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Alex73 [517]
4 years ago
12

You want to buy a house in 9 years. The estimated cost is $175,800.00. You want to make a 20% down payment and closing costs are

7%. How much in totality do you need to save each month to reach your goal if you cover closing costs and the down payment?
Mathematics
2 answers:
Vinvika [58]4 years ago
8 0
Given:
estimated cos/purchase pricet: 175,800.00
down payment: 10% of purchase price
closing costs: 7% of purchase price
years to save: 9 years

Down payment:
175,800 * 10% = 17,580

Closing cost:
175,800 * 7% = 12,306

Total cost to save for : 17,580 + 12,306 = 29,886

9 years * 12 months = 108 months

29,886 / 108 months = 276.72 savings per month.


wlad13 [49]4 years ago
6 0

Answer:

the answer is 439.50

Step-by-step explanation:

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A 95% confidence interval for a population mean is computed from a sample of size 400. Another 95% confidence interval will be c
Anna [14]

Answer:

The interval from the sample of size 400 will be approximately <u>One -half as wide</u> as the interval from the sample of size 100

Step-by-step explanation:

From the question we are told the confidence level is  95% , hence the level of significance is    

      \alpha = (100 - 95 ) \%

=>   \alpha = 0.05

Generally from the normal distribution table the critical value  of  \frac{\alpha }{2} is  

   Z_{\frac{\alpha }{2} } =  1.96

Generally the 95% confidence interval is dependent on the value of the margin of error at a constant sample mean or sample proportion

Generally the margin of error is mathematically represented as

      E = Z_{\frac{\alpha }{2} } * \frac{\sigma}{\sqrt{n} }    

Here assume that Z_{\frac{\alpha }{2} } \ and \  \sigma \ is constant so

     E =  \frac{k}{\sqrt{n} }

=>  E \sqrt{n} = K

=>   E_1 \sqrt{n}_1 =  E_2 \sqrt{n}_2

So  let  n_1 = 400 and n_2 =  100

=>   E_1 \sqrt{400} =  E_2 \sqrt{100}

=>  E_1 =  \frac{\sqrt{100} }{\sqrt{400} } E_2

=>  E_1 =  \frac{1}{2 } E_2

So From this we see that  the confidence interval for a sample size of 400 will be half that with a sample size of 100

   

     

   

7 0
3 years ago
At the beginning of the month, Sheryl had a balance of $120 in her checking account. She then made a purchase for $80, using her
Rama09 [41]
$80

add what you took out
3 0
3 years ago
Please help I’m confused?!?
olga2289 [7]
It is just asking you to reorder the number so that the smallest number is first and the largest number is last. 

The answer is: 8, 8.261, 8.4, 8.634
7 0
3 years ago
Read 2 more answers
Lynette buys candy at the grocery store. she gives half of the pieces to her son and 2 pieces to her daughter. if she has 4 piec
nevsk [136]

Let Lynette has originally candies in hand = x

She gave half to her son means x/2 given to son.

2 candies gave to daughter and left with 4.

x - x/2 - 2 = 4

adding 2 both sides

x - x/2 - 2 + 2 = 4 + 2

x - x/2 = 6

x /2 = 6

x = 12

Means she have 12 candies originally : Answer

Hope it will help :)

5 0
3 years ago
Reena saves AED 400 from her salary. If this is 10% of her salary. What is her salary?
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