Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Answer: A 1 to 4
Step-by-step explanation:
It is 10% higher than the theoretical probability.Thats the answer because the theoretical odds are 50-50% (75 heads and 75 tails). 10% of 75 is 15, so 75+15=90, which means that it got a 10% higher than the theoretical probability.
A reflection I think is true