Question

Asked Sep 23, 2019

12 views

265,000 is borrowed to buy a house. If the simple interest rate on the 30 year loan is 8.25% find the interest paid on the loan and the total amount paid back.

Step 1

Given

The amount borrowed = $265,000

Simple interest = 8.25%

Loan tenure = 30 years

The total interest amount paid on loan P at i% simple interst for ...

Tagged in

Find answers to questions asked by student like you

Show more Q&A

Q: Here are some data on the petal lengths of irises in cm. This is actually part of one of the built-i...

A: a).For the given data, Stem and leaf plot using MINITAB software is given below.Software procedure:S...

Q: How do I find the variance for a math problem

A: Introduction:The variance of a set of observations is the average of the sum of squared deviations f...

Q: Critical Thinking Look at the histogram in Figure 2-10(a), which shows mileage, in miles per gallon ...

A: (a) Bimodel:A data set is said to be bimodal if it has two modes. If a histogram of a data set have ...

Q: a sample of n=300 male college freshmen has a mean weight of 160 with a standard devation of 11. how...

A: It is given that the weight of freshmen follows normal distribution with mean of 160 and standard de...

Q: ________________________ consists of statements concerning the relationship or association among ___...

A: Given question is objective question,________________________ consists of statements concerning the ...

Q: 1. A normal population has mean of "u"=20 and standard deviation Q=4. Questions: a. What proportion ...

A: 1.a.It is given that mean of and standard deviations of the normal population are 20 and 4 respectiv...

Q: Please help with this question: Please match the description of an event of a certain discrete rando...

A: Note:In the right-hand side column, where the expressions for probabilities are given, you seem to h...

Q: The manager of a computer software company wishes to study the number of hours per week senior execu...

A: 1. According to the provided data, the null and the alternative hypotheses can be stated as:

Q: Question 3: From the data below;x1 1 2 3 4 5y1 3 7 5 11 14 a) Compute the mean square error b) Compu...

A: (a)Step-by-step procedure to obtain the mean square error using EXCEL software:Create the variable t...