8x - 23 because you answer them until you have it all simplified
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
Part A:
The probability that a normally distributed data with a mean, μ and standard deviation, σ is greater than a given value, a is given by:

Given that the average precipitation in
Toledo, Ohio for the past 7 months is 19.32 inches with a standard deviation of 2.44 inches, the probability that <span>a randomly selected year will have precipitation greater than 18 inches for the first 7 months is given by:

Part B:
</span>The probability that an n randomly selected samples of a normally distributed data with a mean, μ and
standard deviation, σ is greater than a given value, a is given by:

Given that the average precipitation in
Toledo, Ohio for the past 7 months is 19.32 inches with a standard deviation of 2.44 inches, the probability that <span>5 randomly selected years will have precipitation greater than 18 inches for the first 7 months is given by:
</span>