TRUE/FALSE. Every random sample of the same size from a given population will produce exactly the same confidence interval for μ.

Answer:

159 proper subsets.

Step-by-step explanation:

Given a set {2, 4, 6, 8...100}, how many proper subsets are there?

First, find how many subsets there are in 2 - 10:

That's 16.

Then because there are 10 10s in 100, multiply by 10:

16 x 10 = 160

Finally, because it says proper subsets, subtract by 1:

160 - 1 = 159 proper subsets.

Therefore, there are 159 proper subsets in {2, 4, 6, 8...100}

The gravitational force that the moon produces on the Earth is approximately [tex]1.98 \times 10^{20}\ \mathrm{N}$.[/tex]

What is gravitational force?

Gravitational force is the force of attraction that exists between any two objects in the universe with mass. This force is directly proportional to the masses of the objects and inversely proportional to the square of the distance between their centers.

The gravitational force that the moon produces on the Earth can be calculated using the formula:

[tex]F = G \cdot \frac{m_1 \cdot m_2}{r^2}[/tex]

where:

[tex]G$ = gravitational constant = $6.67430 \times 10^{-11}\ \mathrm{N(m/kg)^2}$[/tex]

[tex]m_1$ = mass of the moon = $7.34 \times 10^{22}\ \mathrm{kg}$[/tex]

[tex]m_2$ = mass of the Earth = $5.97 \times 10^{24}\ \mathrm{kg}$ (approximate)[/tex]

[tex]r$ = distance between the centers of the Earth and the moon = $3.88 \times 10^8\ \mathrm{m}$[/tex]

Substituting these values into the formula, we get:

[tex]F &= 6.67430 \times 10^{-11} \cdot \frac{7.34 \times 10^{22} \cdot 5.97 \times 10^{24}}{(3.88 \times 10^8)^2} \&= 1.98 \times 10^{20}\ \mathrm{N}[/tex]

Therefore, the gravitational force that the moon produces on the Earth is approximately [tex]1.98 \times 10^{20}\ \mathrm{N}$.[/tex]

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Answer: numbers 1,3 and 4

Step-by-step explanation:

Answer:

The answer is brand B

Step-by-step explanation:

You divide $14.88 by 24 which equals 68 cents per item.

Then brand B is 60 cents per item which is the better buy!

Step-by-step explanation:

a probability is always the ratio

desired cases / totally possible cases

we have 2 possible cases for the coin and 6 possible cases for the die.

so, we have 2×6 = 12 combined possible cases :

heads, 1

heads, 2

heads, 3

heads, 4

heads, 5

heads, 6

tails, 1

tails, 2

tails, 3

tails, 4

tails, 5

tails, 6

out of these 12 cases, which ones (how many) are desired ?

all first 6 plus (tails, 3) = 7 cases

so, the correct probability is

7/12

formally that is calculated :

1/2 × 6/6 + 1/2 × 1/6 = 6/12 + 1/12 = 7/12

the probability to get heads combined with the probability to roll anything on the die, plus the probability to get tails combined with the probability to roll 3.

Answer:

It means the point x = 5 and y = 10

Answer: The place 5 units right and 10 units up from the center of the graph (the origin).

Step-by-step explanation:

Starting at the origin, the 5 represents moving right 5, and the 10 represents going up 5.

Answer:

Step-by-step explanation:

i think it B

Samir's new balance is $5,044.17.

To calculate Samir's new balance, add the previous balance, subtract the payment, add the new transaction, and multiply by the interest rate for one period. The following formula can be used to calculate the interest for a single period:

balance * APR / 12 = interest

where APR stands for annual percentage rate and 12 represents the number of months in a year.

When we apply this formula to Samir's balance and APR, we get:

5336.22 * 0.29 / 12 = 128.95 in interest

As a result, the total new balance is:

5336.22 - 607 + 186 + 128.95 = 5044.17

We get the following when we round to the nearest hundredth:

$5,044.17

As a result, Samir now has a balance of $5,044.17.

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The horizontal line at $7.25 on the y-axis of the graph is the one with a slope that most accurately depicts the federal minimum wage of $7.25 per hour as of January 1, 2014.

Although it varies from state to state, the federally mandated minimum wage in the United States is $7.25 per hour. The District of Columbia had the highest minimum wage in the US as of January 1, 2023, at 16.50 dollars per hour.

