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Can someone tell me if I'm using the right formula to solve this problem? Using a financial calculator i know the answer is $1529 but I'm trying to figure out how to solve manually.
You want to buy a new sports coupe for $79,500, and the finance office at the dealership has quoted you an APR of 5.8 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
Monthly Payment = rate per period(PV) / 1-(1+rate per period)^-number of periods
= (.058($79,500)) / (1-(1+.058)^-60)
On the basis of a study conducted the previous year, you believe that the standard deviation is 100 pounds. Determine the sample size needed.
1. Describe the situation faced by both Scott Patterson and Larry Ingram. 2. What would you do if you were Scott Patterson?
How could you use the data graphed in Exercise 1 to get a good prediction? Marriage ages in selected years starting in 1900 are listed below.
a pump adds 48000 ftlbs to a steady flow rate of 5 ft3s . the fluid is water at 60 f. at the entrance to the pump the
They make use of the latest in electronic equipment to take a wide range of measurements from many thousands of feet below the earth's surface.
on average 9 babies are born per 24-hour day at a hospital in indianapolis.a what is the probability that at least one
The absolute change in residents living in large apartment buildings from 2000 to 2010 is
A sample of 36 packages reveals the mean weight to be 3.01 pounds, with a standard deviation of 0.03 poounds. What is the estimated population mean?
Describe how you would use simulation to shed light on this problem. Assume that each time a video is rented, it is rented for one day.
The administration of a large university wants to use a random sample of students to measure student opinion of a new food service on campus.
Calculate the incidence rate of hypertension in the cohort with and without an actuarial adjustment. Did the actuarial adjustment make a difference? Explain your answer.
Suppose the annual consumption of chicken mean is 20.84 pounds per person, and that the standard deviation for the consumption of chicken per person is 9.193 pounds.
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