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The Johnsons have accumulated a nest egg of $25,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $1100/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed $1400. If local mortgage rates are 8.5%/year compounded monthly for a conventional 30-yr mortgage, what is the price range of houses they should consider? (Round your answers to the nearest cent.)
Because the car has an airbag, an alarm, and antilock brakes, the insurance company has assigned a rating factor of.95 to the policy. As her auto insurance agent, calculate Karen's total annual premium.
In triangle ABC, a = 8, b = 9, and m<C = 135 degree. What is the area of triangle ABC?
Show that the positive integers less than 11, except 1 and 10, can be split into pairs of integers such that each pair consists of integers that are inverses of each other modulo 11.
Find the probability that the first card is a king and the second card is a queen.
the selling price s(c) after 45% markup of an item as a function of the stores' cost c.
If 2000 square centimeters of material is available to make a box with a square base and an open top, find the largest possible volume of the box.
State the null & alternative hypotheses in words
The Action Sports Network surveyed 265 of its viewers to determine which sports they watched most often. The results of the survey showed:
A company that manufactures bicycles has a fixed cost of $100,000. It costs $100 to produce each bicycle. The selling price per bike is $300.
If you have 80 feet of fencing and want to enclose a rectangular area up against a long, straight wall, what is the largest area you can enclose?
What is the probability that 154 or fewer college students in the sample send and receive text messages with their cell phones? Is this result unusual?
on Saturday a local hamburger shop sold a combined total of 364 hamburgers and cheeseburger. The number of cheeseburgers were sold were three times the numbers of hamburgers sold. How many hamburgers were sold on Saturday.
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