Answer:
127.5
Step-by-step explanation:
The given series is 26 + 24.5 + 23 + 21.5 + ... - 17.5
The first term of this series is a=26
The common difference is d=24.5-26=-1.5
The last term of the series is -17.5
The nth term is given by:
n=30
The sum of the series:
He pays $780 for the television set.
1200*.35=420
1200-420=780
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
2.65
Step-by-step explanation:
Multiply each payout by its probability, then add those products.
See the attached image.
The first column has the payouts. The second column has the probabilities. The third column has the results of multiplying a payout by its probability.
The sum of the entries in the third column is 2.65
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