Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $70,000 borrowed at 6% for 10 years, with monthly payments PMT = $

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use…

A: loan amount(A) = $116000 interest rate=6.5%=0.065 term =20 years total payment(n) = 20 x 12 = 240…

Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

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Q: find the interest rate a loan of 8500 at 7% made on july 23rd and due on november 30 A. 211.92 B.…

A: Total interest = PxRxT Where P= principle amount R= Rate of interest T= Time

Q: Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What…

A: Given: Future amount(F)=$83,000Time(t)=20 months=2012yearsrate of interest=6%=6100=0.06 The future…

Q: Need help with this question please. Thank you!

A: From the provided information, a)

Q: Find the savings plan balance after 18 months with an APR of 5% and monthly payments of $300. The…

A: Topic  =Algebra

Q: A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of…

A: Here we solve the given problem.

Q: Find the present value of the given future amount. $48,000 for 19 months at 9% simple interest What…

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Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round…

A: Given  AMOUNT, A = $4,000,000 RATE = 3% AND TIME = 15 YEARS

Q: Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to…

A: Consider the given mortgage: $1,000,000, 37-year, 5.6% mortgage with monthly payments The objective…

Q: Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to…

A: The objective is to determine the periodic payment. Given that, Amount  A=$1000000Rate…

Q: Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to…

A: Consider the provided question, Given, PV = $1,000,000 Time(t) = 30 years Rate(r) = 5.3% = 0.053 n =…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

A: Given: P = $3000000 Annual payment rate APR = 6% = 0.06 t = 15 years. It is given that quarterly…

Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: The main objective is to find the periodic payments on the given loan.

Q: Find the simple interest. The simple interest is $ . (Round to the nearest cent as needed.)…

A: Given: Principal=$6000Rate=8%=0.08Time=6 months =12 year

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given the periodic payments PMT on the given loan $30,000 borrowed at 4% for 10 years, with monthly…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To find- Determine the periodic payments PMT on the given loan or mortgage. $600,000 borrowed at 3%…

Q: Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Consider the given: Loan value (P.V.) = $80,000 Rate = 2% Calculate the rate monthly:…

Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A:

Q: Determine the periodic payments on the given mortgage. HINT [See Example 5.] (Round your answer to…

A:

Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

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Q: Calculate the table factor, the finance charge, and the monthly payment $) for the loan by using the…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To solve this problem, first we have to determine the total interest that is accumulated on the…

Q: Use the add-on method of calculating interest to find th total interest and the monthly payment.…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: ---- Periodic payments PMT PMT=PV*i/(1-(1+i)^-n) -- Here principal value  PV=60000 interest rate…

Q: Determine the periodic payments on the given mortgage. (Round your answer to the nearest cent.) a…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Solution: The objective is to find the periodic monthly payments

Q: Sarah secured a bank loan of $190,000 for the purchase of a house. The mortgage is to be amortized…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer t $900,000…

A: Loan Amortization Formula PMT=Pr1+rn1+rn-1 Where 'PMT' is periodic payment, 'P' is loan amount, 'r'…

Q: Complete the table by finding the maturity value. Interest Rate Maturity Value( A) Principal (P)…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: EMI = Principal * r * (1 + r)n(1+r)n - 1

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A:

Q: Find the payment that should be used for the annuity due whose future value is given. Assume that…

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Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A: It is given that, Rate: 7.5% compounded monthly Time: 3 years Financial Goal: $25,000

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: NOTE: Refresh your page if you can't see any equations. . here we have L=400000 r=2%=0.02 n=4 for…

Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

A: We have:PV=present value=2,000,000i=interest rate=6%=0.06n=number of times paid=15×4=60PMT=?

Q: Suppose you have a student loan of $25,000 with an APR of 12% for 40 years. Complete parts (a)…

A: a Given information Loan amount P=$25,000 Rate of interest r=12% ⇒r=12100×12=0.01 Time t=40 years We…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given data: The given principal is P=$400,000. The given rate of interest is r=8%=0.08. The given…

Q: 300,000

A:

Q: Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your…

A: Given that Present Value=$1000000 Interest rate=4% Time period =20. years Since the payment is to be…

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.