The group of values plugged into the TVM Solver of a graphing calculator that will return the amount of a 25-year loan with an APR of 16.8%, that is paid off with monthly payments of $340 is:
A. N=300; 1%-1.4; PV = PMT=-340; FV=0; P/Y=12; C/Y=12;PMT:END
What is monthly compounding?
Monthly compounding in this case the number of payments would be the number of monthly payments in 25 years, which is 300 monthly payments(i.e. 12*25=300), this means that options B and D are obviously incorrect because number of payments, N is given as 25( 25 years instead of 300 months)
What is monthly interest rate?
The monthly interest is the annual interest rate of 16.8% divided by 12, which is 1.40%, in short, option C is also wrong because I/Y(monthly interest rate) was as shown as an interest rate of 16.8% instead of 1.40%
Overall, the correct option is A, because the number of payments and interest rate were stated correctly, unlike other options that were incorrectly written
Find out about more about TVM Solver notations on:brainly.com/question/14586708
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Answers:
The z scores are approximately:
- Care of Magical Creatures: z = 0.333
- Defense Against the Dark Arts: z = 0.583
- Transfiguration: z = -0.263
- Potions: z = -0.533
From those scores, we can say:
- Best grade = Defense Against the Dark Arts
- Worst grade = Potions
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Further Explanation:
We'll need to convert each given score to a corresponding standardized z score.
The formula to use is
z = (x - mu)/sigma
where,
- x = given grade for each class
- mu = mean
- sigma = standard deviation
Let's find the z score for the Care of Magical Creatures class
z = (x - mu)/sigma
z = (3.80 - 3.75)/(0.15)
z = 0.333 approximately
Repeat this process for the Defense Against the Dark Arts score.
z = (x - mu)/sigma
z = (3.60 - 3.25)/(0.60)
z = 0.583 approximately
And for the Transfiguration class as well
z = (x - mu)/sigma
z = (3.10 - 3.20)/(0.38)
z = -0.263 approximately
The negative z score means his grade below the average, whereas earlier the other scores were above the average since he got positive z scores.
Now do the final class (Potions) to get this z score
z = (x - mu)/sigma
z = (2.50 - 2.90)/(0.75)
z = -0.533 approximately
This grade is below average as well.
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To summarize, we have these z scores
- Care of Magical Creatures: z = 0.333
- Defense Against the Dark Arts: z = 0.583
- Transfiguration: z = -0.263
- Potions: z = -0.533
Harry did his best in Defense Against the Dark Arts because the z score of 0.583 (approximate) is the largest of the four z scores. On the other hand, his worst grade is in Potions because -0.533 is the lowest z score.
Answer:
4
x value increases by 2 in the time it takes y value to increase by 8
8/2 = 4
