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DerKrebs [107]
2 years ago
10

Imagine that you have the opportunity to purchase a large piece of land for $100,000, after taking out a loan. You have decided

to take out a loan for $135,000 in order to cover the cost of the land purchase and building your park. You have hired a financial adviser to help you explore different loan options and decide which one is best for you. Below you will see the different loan options. You will need to calculate the total cost of each loan with interest. Once you have do this you and your group members will need to decide which of the loan options is best for you and why.
Option #1 – charges 5% simple interest per year; this is a short-term loan for only 5-years.






Option #2 – charges 7% simple interest per year; this is a short-term loan for only 3-years.








Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)








Option #4 - charges 10% simple interest per year; only lasts 10 months






Option #5 - charges 12% simple interest per year; only lasts 6 months








Written Response

You will be meeting with your financial adviser in two days. Write out which loan option your group is choosing to use and why. You really want to impress her with how much thought you have put into this decision so be as detailed as possible.
Mathematics
2 answers:
MakcuM [25]2 years ago
3 0

what is this

Step-by-step explanation:

Option #1 – charges 5% simple interest per year; this is a short-term loan for only 5-years.

Option #2 – charges 7% simple interest per year; this is a short-term loan for only 3-years.

Option #3 – charges 3.2% simple interest per year; there is no time limit on this loan (as a group determine how long you think it will take you to make enough money to be able to pay back the loan with interest)

Option #4 - charges 10% simple interest per year; only lasts 10 months

Option what is this

Kryger [21]2 years ago
3 0

Answer:

Its option one

Step-by-step explanation:

Because 135,000/5=27000 then x5=135,000

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Test the claim that the mean GPA of Orange Coast students is smaller than the mean GPA of Coastline students at the 0.005 signif
algol [13]

Answer:

a) F. H 0 : μ O ≥ μ C

H 1 : μ O < μ C

b) B. two-tailed

d) t=\frac{(2.91-2.96)-0}{\sqrt{\frac{0.05^2}{60}+\frac{0.03^2}{60}}}}=-6.64  

e) p_v =P(t_{118}  

f) B. Reject the null hypothesis

Step-by-step explanation:

Information provided

\bar X_{O}=2.91 represent the mean for the Orange Coast

\bar X_{C}=2.96 represent the mean for the Coastline

s_{O}=0.05 represent the sample standard deviation for Orange Coast

s_{C}=0.03 represent the sample standard deviation for Coastline

n_{O}=60 sample size for Orange Coast

n_{C}=60 sample size for Coastline

\alpha=0.005 Significance level provided

t would represent the statistic

Part a

For this case we want to test the claim that the mean GPA of Orange Coast students is smaller than the mean GPA of Coastline students

Null hypothesis:\mu_{O} \geq \mu_{C}  

Alternative hypothesis:\mu_{O} < \mu_{C}  

F. H 0 : μ O ≥ μ C

H 1 : μ O < μ C

Part b

For this case we need to conduct a left tailed test.

B. two-tailed

Part d

The statistic is given by:

t=\frac{(\bar X_{O}-\bar X_{C})-\Delta}{\sqrt{\frac{s^2_{O}}{n_{O}}+\frac{s^2_{C}}{n_{C}}}} (1)  

And the degrees of freedom are given by df=n_1 +n_2 -2=60+60-2=118  

Replacing the info we got:

t=\frac{(2.91-2.96)-0}{\sqrt{\frac{0.05^2}{60}+\frac{0.03^2}{60}}}}=-6.64  

Part e

We can calculate the p value with this probability:

p_v =P(t_{118}  

Part f

Since the p value is a very low value compared to the significance level given of 0.005 we can reject the null hypothesis.

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Lines 2 & 3 are parallel.
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Answer:

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