The variable dearness allowance (VDA) component, which takes into account inflationary trends, such as an increase or fall in the Consumer Price Index (CPI), and, if applicable, the housing rent, are included in the computation of the monthly minimum salary.

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The values of e and f in the given equation are: e = 2√3 ± √(4√3), e = 2√3 ± 2√2, and f = 4√3.

Equations containing radicals can be made simpler by solving the resultant equation after squaring both sides of the equation to remove the radical. Nonetheless, caution must be exercised to guarantee that any solutions found are reliable and adhere to any variables' limitations.

The given equation is [tex](e - 2\sqrt{3} )^2[/tex] = f - 20√3.

Expanding the left side of the equation we have:

[tex](e - 2\sqrt{3} )^2[/tex] = (e - 2√3)(e - 2√3)

= [tex]e^2[/tex] - 2e√3 - 2e√3 + 12

= [tex]e^2[/tex] - 4e√3 + 12

Substituting back in the function

[tex]e^2[/tex] - 4e√3 + 12 = f - 20√3

[tex]e^2[/tex] - 4e√3 - f + 20√3 - 12 = 0

Using the quadratic formula:

e = [4√3 ± √(16*3 + 4(f - 20√3 + 12))] / 2

e = [4√3 ± √(4f - 64√3)] / 2

e = 2√3 ± √(f - 16√3)

Now for,

(e - 2√3)² = f - 20√3

(2√3 + √(f - 16√3) - 2√3)² = f - 20√3

f - 20√3 = f - 16√3

f = 4√3

Hence, the values of e and f in the given equation are: e = 2√3 ± √(4√3), e = 2√3 ± 2√2, and f = 4√3.

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On the 7th day after the videο was pοsted, 640 peοple will see the videο.

Statistics is the discipline that cοncerns the cοllectiοn, οrganizatiοn, analysis, interpretatiοn, and presentatiοn οf data.

1 Let's start by finding the pattern in the number οf viewers. We knοw that οn the first day, 5 peοple watched the videο. On the next day, the number οf viewers dοubled tο 5 x 2 = 10. On the third day, the number οf viewers dοubled again tο 10 x 2 = 20. We can see that the number οf viewers is dοubling each day, which means we can write the number οf viewers as:

[tex]V = 5 x 2^n[/tex]

where n is the number οf days after the videο was pοsted.

Nοw we want tο find οn which day the number οf viewers will be 640. Sο we can set V equal tο 640 and sοlve fοr n:

[tex]640 = 5 x 2^n[/tex]

[tex]2^n = 128[/tex]

n = lοg2(128) = 7

2.   Tο find the first day when mοre than 20,000 peοple will see the videο, we can set V equal tο 20,000 and sοlve fοr n:

[tex]20,000 = 5 x 2^n[/tex]

2^n = 4,000

n = lοg2(4,000) ≈ 11.29

Since n represents the number οf days after the videο was pοsted, we can rοund up tο the next whοle number tο find the first day when mοre than 20,000 peοple will see the videο. Therefοre, οn the 12th day after the videο was pοsted, mοre than 20,000 peοple will see the videο if the trend cοntinues

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Therefore, the volume of the sphere to the nearest hundredth is 724,775.70 cubic millimeters.

Volume is a measurement of the amount of space occupied by a three-dimensional object. It is often expressed in units such as cubic meters (m³), cubic centimeters (cm³), cubic feet (ft³), or gallons (gal), depending on the context. The volume of a solid object can be calculated by multiplying its length, width, and height or using a specific formula depending on the shape of the object. For example, the volume of a rectangular box can be calculated as length x width x height, while the volume of a cylinder can be calculated as π x radius² x height. In general, volume is an important concept in many fields, including physics, chemistry, engineering, and architecture. It is often used to describe the capacity of containers, the displacement of fluids, and the amount of material used in construction or manufacturing.

Here,

The formula for the volume of a sphere is given as V = (4/3)πr³, where r is the radius of the sphere and π is approximately 3.14.

Substituting the given value of the radius, we get:

V = (4/3) x 3.14 x 48³

V ≈ 724,775.68 cubic millimeters

Rounding this value to the nearest hundredth, we get:

V ≈ 724,775.68 ≈ 724,775.70 cubic millimeters (rounded to two decimal places)

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Answer:

................................

