In Exercises 1-10, use P M T = P ( r n ) [ 1 − ( 1 + r n ) − n t ] to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-year fixed at 8% or 30-year at 8%. Calculate the amount of interest paid for each optain. How much does the buyer save in interest with the 15-year obtain?
In Exercises 1-10, use P M T = P ( r n ) [ 1 − ( 1 + r n ) − n t ] to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-year fixed at 8% or 30-year at 8%. Calculate the amount of interest paid for each optain. How much does the buyer save in interest with the 15-year obtain?
Solution Summary: The author calculates the total interest amount for both the options and the amount of interest that the buyer will save with the 15-year option.
to determine the regular payment amount, rounded to the nearest dollar.
The price of a home is $160,000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-year fixed at 8% or 30-year at 8%. Calculate the amount of interest paid for each optain. How much does the buyer save in interest with the 15-year obtain?
K=3, Gauss Seidel
Fill in only 4 decimal places here in Canvas. Make sure in exam and homework, 6 decimal places are required.
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A smallish urn contains 25 small plastic bunnies - 7 of which are pink and 18 of
which are white. 10 bunnies are drawn from the urn at random with replacement, and
X is the number of pink bunnies that are drawn.
(a) P(X = 5)=[Select]
(b) P(X<6) [Select]
The fox population in a certain region has an annual growth rate of 8 percent per year. It is estimated that the
population in the year 2000 was 22600.
(a) Find a function that models the population t years after 2000 (t = 0 for 2000).
Your answer is P(t)
=
(b) Use the function from part (a) to estimate the fox population in the year 2008.
Your answer is (the answer should be an integer)
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