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The price of a small cabin is $50,000. The bank requires a 5% down payment. The buyer is offered two mortgage options; 20- year fixed at 7% or 30- year at 7%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option?
A. find the monthly payment for the 20 year option and round to the nearest dollar.
B. Find the monthly payment for the 30 year option and round to the nearest dollarC. Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 20 year option ?
The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,600. Micromedia rents computers for its seminars at a cost of $60 per computer per day. Question: find the breakeven point for this problem using Excel.
What is the probability of randomly selecting a male from this group?
In an online survey of 4,001 respondents, 8% were classified as productivity enhancers who are comfortable with technology and use the Internet for its practical value (data extracted from M. Himowitz, "How to Tell What Kind of Tech User You Are,"..
What is an estimate of the proportion defective for the piston manufacturing process when it is control?
Carry out a t-test to see if the mean healing rate is significantly lower in the experimental limbs, including all 12 newts. What are the test statistics and their P-values?
Only two doctors would make a diagnosis on patients coming into the same STD clinic for gonorrhea. The probability of the two doctors making a diagnosis of gonorrhea is (independent, dependent, synergistic, cannot tell).
At 5% level of significance, does this sample prove violation of guideline that average patient must pay no more than $250 out-of-pocket? Write your hypotheses and decision rule.
Find out the cheapest way of manufacturing today's batch of NasaMist.
Drugstore was the first e-commerce company to offer Internet drugstore retailing. Drugstore.com customers were provided the opportunity to buy health, beauty, personal care, wellness, and pharmaceutical replenishment products over the Internet.
The mean and median selling price of existing single-family homes sold in October 2005 were $216,200 and $265,000. Which of the following most accurately explains which is the mean and which is the median and why?
Assume salaries are normally distributed with a standard deviation of $4,500. What is the probability of a new graduate receiving a salary between $45,000.
their average cost was 340.00 with standard deviation of 80.00. Dean of students thinks that costs are greater this semester. Determine the test value for this hypothesis.
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