The group of values plugged into the TVM Solver of a graphing calculator that will return the amount of a 25-year loan with an APR of 16.8%, that is paid off with monthly payments of $340 is:
A. N=300; 1%-1.4; PV = PMT=-340; FV=0; P/Y=12; C/Y=12;PMT:END
What is monthly compounding?
Monthly compounding in this case the number of payments would be the number of monthly payments in 25 years, which is 300 monthly payments(i.e. 12*25=300), this means that options B and D are obviously incorrect because number of payments, N is given as 25( 25 years instead of 300 months)
What is monthly interest rate?
The monthly interest is the annual interest rate of 16.8% divided by 12, which is 1.40%, in short, option C is also wrong because I/Y(monthly interest rate) was as shown as an interest rate of 16.8% instead of 1.40%
Overall, the correct option is A, because the number of payments and interest rate were stated correctly, unlike other options that were incorrectly written
Find out about more about TVM Solver notations on:brainly.com/question/14586708
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Answer:
Less than. <
Step-by-step explanation:
Answer:
the answer is below
Step-by-step explanation:
We have the total number of possible samples = 4 * 4 = 16 (As 4 choices for each value)
in addition we have to as all sample occur with equal probability, probability of each sample = 1/16, below is samling distribution of mean
x1 x2 probabilityP(x1,x2) sample mean
190 190 1/16 190
190 100 1/16 145
190 272 1/16 231
190 74 1/16 132
100 190 1/16 145
100 100 1/16 100
100 272 1/16 186
100 74 1/16 87
272 190 1/16 231
272 100 1/16 186
272 272 1/16 272
272 74 1/16 173
74 190 1/16 132
74 100 1/16 87
74 272 1/16 173
74 74 1/16 74
Summarizing above with adding duplicate values
sample mean probability
74 1/16
87 1/8
100 1/16
132 1/8
145 1/8
173 1/8
186 1/8
190 1/16
231 1/8
272 1/16
