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abruzzese [7]
3 years ago
12

Giselle wants to buy a condo that has a purchase price of $163,000. giselle earns $2,986 a month and wants to spend no more than

25% of her income on her mortgage payment. she has saved up $33,000 for a down payment. giselle is considering the following loan option: 20% down, 30 year at a fixed rate of 6.25%. what modification can be made to this loan to make it a viable option, given giselle’s situation?
Mathematics
2 answers:
artcher [175]3 years ago
8 0

Answer:

option b

Step-by-step explanation:


Alborosie3 years ago
6 0
The condo costs $163,000, earns $2,986 per month, spends no more than 25% of her income, then if she pays $33,000 for the down payment, the remaining amount would be $130,000. Since 20% of the initial cost is only $32,600, she can adjust her down payment to 20.25% of the initial cost so that the annual payments would be less.
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The frequency table shows how many visits to the library students in a school have made in the last month.
vfiekz [6]
<h3>Answer:  2.8</h3>

=======================================================

Explanation:

Multiply each visit count with their corresponding frequency.

Examples:

  • 0*12 = 0 for the first row.
  • 1*366 = 366 for the second row
  • 2*53 = 106 for the third row

and so on...

I recommend making a third column like this

\begin{array}{|c|c|c|} \cline{1-3}\text{Visits} & \text{Frequency} & \text{Visits*Frequency}\\\cline{1-3}0 & 12 & 0\\\cline{1-3}1 & 366 & 366\\\cline{1-3}2 & 53 & 106\\\cline{1-3}3 & 52 & 156\\\cline{1-3}4 & 155 & 620\\\cline{1-3}5 & 243 & 1215\\\cline{1-3}\end{array}

That way you can keep track of all the results in an organized way.

Then add everything in the third column

0+366+106+156+620+1215 = 2463

Divide this sum over the total frequency (12+366+53+52+155+243 = 881) and we'll get the mean

2463/881 = 2.7956867

Rounding to one decimal place gets us to 2.8 as the final answer.

-------------

The much longer way to do this is to imagine 12 copies of "0", 366 copies of "1", 53 copies of "2", and so on. We'll have an extremely large data set of 881 items inside it. As you can see, this second method is definitely not recommended to actually carry out. Rather it's helpful to have this as a thought experiment to see why we revert to multiplication instead.

Eg: Imagine adding 155 copies of "4". A shortcut is to simply say 4*155 = 620

4 0
1 year ago
Read 2 more answers
Circle the reason for each of the following manipulations used to simplify the product (8x^2) (3x^7) ?
gayaneshka [121]

Answer:

fgd

Step-by-step explanation:

3 0
3 years ago
According to the empirical rule, if the data form a "bell-shaped" normal distribution, ________ percent of the observations will
jekas [21]
According to empirical rule, the area under the normal distribution or "bell-shaped curve", when plotted as a function of the z-parameter can be defined in terms of percentages.
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σ = standard deviation,

The total area under the curve = 1.
The curve below shows that within 2 standard deviations from the mean, the total area under the curve is 95%  of the total area.



Answer: 95%

5 0
3 years ago
What do you say when you get off a boat
Vanyuwa [196]

Usually people love to travel via boat including me :). At some point you need to get off from boat.

Question is asking about what should we say when we get off from boat. There can be lots of answers for this question because there is no fixed rule to leave the boat.

You may say good bye or wish the people who are still on the boat.

In fact you are free to say anything in the world. :)


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3 years ago
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