After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded monthly, how much would you have paid on the loan for the house after 15 years not counting the down payment?
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.
After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded monthly, how much would you have paid on the loan for the house after 15 years not counting the down payment?
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