Chapter 7 need help ASAP
1 answer:
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Answer:
see below
Step-by-step explanation:
First of all, you want to find the data set the matches the extreme values of 5 and 35. That eliminates the 2nd and 4th choices.
Then you want to find the data set that has a median of 15. The first data set has a middle value (median) of 20, so that choice is eliminated.
The data set of the 3rd choice matches the box plot extremes, median, and quartile values.
Answer:
The "total loan cost" formula is what you'll need (and it is attached).
Interest =1.25 / 1,200 = 0.0010416667
and "n" is number of months (6 years = 72 months)
Total Loan Cost = (r*p*n) / 1 -((1 + r)^-n)
Total Loan Cost = (0.0010416667 * 12,000 * 72) / 1 -((1.0010416667)^-72)
Total Loan Cost = 900 / 1 -0.9277797019
Total Loan Cost = 900 / 0.0722202981
Total Loan Cost = 12,461.87
Step-by-step explanation:
