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You obtain a $250,000 mortgage loan from Bank of Montreal to buy a house. The mortgage has a 5-year fixed rate of 4%/year (using Canadian mortgage convention), and the amortization period of the mortgage is 20 years.
(b) How much do you owe the bank after the 36th monthly payment?
(c) For the 45th monthly payment, how much of it is for interest, and how much of it is for principal repayment?
(d) What is the present value of the principal repayment portion of the first 60 payments?
Develop a scatter plot for these data. Discuss what the plot implies about the relationship between the two variables.
Based on the data provided, which of these funds has exhibited greater relative variability? Use the proper statistical measure to make your determination.
Find out the conditional probability for the given data. Illustrate what is the conditional chance that the selected person is male?
Determine the 95 percent confidence interval and the 95 percent prediction interval for the selling price of a home with 2,200 square feet.
Determine the sample size necessary to estimate a population proportion to within .03 with 90% confidence assuming you have no knowledge of the approximate value of the sample proportion.
Cards are drawn one by one from a standard deck of 52 cards. Let X be the number of draws up to and including when the first diamond is drawn. If the cards are replaced in the deck, determine E(X). If the cards are not replaced in the deck, determ..
a recent study of robberies for a certain geographic area showed an average of 1 robbery per 20000 people. in a city of
a wildlife biologist examines frogs for a genetic trait. previous research found this trait in 1 of 4 frogs. the
Find out the confidence interval for the population mean also interpret the result. A researcher is interested in whether social assertiveness might be influenced by training procedures.
What sample size is recommended for the hypothesis test? Use 20 hours as an estimate of the population standard deviation.
samples of our students from an applied experimental design class were polled regarding the number of hours they spent
Highland Automotive wishes to forecast the number of new cars that will be sold next week. The following table summarizes the number of new cars sold during.
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