The price of a condominium is $102,000. the bank requires a 5% down payment and one payment and one point at the time of closing. the cost of the condominium is financed with a 30-year fixed-rate mortage at 8.5%? find the required down payment.

Aparticular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?