Monty Ricker obtained a used car loan of $ 6,000.00 at 8% for 36 months. The monthly payment is $ 187.80. The balance of the loan after 12 payments is $ 4,159.90. The balance after the 34th payment is $ 380.60. A. what is the intrest for the first payment? B what is the intrest for the 13th payment? C. Explain why the intrest is so diffrent for the two payments. D. What is the balance after the 35th payment

the answer is 1/4

step-by-step explanation:

irst, find the z score of a score of 80. this is given by the formula z = (x-u)/o, where x is the score, u is the mean, and o is the standard deviation. this gives

z = (80-78)/12 = 1/6 = .1667

now, find what percentile a z score of 1/6 correlates to in the normal distribution.

a z score of 1/6 = .1667 is equivalent to the 56.36th percentile of the distribution. so the probability a score is over this is 1-.5636 = .4364

the mean of a sample mean is equal to the original mean. however, the standard deviation of a sample mean is equal to the original standard deviation divided by the square root of n (sample size). so the new standard deviation is 12/sqrt(16) = 3.

the new z score is 80-78/3 = 2/3 = .667. this is equivalent to the 74.86th percentile. so the probability that the mean will be greater than this score is 1-.7486 = .2514.

the answer to this in exact form is 4/35 but in decimal form its 0.1142857

hope this if needed hmu