What is the amount of the down payment

Assignment Help Basic Statistics
Reference no: EM132951727

If a house is sold under an FHA loan for $55,000, and the required down payment was set at 3% for the first $25,000 and 5% for any amount over $25,000, what is the amount of the down payment?

Reference no: EM132951727

Questions Cloud

Would recommend specific identification or fifo : Sam Co. would like to use an inventory method that woulk minimize its tax liability. Would you recommend specific identification, FIFO, or LIFO? Why?
How best to classify a reserve of masks and gloves : How best to classify a reserve of masks and gloves: expense or inventory? The Mayo Clinic ran into the question of how to account for protective gear
Calculate the coefficient of variation for the investment : Assume the probabilities of the healthy, soft, and recessionary states are 0.7, 0.1, and 0.2, respectively. Calculate coefficient of variation for investment
What is the minimum appropriate transfer amount : Assuming an opportunity cost of 1.25% and a mid-week transfer, which of the following is the minimum appropriate transfer amount where a wire should be used?
What is the amount of the down payment : If a house is sold under an FHA loan for $55,000, and the required down payment was set at 3% for the first $25,000 and 5% for any amount over $25,000, what is
What is the option value : The current price of a stock is $22, and at the end of one year its price will be either $29 or $15. The annual risk-free rate is 5.0%
Find interest payment for three years : On a term loan of $10,500 at 12% annual interest, what will be the interest payment for three years, 10 months, and 20 days?
Prepare journal entries to record moss investment : Angela Moss and Autumn Barber organize a partnership on January 1. Prepare journal entries to record (1) Moss's investment and (2) Barber's investment
What is the gain or loss : What is the gain (+) or loss (-) in inventory value in U.S. dollars as a result of the change in exchange rates?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd