9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
__
a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
__
b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
__
c) The amount that is interest is ...
$378,000 -157,823 = $220,177
Answer:
4.5 yard width, 12 yard length
Step-by-step explanation:
Answer:
x > -3.2
Step-by-step explanation:
Answer:
0.509
Step-by-step explanation:
Given that a random sample of 1016 adults in a certain large country was asked "Do you pretty much think televisions are a necessity or a luxury you could do without?"
Of the 1016 adults surveyed, 517 indicated that televisions are a luxury they could do without.
To find out the point estimate of population proportion of adults in the country who believe that televisions are a luxury they could do without.
We find that point estimate is nothing but sample proportion
Sample proportion = favourably voters/total people surveyed
= 
Answer:3.2
Step-by-step explanation: