If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

A:

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: A sailboat costs $19,286. You pay 25% down and amortize the rest with equal monthly payments over a…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…

A:

Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: For items 6-7. Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly certain…

A: We will use the concept of compound interest to solve this problem.

Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

A:

Q: If you borrow $5000 and,after 9 months,pay off the loan in the amount of $5500, what per annum rate…

A: Consider the given: Let the per annum rate of interest be "t",12 months = 1 year9 ​months = 0.75…

Q: If you were to invest $800 at 8% interest compounded annually or each year, what would be your…

A:

Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: In this question, the concept of compounded interest is applied. Compounded Interest  Compound…

Q: After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded…

A:

Q: If you borrowed $200,000 to buy a house at 6% interest per year, compounded monthlyand paid back the…

A: Time =t= 30 years Compounded monthly , so n=number of times compounded in a year= 12interest rate =…

Q: paying 15.5%

A:

Q: How much should you put in an investment paying a simple interest rate of​ 5% if you needed​ $4000…

A: Consider the provided question, Given, rate of interest = 5% time = 18 months = 1812 years Future…

Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

A:

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: Juan Dela Cruz wants to deposit P5, 000 every quarter at 16% compounded quarterly for 5 years. How…

A: Compound Interest: A=P(1+rn)nt P: the principal, amount of deposit  A: the new balance  t: the time…

Q: If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A:

Q: In order to help pay for college, the grandparents of a child invest $1,650 in a bond that pays 1.5%…

A:

Q: If you take out a 5 year loan of $8000 at 6% interest compounded monthly, then what will be each…

A:

Q: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A: Given: Initial amount (P)= $10,000 Rate of interest (R)=7% Time period (t)=18   The formula for…

Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: What monthly payments should Angela pay to save $93,000 in 19 years if money can earn 4.8%…

A:

Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: The present value P = $125,000 Time t = 10 years Rate r = 7.8% compounded quarterly To find amount

Q: At the birth of their child, how much should a couple invest to have $20,000 on the child's 18-th…

A: The principal investment required to get a total amount of $20,000.00 from compound interest at a…

Q: What is the maximum amount you can borrow with a 30-year mortgage if you can pay $725 a month and…

A: Note that, here the periodic payment PMT=$725, interest rate i=4.2%=4.212×100=0.0035, and the number…

Q: As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A:

Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

A:

Q: Erin has $250,000 saved for retirement in an account earning 3.4% interest, compounded quarterly.…

A:

Q: If you invested $300 now at 6.5% interest compounded monthly, how much money do you have available…

A:

Q: A collector mae a $10,000 down payment for a classic car and agreed to make 18 additional quarterly…

A:

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

A:

Q: How much must you deposit in an account that pays 8% interest, compounded monthly, to have a balance…

A:

Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

A:

Q: How many months would it take you to repay a $ 5225 loan by making payments of $ 57 at the end of…

A: The formula for computing the number of years required to pay off a loan when payment is made at the…

Q: A young, investing-savvy artist plans to retire in 30 years and is planning to save $1,000 every…

A:

Q: (b)Given the current interest rate of 6 percent compounded annually, find the present value of…

A: Let rate of interest is r%    Present value is equal to P   Then Amount = A after T years is,     A…

Q: A furniture set worth of 40000 is purchased with a down payment of 15000 then followed by equal…

A: we have to find compound interest here

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old ,…

A:

Q: Suppose you make a down payment of 20% of $27,600 and finance the rest at 1.5% compounded monthly…

A: Let  L, c and n denote the loan amount, the rate of interest per payment and the number of payments.…

Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

A:

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A: Compound interest formula:

Q: Suppose you signed into an 8-year loan which is compounded annually at 7%. How much will you pay if…

A:

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

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

Q: As a new engineer, you wanted to earn and availed an investment insurance. Every month you are going…

A:

Q: How much did Speedy Movers borrow for a debt that accumulated to $58,040.76 in five years? The…

A: To find out the borrowed amount.

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.