Answer:
monthly payment = $56.445
Step-by-step explanation:
given data
loan = $5000
interest rate r = 5.3 % = 0.053
time t = 2 year = 24 months
solution
we will use here amount of the monthly payments formula that is
monthly payment = principal ×
................1
put here value and we get
monthly payment = 5000 × 
monthly payment = $56.445
Answer:
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Answer:
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Answer:

Step-by-step explanation:
-The margin of error is calculated using the formula:

-We substitute the values, n=900 and ME=30 in the formula to solve for standard deviation:

Hence, the population standard deviation is 547.1125
Answer: 2 months, Total cost= $72
Step-by-step explanation:
Let x denote the number of months then
For Club A fee= 28+22x
For Club B fee= 16+28x
Equating both we get
28 + 22x= 16+28x
28-16= 28-22x
12= 6x
x= 2
So after 2 months the fee will be same i.e. 28+22(2)= $72