Answer:
x = ±3
Step-by-step explanation:
x^2 +3 = 12
Subtract 3 from each side
x^2 +3-3 = 12-3
x^2 = 9
Take the square root of each side
sqrt(x^2) =±sqrt(9)
x = ±3
The monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25% is (B) $2,605.87 (approx).
<h3>
What is a loan?</h3>
- A loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, or other entities in finance.
- The recipient (i.e., the borrower) incurs a debt and is typically required to pay interest on that debt until it is repaid, in addition to repaying the principal amount borrowed.
- The document evidencing the debt will typically include information such as the principal amount borrowed, the interest rate charged by the lender, and the date of repayment.
- A loan is the temporary reallocation of the subject assets between the lender and the borrower.
To find the monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25%:
- The purchase price is = $445500
- 5% is down payment = 0.05 × 445500 = 22275
- Loan amount is = 445500 - 22275 = 423225
- The EMI formula is = [p × r (1+r)ⁿ]/[(1+r)ⁿ-1]
- p = 423225
- r = 6.25/12/100=0.0052
- n = 30 × 12 = 360
- Putting the values in the formula we get:
- [423225 × 0.0052 × (1.0052)³⁶⁰]/[(1.0052)³⁶⁰-1]
- = $2603.17
Therefore, the monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25% is (B) $2,605.87 (approx).
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The correct question is given below:
If the purchase price for a house is $445,500, what is the monthly payment if you put 5% down for a 30-year loan with a fixed rate of 6.25%?
a. $2,740.19
b. $2,605.87
c. $1,314.84
d. $1,249.10
The margin of error for a 95% confidence interval is 0.93.
mean (μ) = 23.4, standard deviation (σ) = 7.6, sample (n) = 254, confidence = 95% = 0.95
α = 1 - C = 1 - 0.95 = 0.05
α/2 = 0.05/2 = 0.025
The z score of α/2 is equal to the z score of 0.475 (0.5 - 0.025) which is equal to 1.96.
The margin of error (E) is given by:
The margin of error for a 95% confidence interval is 0.93.
Find out more at: brainly.com/question/10501147
Answer:
Step-by-step
To convert radians to degrees, multiply by 180π , since a full circle is 360° or 2π radians.
Answer:
(-2, 2)
Step-by-step explanation:
Well first you would have to graph both inequalities.
y = mx + b
b is the y-axis intercept
m is the slope
