Mathematics, 07.12.2019 07:31 hidagiser

If the interest rate for a 15-year fixed rate mortgage is 5.00%, then the corresponding 30-year fixed rate is 6.39%. if the 15-year rate decreases to 4.00%, then the 30-year rate decreases to 4.99%.

a. assume that the relationship between the 15-year fixed rate (%) and the 30-year fixed rate (%) is linear. find the equation of the line that describes this relationship. write your answer in slope-intercept form. let x be the 15-year fixed rate and the y be the 30-year fixed rate.

b. use your equation from part a to estimate the 30-year fixed rate if the 15-year fixed rate is 4.5%.

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 14:00

The revenue generated by a bakery over x months, in thousands of dollars, is given by the function f(x) = 2(1.2)* the cost of running the bakery forx months, in thousands of dollars, is given by the function g(x) = 2x + 1.4determine the equation for h if h(x) = f(x) - g(x).oa. m(x) = (1-2)*-x-07b.(x) = 2(1 2 - 2x -0.7)h(x) = -2((1.2) + x + 0.7)d.h(x) = 2((12) - x-0.7)

Answers: 1

Answer

Mathematics, 21.06.2019 14:30

Describe in detail how you would construct a 95% confidence interval for a set of 30 data points whose mean is 20 and population standard deviation is 3. be sure to show that you know the formula and how to plug into it. also, clearly state the margin of error.

Answers: 3

Answer

Mathematics, 21.06.2019 21:30

Are the corresponding angles congruent? explain why or why not.

Answers: 2

Answer

Mathematics, 21.06.2019 21:30

Using pert, adam munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months, and the project variance is 4. a) what is the probability that the project will be completed in 17 months? b) what is the probability that the project will be completed in 20 months? c) what is the probability that the project will be completed in 23 months? d) what is the probability that the project will be completed in 25 months? e) what is the due date that yields a 95% chance of completion?

Answers: 3

Answer

You know the right answer?

If the interest rate for a 15-year fixed rate mortgage is 5.00%, then the corresponding 30-year fixe...

Questions

Mathematics, 22.03.2021 01:30

Ali and Kiana buried a treasure together on their school’s field. Ali made an 8-inch-wide map to record its location. The actual field is 400 feet wid...

Mathematics, 22.03.2021 01:30

Sam is making a delivery to a store. The total trip will be 410 miles. He is driving at a constant rate of 65 miles per hour. He has already driven 20...

Mathematics, 22.03.2021 01:30

Jessie is looking for the volume of the cone below, and she is using the formula V=(1/3)Bh. Which of the following is the value of "B"?...