Answer: 4230.14
Step-by-step explanation:
The amount that the balance is multiplied by each month is
.
So, after t months, the balance is .
Substituting in t=6, we get the balance is
, to the nearest hundredth.
The area under the normal curve between the mean and a score for which z= - 1.20 is
1 answer:
Answer: e. 0.3849
Step-by-step explanation:
We know that the mean lies exactly at the middle of the normal curve .
The z-score of the mean value is 0.
Also According to the standard normal probability table, the probability value of z=0 is P(z<0)=0.5.
And the probability value of z=-1.20 is P(z<-1.2) =0.1150697.
Now, the area under the normal curve between the mean and a score for which z= - 1.20 is given by :-
Hence, the area under the normal curve between the mean and a score for which z= - 1.20 is 0.3849 .
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Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?
3) What will be the average amount per payment for interest?