Entries by Hannah Wangui

interest rate

Question Tanja wants to establish an account that will supplement her retirement income beginning 20years from now. Find the lump sum she must deposit today so that $200 comma 200,000 will be available at time of retirement, if the interest rate is 8%, compounded quarterly.   Looking for a Similar Assignment? Order now and Get 10% […]

 

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In a public opinion poll, approximately 85%

Question 3)  In a public opinion poll, approximately 85% of Americans felt that having a police officer on patrol in the neighborhood made them safer than having no police officer on patrol. The margin of error reported was 3%. Construct an interval estimate using these figures. Answer   4)   For each of the following confidence levels, look […]

 

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Suppose that $150,000 is owed on a house after the down payment is made

Question Suppose that $150,000 is owed on a house after the down payment is made.The monthly payment for principal and interest at 7.0%for 30 years is 150times•6.65302=$997.95   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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At the beginning of a 31-day billing period,

Question At the beginning of a 31-day billing period, Sandra Lazzaro has an unpaid balance of $780 on her credit card. Three days before the end of the billing period, she pays $300. Find her finance charge at 1.2% per month using the average daily balance method.  I don’t know the equation to solve this.    Looking […]

 

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