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:
2.5
Step-by-step explanation:
Answer:
The correct answer to the following question will be "0.438".
Step-by-step explanation:
Just because Mrs. Gomes finds around 40% of students in herself high school are studying chemistry.
Although each student becomes independent of one another, we may conclude:
"x" number of the students taking chemistry seems to be binomial to p = constant probability = 0.40
Given:
Number of surveys
= 12
Exactly 4 students have taken chemistry:



On substituting the above equation, we get the probability of approximately "0.438".
So that the above would be the appropriate answer.
Answer:
Tyrone paid the higher markup rate.
Step-by-step explanation:
Tyrone and Terri both bought sofas with installment loans.
Tyrone bought his own with a sticker price of $1350 by paying $74 a month for 24 months. Therefore,
74 × 24 = $1776
The mark up = $1776 - $1350 = $426
Tyrone markup rate = 426/24 = $17.75 per month
Terri bought his own with sticker price of $950 by paying $52 a month for 24 months. Therefore,
52 × 24 = $1248
mark up = $1248 - $950 = $298
Terri markup rate = 298/24 = $12.4166666667 = $12.42 per month
178.50 = 11.90y + 10.50x ⇒ equation in standard form.