Answer:
$403.15
Step-by-step explanation:
Principal loan amount is the total amount minus down-payment:

Knowing that
, the monthly payments can be calculated using the formula:
![M=P[\frac{r(1+r)^n}{(1+r)^n-1}]\\\\=23000\frac{(0.006658(1.006658)^{72}}{1.006658^{72}-1}\\\\=403.15](https://tex.z-dn.net/?f=M%3DP%5B%5Cfrac%7Br%281%2Br%29%5En%7D%7B%281%2Br%29%5En-1%7D%5D%5C%5C%5C%5C%3D23000%5Cfrac%7B%280.006658%281.006658%29%5E%7B72%7D%7D%7B1.006658%5E%7B72%7D-1%7D%5C%5C%5C%5C%3D403.15)
Hence, the monthly payment is $403.15
Answer:A?
Step-by-step explanation:
120 divided by 8= 15
15 students per year is the answer.
Answer:
We need an SRS of scores of at least 153.
Step-by-step explanation:
We have that to find our
level, that is the subtraction of 1 by the confidence interval divided by 2. So:

Now, we have to find z in the Ztable as such z has a pvalue of
.
So it is z with a pvalue of
, so 
Now, find M as such

In which
is the standard deviation of the population and n is the size of the sample.
How large an SRS of scores must you choose?
This is at least n, in which n is found when
. So







Rounding to the next whole number, 153
We need an SRS of scores of at least 153.