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Ganezh [65]
3 years ago
12

You have just purchased a car and, to fund the purchase, you borrowed $32,000. If your monthly payments are $615.13 for the next

5 years, what is the APR of the loan?
Mathematics
1 answer:
charle [14.2K]3 years ago
7 0

9514 1404 393

Answer:

  5.76%

Step-by-step explanation:

There is no formula for APR. It must be found using an iterative calculation, as from a spreadsheet or financial calculator.

__

The value can also be found graphically from the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where A is the monthly payment, P is the principal amount of the loan, r is the annual rate, and t is the number of years.

This can be put into a form that can be solved easily by a graphing calculator. We want it to find the x-intercept of f(x) = 0, so we define ...

  f(x) = A(P, x/100, t) -615.13

where A(P, r, t) is defined above, and we let r = x/100 so x is the APR. The graph shows us the APR is 5.763%.

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What is 30 less than 4 times a number is equal to 14
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3 years ago
Suppose that administrators at a large urban high school want to gain a better understanding of the prevalence of bullying withi
boyakko [2]

Answer:

lower limit =0.261

upper limit =0.369

Step-by-step explanation:

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".  

The margin of error is the range of values below and above the sample statistic in a confidence interval.  

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".  

Description in words of the parameter p

p represent the real population proportion of people that have experienced bullying

X= 63 people in the random sample that have experienced bullying

n=200 is the sample size required  

\hat p=\frac{63}{200}=0.315 represent the estimated proportion of people that have experienced bullying

z_{\alpha/2} represent the critical value for the margin of error  

The population proportion have the following distribution  

p \sim N(p,\sqrt{\frac{p(1-p)}{n}})

Numerical estimate for p

In order to estimate a proportion we use this formula:

\hat p =\frac{X}{n} where X represent the number of people with a characteristic and n the total sample size selected.

\hat p=\frac{63}{200}=0.315 represent the estimated proportion of people that they were planning to pursue a graduate degree

Confidence interval

The confidence interval for a proportion is given by this formula  

\hat p \pm z_{\alpha/2} \sqrt{\frac{\hat p(1-\hat p)}{n}}  

For the 90% confidence interval the value of \alpha=1-0.90=0.1 and \alpha/2=0.05, with that value we can find the quantile required for the interval in the normal standard distribution.  

z_{\alpha/2}=1.64  

And replacing into the confidence interval formula we got:  

0.315 - 1.64 \sqrt{\frac{0.315(1-0.315)}{200}}=0.261  

0.315 - 1.64 \sqrt{\frac{0.315(1-0.315)}{200}}=0.369  

And the 90% confidence interval would be given (0.261;0.369).  

We are confident at 90% that the true proportion of people that they were planning to pursue a graduate degree is between (0.261;0.369).  

lower limit =0.261

upper limit =0.369

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the shortest route is from cabin site to B

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Use the following function rule to find f(r+4). simplify your answer .. f(n)=n+4
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