The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories.MortgageStatusNumberCurrentPastInDue Foreclosure RepossessedX186,330 56,3108,9505,590Total257,180(The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in theprocess of being foreclosed but not yet repossessed.)(a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. HINT [See Example 1.] (Round your answer to two decimalplaces.)257180(b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.)0.94X

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Answered: owing chart shows the (approximate)…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. MortgageStatus Current Past Due In Foreclosure Repossessed Total Number 126,330 59,310 8,250 5,190 199,080 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. (Round your answer to two decimal places.) ____ (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.) ____ fill in the blank
The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. MortgageStatus Current PastDue InForeclosure Repossessed Total Number 156,330 58,310 8,550 5,590 228,780 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. HINT [See Example 1.] (Round your answer to two decimal places.) (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.)
What is the percentage of customers in states with a deposit law wh recycle
The Ability-to-Repay Rule, adopted by the Consumer Financial Protection Bureau in compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires lenders to determine whether a consumer applying for a Qualified Mortgage can afford to repay the loan. One of the requirements is that the borrower's total monthly debt (including property taxes) cannot exceed 43% of the borrower's monthly pre-tax income.† Suppose that the Foleys have applied for a $300,000 Qualified Mortgage with an interest rate of 5%/year compounded monthly and a term of 30 years. The property tax on the home they wish to purchase is $6000/year. If the Foleys' annual income is $72,000, will they qualify for the mortgage? (Round your answers to two decimal places.) The Foley's monthly payment would be $ . Their monthly income is $ . Thus, provided they do not have other significant debts, the Foley's for the mortgage.
Suppose a computer software developer for a certain company purchased a computer system for $55,000 on April 27, 2017. The computer system is used for business 100% of the time. The accountant for the company elected to take a $30,000 Section 179 deduction, and the asset qualified for a special depreciation allowance. (a) What was the basis for depreciation (in $) of the computer system? (See Table 17-4.) $ (b) What was the amount (in $) of the first year's depreciation using MACRS? (See Table 17-1 and Table 17-2) $
A retailer has received an invoice of $8,680 dated September 25, terms 2/20, n/30 EOM, for a shipment of printers that arrived on October 24. a) What is the last day for taking the cash discount
The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $892,760Office expense 205,335Miscellaneous expense 17,855Wages expense 428,525Accounts payable 22,320Accounts receivable 62,490Cash 246,260Common stock 135,000Land 286,000Supplies 10,715Cash dividends of $33,900 were paid during the year. Retained earnings as of June 1, 20Y5, were $241,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel ServiceBalance SheetMay 31, 20Y6Assets Cash$Cash246,260 Accounts receivableAccounts receivable62,490 SuppliesSupplies10,715 LandLand286,000Total assets $fill in the blank 9605,465Liabilities Accounts payable$Accounts payable22,320Stockholders' Equity Common stock$Common stock135,000 Retained earningsRetained earningsTotal stockholders' equity fill in the blank 16Total liabilities and stockholders' equity $fill in the blank 17 What…
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). AppraisedValue Lender'sPercentage Percentage ofAppraised Value (in $) Balance ofFirst Mortgage PotentialCredit (in $) $326,700 75% $ $194,500 $

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