Answer:
Principal element is $475.43
Interest payment is $390
Step-by-step explanation:
The amount of interest paid in month one is 4%*$117,000*1/12=$390
The interest is calculated based on the annual interest rate of 4% apportioned to reflect one month interest by multiplying by 1/12
The principal element of monthly payment is the monthly payment minus interest.
principal paid in month one=$865.43-$390=$475.43
Ultimately,$475.43 goes toward reducing her loan balance while the $390 is interest on loan
Answer:
1,496 new car buyers
Step-by-step explanation:
The sample size n in Simple Random Sampling is given by

where
z = 1.645 is the critical value for a 90% confidence level (*)
p= 0.33 is the population proportion.
e = 0.02 is the margin of error
so

<em>(*)</em><em>This is a point z such that the area under the Normal curve N(0,1) inside the interval [-z, z] equals 90% = 0.9</em>
It can be obtained in Excel or OpenOffice Calc with
<em>NORMSINV(0.95)</em>
We have to find the" ratio of the area of sector ABC to the area of sector DBE".
Now,
the general formula for the area of sector is
Area of sector= 1/2 r²θ
where r is the radius and θ is the central angle in radian.
180°= π rad
1° = π/180 rad
For sector ABC, area= 1/2 (2r)²(β°)
= 1/2 *4r²*(π/180 β)
= 2r²(π/180 β)
For sector DBE, area= 1/2 (r)²(3β°)
= 1/2 *r²*3(π/180 β)
= 3/2 r²(π/180 β)
Now ratio,
Area of sector ABC/Area of sector DBE =
= 4/3
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