3.4.1 If you buy a computer directly from the manufacturer for $2500 and agree to repay it in 48 equal installments at 1.25% interest per month on the unpaid balance, how much will your monthly payments be and how much total interest will you pay?

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

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Q: 4. An investor is considering two investments. One is a 91-day deposit which pays a compound rate of…

A: Given, Time is 91 days. Rate of interest compounded annually is 3% Now we shall calculate the total…

Q: 4) You want to invest money in an account that pays 8% nominal interest compounded annually. What…

A: Consider the compound interest formula.   FV=P1+rnntwhere FV is the future value of the deposit…

Q: 1. Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the…

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Q: Question 14 Esther pays $355 per month for 6 years for a car She made a down payment of $2.500 If…

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Q: 1. a) How much money should be deposited into an account paying interest at a rate of 7.5%…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: 5. Joanne deposits $4,300 into a 1-year CD at a rate of 2.3%, compounded daily. a. What is her…

A: The formula for compound interest is A=P1+rnnt where P is the principle amount A is the amount n is…

Q: 4.9 For a Federal Credit Union that offers an interest rate of 8% per year, compounded monthly…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: 4)  I) Calculate the simple interest earned on a investment of $ 400,000 after 12 years at a rate of…

A: Simple interest formula:                     SI = P x R x T  SI = Simple Interest P = Investment R =…

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Q: 14 How much must be deposited in an account paying 7 percent if interest of $100 is to be eamed in…

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Q: Suppose you want to purchase a house. Your take-home pay is $⁢3610 per month, and you wish to stay…

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Q: Find the mortgage payment for a 15-year loan of $224,100 at an annual interest rate of 8.15%. (Round…

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Q: Your client believes that they will have $2,400,000.00 in a retirement account in 26 years. If the…

A: Given data is: Retirement amount is A=$2,400,000.00 Time (t)=26 years The inflation rate is  r=1.5%…

Q: 7. Suppose you make an investment that increases from an original principal of $3500 to an…

A: As per our guidelines we are supposed to solve only one question. For the solution of the first…

Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: a. An investment offers GH¢ 2,250 per year for 15 years, with the first payment occurring one year…

A: We'll answer the first question since the exact one wasn't specified.  Please submit a new question…

Q: 15. How long will it take an initial deposit of $1500.00 to increase in value to $2500.00 in a…

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Q: c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year…

A: It is given that the mean is 14.4% and the standard deviation is 4.4%.

Q: In calculating an effective semi-annual rate from an interest rate 1.5% per month, the value of r…

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Q: Suppose your gross monthly income is $5,700 and your current monthly payments are $575. If the bank…

A: We need to find maximum loan amount.

Q: Find the effective rate when the stated rate is 3% and the interest is compounded semiannually. O…

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Q: What nomnal rate of discount of interest convertible once every four years is equivalent to a…

A: We need to determine, what nominal rate of discount of interest convertible once every four years is…

Q: 8 1llustration 14.3. From the following figures find the premium payable at the age of 40. Age (in…

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Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: rate of interest is 8.5%

Q: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: 1 If compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 246. The simple…

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Q: 11. Using the formula below: 1-(1+i)" P = present amount borrowed P PMT n =number of monthly pay…

A: The given question can be solved as shown in step2.

Q: Debt payments of $1,600 and $1,850 are due in five months and nine months, respectively. What single…

A: Given that debt payment of $1,600 and $1,850 are due in 5 months and 9 months respectively. And…

Q: 1. Find the simple interest earned on a deposit of S5,750 that is left on deposit for 3.5 years and…

A: Note: According to Bartleby guidelines; for more than one question asked, only the first one is to…

Q: 21. A consumer loan of P35,000 is to be paid in 36 months at 10% compounded monthly. What isthe…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: What is the amount of money (P) that must be deposited in an account that pays 2.3% annual interest,…

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Q: 13. A money market fund advertises a simple interest rate of 9%. Find the total amount received on…

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Q: fund

A: Given that: The initial amount is $1,000 simple interest rate is 5% and it take for it to grow to…

Q: Suppose you want to purchase a house. Your take-home pay is $2630$⁢ per month, and you wish to stay…

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Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

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Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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Q: You find that the going rate for a home mortgage with a term of 30 years is 7% APR. The lending…

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Q: 1 Calculate the simple interest on a loan of: a $9000 at a rate of 5% pa over three years (pa means…

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Q: 3) a) i) Calculate the simple interest earned if a deposit of  $ 200,000 is left for 12 years at an…

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Q: Consider each of the after-tax cash flows shown in the table below. Suppose that projects B and C…

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Q: b. By what percentage does the monthly payment on the 9.8% mortgage exceed the monthly payment on…

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Q: Suppose that on January 1 you have a balance of $4700 on a credit card whose APR is 18%, which you…

A: Given, on January 1, the balance on a credit card is $4700 whose APR is 18% which must be paid off…

Q: 9.) What is the total number of conversion periods when a certain amount is borrowed at 5.5%…

A: topic - period number of periods = 4×4=16

Q: 4. A sum of money is deposited in a bank at the rate of 10% per annum simple interest. In how many…

A: Simple Interest      A=P1+rt      rate of Interest=10%=10100=0.1       t=?      P=P:   A=2P:…

Q: If the annual dividend per share for a company is $0.19 and the closing price $ 21.84, then the…

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Q: Calculate the annual interest for a $10,000 Treasury bond with a current yield of 4.4% that is…

A: Find the annual interest for a $10,000 Treasury bond with a current yield of 4.4% that is quoted at…

Q: Calculate the simple interest earned on an investment of $ 400,000 after 12 years at a rate of 3.5…

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Q: Suppose that on January 1 you have a balance of $4700 on a credit card whose APR is 12%, which you…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.