Answer: $206835.87
Explanation:
Based on the following information, Duane's affordable home purchase price will be calculated thus:
Step 1: $67200/12 = $5600
Step 2: $5600 × 33% = $1848
Step 3: $1848 - $320 = $1528
Step 4: ($1528/9.85) × 1000 = $155126.9
Step 5: $155126.9/(1 - 25%) = $206835.87
Note that for step 5, the affordable home purchase price was calculated as:
= Affordable mortgage amount/(1 - down payment%)
Duane's affordable home purchase price is $206835.87.
Answer:
D. illegal; Commerce
Explanation:
Such a prohibition would be illegal due to the commerce Clause of the United States Constitution
That would be the field of Psychiatry, which is he study of human behavior in correlation to medication therapy.
Answer:
0.4
Explanation:
This problem has been solved using the method of integration.
We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping
= X~U(20,45)
= 1/45-20
= 1/25
Then we get computation for p[29<x<39]
When we take the integrals with x = 1/25
We get
Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4
Answer:
$118.83 per month that Zach must save.
Explanation:
This is a future value annuity as we know the cruise will cost $16500 in 4 years time as estimated by Zach for the cruise.
Fv is the future value for the annuity which is $16500
we also have i the interest rate which is 3.99% monthly
n is the number of periods in which the monthly amount is saved 4 x 12 =48
now we will substitute to the following formula and solve for C the monthly payments that Zach saves for the cruise:
Fv =C [((1+i)^n -1)/ i] now we substitute
$16500 = C[((1+3.99%)^48 -1)/3.99%)] then solve for C
$16500/[(1+3.99%)^48 -1)/3.99%] = C
C = $118.83 that Zach must save per month for 4 years to afford the cruise.
