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elena55 [62]
2 years ago
15

Your credit card has a balance of $3300 and an annual interest rate of 14%. You decided to pay off the balance over two years. I

f there are no further purchases charged to the card, you must pay $158.40 each month, and you will pay a total interest of $501.60. Assume you decided to pay off the balance over one year rather than two. How much more must you pay each month and how much less will you pay in total interest?
Mathematics
1 answer:
NARA [144]2 years ago
3 0

9514 1404 393

Answer:

  • $137.90 more each month
  • $246.00 less total interest

Step-by-step explanation:

The amortization formula is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...

  A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30

The payment of $296.30 is ...

  $295.30 -158.40 = $137.90 . . . more each month

The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...

  $501.60 -255.60 = $246.00 . . . less total interest

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In the past decades there have been intensive antismoking campaigns sponsored by both federal and private agencies. In one study
astra-53 [7]

Answer:

C. z = 2.05

Step-by-step explanation:

We have to calculate the test statistic for a test for the diference between proportions.

The sample 1 (year 1995), of size n1=4276 has a proportion of p1=0.384.

p_1=X_1/n_1=1642/4276=0.384

The sample 2 (year 2010), of size n2=3908 has a proportion of p2=0.3621.

p_2=X_2/n_2=1415/3908=0.3621

The difference between proportions is (p1-p2)=0.0219.

p_d=p_1-p_2=0.384-0.3621=0.0219

The pooled proportion, needed to calculate the standard error, is:

p=\dfrac{X_1+X_2}{n_1+n_2}=\dfrac{1642+1415}{4276+3908}=\dfrac{3057}{8184}=0.3735

The estimated standard error of the difference between means is computed using the formula:

s_{p1-p2}=\sqrt{\dfrac{p(1-p)}{n_1}+\dfrac{p(1-p)}{n_2}}=\sqrt{\dfrac{0.3735*0.6265}{4276}+\dfrac{0.3735*0.6265}{3908}}\\\\\\s_{p1-p2}=\sqrt{0.00005+0.00006}=\sqrt{0.00011}=0.0107

Then, we can calculate the z-statistic as:

z=\dfrac{p_d-(\pi_1-\pi_2)}{s_{p1-p2}}=\dfrac{0.0219-0}{0.0107}=\dfrac{0.0219}{0.0107}=2.05

z=2.05

4 0
3 years ago
Consider a binomial distribution of 200 trials with expected value 80 and standard deviation of about 6.9. Use the criterion tha
mote1985 [20]

Answer:

The correct answer is option 'a' : 120 is more than 2.5 standard deviations above the expected value.

Step-by-step explanation:

For an exponential distribution we have

The expected value μ = 80

No of trails n = 200

Thus we have

p=\frac{80}{200}=0.4

The deviation is related to expected value and probability as

\sigma =\sqrt{np(1-p)}\\\\\therefore \sigma =\sqrt{200\cdot 0.4\cdot (1-0.4)}=6.9

Thus the values between the given deviation is

x_{1}=80-2.5\times 6.9=62.75\\\\x_{2}=80+6.9\times 2.5=97.25

Now since 120 successes are out of the range of [62.75,97.25] thus 120 is more than the expected value.

5 0
3 years ago
Select the correct answer.
Nataly_w [17]

Answer:

<em>The translation corresponds to a translation of 13 units to the right</em>

Step-by-step explanation:

<u>Translation of a Graph</u>

If the graph of

y=f(x) is translated a units horizontally, then the equation of the translated graph is

y =f(x - a)

The value of a is considered positive for translations to the right.

The parent function is

y = x

and the given function is

y = x - 13

The translation corresponds to a translation of 13 units to the right

6 0
3 years ago
Given log Subscript 3 Baseline 2 almost-equals 0. 631 and log Subscript 3 Baseline 7 almost-equals 1. 771, what is log Subscript
kari74 [83]

You can use the properties of logarithm to get to the solution.

The approximate value for given term is given by

log_3(14) \approx 2.402

<h3>What is logarithm and some of its useful properties?</h3>

When you raise a number with an exponent, there comes a result.

Lets say you get

a^b = c

Then, you can write 'b' in terms of 'a' and 'c' using logarithm as follows

b = log_a(c)

Some properties of logarithm are:

log_a(b) = log_a(c) \implies b = c\\\\\log_a(b) + log_a(c) = log_a(b \times c)\\\\log_a(b) - log_a(c) = log_a(\frac{b}{c})

<h3>Using the above properties</h3>

log_3(2) + log_3(7) = log_3(2 \times 7) = log_3(14)\\\\0.631 + 1.771  = log_3(14)\\\\log_3(14) = 2.402

Thus,

The approximate value for given term is given by

log_3(14) \approx 2.402

Learn more about logarithm here:

brainly.com/question/20835449

5 0
2 years ago
Read 2 more answers
I need help with this problem
MrMuchimi

Answer:

sorry i can't see it properly I am very sorry

3 0
1 year ago
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