James is in charge of the decorations. He has a total budget of $50 to spend for all of the decorations. James spends $20 on one
1 answer:
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Answer:
P=20%
Step-by-step explanation:
Let's suppose that each question in the test has one and only one correct answer. This means we have 1 desired outcome out of the total 5 desired outcomes. Therefore:
Probability=#of desired outcomes / #of possible outcomes
or
P=0.20
P=20%
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>
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
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