Answered: Direct | bartleby

Math

Probability

Direct

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Direct debit is a free service and you qualify for a 0.25% interest rate reduction when actively making payment on direct debit

if you have a student loan on which you pay interest at a rate of 6.8% what will your interest rate be if you sign up for direct debit ?

Why 0.25 percentage point interest rate reduction instead of 0.25% interest reduction

What will the interest rate be on your 6.8% loan if you signup for direct debit?

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Worksheet 3.5 5. Find the total monthly payment for a $225,000 mortgage loan at 4.25% for 30 years. The assessed value of the home is $240,000. The annual taxes on the home are 1.1% of the assessed value and the insurance on the home costs $950 per year. Round your answer to the nearest whole dollar.
You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 9% per year. What will be your annual payment if you sign this mortgage? The annual payment is $ (Round to the nearest dollar.)
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The new-car option: The new car costs $30,000 and can be financed with a three-year loan at 7.59%. The used-car option: A three-year old model of the same car costs $17,000and can be financed with a three-year loan at 7.71%. What is the difference in monthly payments between financing the new car and financing the used car?
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