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Suppose that someone has hired you to determine whether they should refinance their home. This customer has a $375,200 30-year mortgage at 5.67% interest compounded monthly. For the last 6 years, they have been paying the regular monthly payments. This customer now has the option to refinance their current mortgage with a new 30-year mortgage that has an intrest rate of 4.33% compounded monthly. Note that the lender of the new loan has a closing cost fee of $2,800 (for title insurance, home appraisal costs, etc.) for the new (refinanced) mortgage. You are to determine whether the customer would save or lose money in INTEREST if they were to refinance their home. Take the closing cost into account when determining if the customer would save or lose money.
Show all work and label all steps. Show all variables if using TVM Solver.
If the sum of the squared deviations about the regression line is SSE = 40.0, what is the coefficient of determination?
micron technology has sales offices located in four cities dallas seattle boston and los angeles. an analysis of the
A. what is the probability a randomly chosen business customer flying is on a jumbo jet? B. what is the probability a randomly chosen non-business customer is on an ordinary jet?
She surveys 100 randomly selected families and finds the mean income to be $96,321 with a standard deviation of $9555.With a0.05, is she correct?
What is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean ? (4%)
the number of cell phone minutes used by high school seniors follows a normal distribution with a mean of 500 and a
However one of the children fails to solve the peoblems, so the researcher has an undetermined score. what is the best measure of central tendency for these data?
When assigning probabilities of two simple events, can we assume that each event is always equally likely to occur and, thus assign .5 to each event?
A geological study indicates that wells drilled in a certain area should strike water with probability 0.2. Find the probability that:
According to Chebyshev's theorem, proportion of values from data set that is further than 2 standard deviations from the mean is at most?
a study showed that the correlation coefficient for iqs of husbands and wives was 0.6. in each case determine whether
Can you please describe what I need to do to complete this? I do not understand how to plot the figures within the spreadsheet or calculate them.
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