Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Mixed numbers are a mix of a whole number and a fraction
a easy one is
1 and 1/4+1 and 3/4
1 and 1/2 +1 and 1/2
1 and 9/10 and 1 and 1/10
etc
A^-b is the same as 1/a^b.
When there is a negative power, place the number and power over 1.
a^b/a^c = a^(b-c).
c is a negative power, because it is being divided, and is underneath b, which is a positive (and so it stays in the numerator).
a^c/b^c = (a/b)^c
Inside this one, the power of c is distributed to all numbers inside the parenthesis, in this case a and b.
hope this helps
Answer:
The large sample n = 1713.96
Step-by-step explanation:
<u>Explanation</u>:-
given the population proportion was estimated to be 0.22
population proportion (P) = 0.22
The 95 % level of significance = 1.96≅ 2
The margin of error = 0.02
The formula of margin error
… ( i )
Substitute 'p' values in equation (1)
cross multiplication and simplification, we get
squaring on both sides, we get
the large sample n = 1713.96
