A $33,950 loan at 10.6% compounded semi-annually is to be paid off by a series of $4,000 payments that will be made at the end of every six months. How much of the first payment will be credited towards reduction of the principal?
Jane is making monthly payments of $450 for four years for a car at an interest rate of 5.5% compounded semi-annually. What was the purchase price of the car?
Which of the following is not a property of the F distribution?
A) F-distributions are nonsymmetrical. B) F-distributions have (n - 1) degrees of freedom. C) F can assume only positive values. D) There are many F-distributions and each has a different shape. E) F-distributions are nonsymmetrical and F can assume only positive values.