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You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.) The original loan of $400,000 carries an interest rate is 6% has an original maturity of 15 years and requires monthly payments (end of month). There are 80 months remaining to repay the loan. The new mortgage has a lower rate of 4% and will still have 80 months left to maturity. First estimate the monthly savings if you switch to the new lower interest rate and then the difference between the new and old monthly payments.
ANSWER: Difference in payments ________________
a company''s advertising expenditures average $5,000 per month. Current sales are $29,000 and the saturation sales level is estimated at $42,000. The sales-response constant is $2,
The population of the village is 5000. If in a year, the number of males were to increase by 5% and that of a female by 3% annually, the population would grow to 5202 at the end o
Q. Samantha wrote a computer program to randomly generate two-digit numbers between 00 and 99. Let X be the random 2 digit number generated by the computer. Find the distributio
Determine the centralizer and the order of the conjugacy: 1) Determine the centralizer and the order of the conjugacy class of the matrix [1, 1; 0, 1] in Gl 2 (F 3 ).
Write down the first few terms of each of the subsequent sequences. 1. {n+1 / n 2 } ∞ n=1 2. {(-1)n+1 / 2n} ∞ n=0 3. {bn} ∞ n=1, where bn = nth digit of ? So
Twelve coworkers go out for lunch together and sequence three pizzas. Each pizza is cut within eight slices. If each person gets the similar number of slices, how many slices will
Interpretation A high value of r as +0.9 or - 0.9 only shows a strong association among the two variables but doesn't imply that there is a causal relationship that is
Describe Square Roots? When a number is written inside a radical sign (√), the number is called the radicand, and we say that you are "taking the square root of" that number.
poijn jjjnjb jbjdbjbj
Q. Assume a birthday is equally likely to occur in each of the 365 days. In a group of 30 people, what is the probability that no two have birthdays on the same day? Solution:
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