7380
Mortgage payments = $9800
Insurance = $145
Taxes, insurance, maintenance = = $2830
Loss of Interest on security deposit = (650*6%) = $39
Interest lost on down payment and closing cost = (4,500*6%) = $270
Growth in equity = $225
Annual appreciation = $1700
Tax savings for mortgage interest = (9,575*28%) = $2,681
Tax savings for property taxes = (1,780*28%) = $498
Total rental cost = dollars
Total buying costs = dollars
Part B:
You should consider rent because the cost of renting is less than the cost of buying.
Answer:
The arithmetic mean is 10.9
Step-by-step explanation:
In this question, we are tasked with calculating the arithmetic mean using the information given.
The arithmetic mean or otherwise called the average is the sum of all the values in a given set divided by the number of elements or count of the elements in that particular data set
Mathematically, the arithmetic mean can be found by dividing the sum of the data values by the number of data values.
In equation form, we have
Inserting the values, we have Arithmetic mean = 10998/1007 = 10.92 which is 10.9 to the nearest tenth