Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:
Sample size should be atleast 617
Step-by-step explanation:
given that a 95% confidence interval for the mean of a population is to be constructed and must be accurate to within 0.3 unit.
i.e. margin of error <0.3
Std devition sample = 3.8
For 95% assuming sample size large we can use z critical value
Z critical = 1.96
we have
Sample size should be atleast 617 to get an accurate margin of error 0.3
Answer:
0.08333333333
Step-by-step explanation:
(1/3)/4 in a calculator
Answer:
Would you mind posting a picture instead thank you.