Answer: b) -0.625
<u>Step-by-step explanation:</u>
The formula for the z-score is:
Answer:
SLOPE IS -3
Step-by-step explanation:
4-7 over 0-(-1)
Answer:
a.
the function we are working with
Step-by-step explanation:
f(x) is functions notation which means the output for the function being worked with. It is the y value hence y=f(x).
You are told to ignore the amount of principal paid, so you are apparently to assume the loan amount was for $50 thousand.
a) The old monthly payment was $10.67×50 = $533.50
b) The new monthly payment is $11.72×50 = $586.00
c) The increase in monthly payment is figured in the usual way:
... (new/old -1)×100% = (1.0984-1)×100% = 9.84%
_____
In reality, about 3% of the loan will have been paid at the end of 2 years. Thus, the original loan amount may have been near $51,500. This problem is telling you to ignore the difference.
