Mathematics, 11.06.2020 18:57, legacieenglish
The price of a small cabin is $75000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20-year fixed at 9.5% or 30-year fixed at 9.5%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option? Find the monthly payment for the 20-year option.
Answers: 3
Mathematics, 21.06.2019 23:00, sugar1014
According to a study conducted in 2015, 18% of shoppers said that they prefer to buy generic instead of name-brand products. suppose that in a recent sample of 1500 shoppers, 315 stated that they prefer to buy generic instead of name-brand products. at a 5% significance level, can you conclude that the proportion of all shoppers who currently prefer to buy generic instead of name-brand products is higher than .18? use both the p-value and the critical-value approaches.
Answers: 1
The price of a small cabin is $75000. The bank requires a 5% down payment. The buyer is offered two...
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