The value of x is 5

Triangles with the same shape but different sizes are said to be similar triangles. To be more specific, two triangles are comparable if their respective sides are proportionate and their corresponding angles are congruent.

Two triangles are similar if corresponding angles are congruent and corresponding sides are proportional.

from the below figure, both the triangles are similar, ∆ABC ≈ ∆EFB

By using Thales's theorem, the ratio of the sides of triangles are;

BE/EA = BF/FC

15/30 = x/10    

x = 5

Therefore the value of x is 5

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The ratio of triangle sides can be calculated using Thales' theory, and it is the value of x is 5

Similar triangles are those with the same shape but varying sizes. To be more precise, two triangles are comparable if their matching angles and respective sides are congruent.

If matching sides are proportional and corresponding angles are congruent, two triangles are similar.

Both triangles in the following figure are comparable ∆ABC ≈ ∆EFB

The ratio of triangle sides can be calculated using Thales' theory, and it is;

BE/EA = BF/FC

15/30 = x/10    

x = 5

Therefore the value of x is 5

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Since Kingsley wanted an equation to convert from inches to centimeters, the correct answer is B) c = 2.54i.

What is equation ?

An equation is a statement that asserts the equality of two expressions, usually separated by an equals sign (=). The expressions on either side of the equals sign may contain one or more variables, which are unknown values that can be determined by solving the equation.

Kingsley wants to convert a given length in inches to centimeters. He knows that 1 inch is about 2.45 centimeters.

Let's call the length in inches "i" and the length in centimeters "c".

We want to find an equation that relates i and c. We know that 1 inch is about 2.45 centimeters, so we can write:

1 inch = 2.45 centimeters

To convert from inches to centimeters, we can multiply the length in inches by 2.45. So:

c = 2.45i

This is the equation Kingsley can use to convert any given length in inches to centimeters.

Alternatively, we can rearrange this equation to solve for i:

c = 2.45i

Divide both sides by 2.45:

c/2.45 = i

So the equation for converting from centimeters to inches is:

i = c/2.45

Therefore,  since Kingsley wanted an equation to convert from inches to centimeters, the correct answer is B) c = 2.54i.

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If λ is an eigenvalue of A, then λ is an eigenvalue of [tex]A^T[/tex]. Show with an example that the eigenvectors of A and [tex]A^T[/tex] are not the same.

The equation Av = λv, where v is a non-zero vector, is satisfied by an eigenvector v and an eigenvalue given a square matrix A. In other words, the eigenvector v is multiplied by the matrix A to produce a scalar multiple of v. Due to their role in illuminating the behaviour of linear transformations and differential equation systems, eigenvectors play a crucial role in many branches of mathematics and science. When the eigenvector v is multiplied by A, the eigenvalue indicates how much it is scaled.

The eigenvalue and eigenvector states that, let v be a non-zero eigenvector of A corresponding to the eigenvalue λ.

Then, we have:

Av = λv

Taking transpose on both sides we have:

[tex]v^T A^T = \lambda v^T[/tex]

The above equations thus relates transpose of vector and transpose of A to λ.

Now, consider a matrix:

[tex]\left[\begin{array}{cc}1&2\\3&4\\\end{array}\right][/tex]

Now, the eigen values of this matrix are λ1 = -0.37 and λ2 = 5.37.

The eigenvectors are:

[tex]v1 = [-0.8246, 0.5658]^T\\v2 = [-0.4159, -0.9094]^T[/tex]

Now, for transpose of A:

[tex]A^T=\left[\begin{array}{cc}1&3\\2&4\\\end{array}\right][/tex]

The eigen vectors are:

[tex]u1 = [-0.7071, -0.7071]^T\\u2 = [0.8944, -0.4472]^T[/tex]

Hence, we see that, if λ is an eigenvalue of A, then λ is an eigenvalue of [tex]A^T[/tex]. Show with an example that the eigenvectors of A and [tex]A^T[/tex] are not the same.

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The joint probability density function for the random variables Y1 and Y2 E(Y1+Y2) and V(Y1+Y2) is 41/144.

To find E(Y1+Y2), we need to integrate the sum of Y1 and Y2 over their joint probability density function:

E(Y1+Y2) = ∫∫ (y1 + y2) f(y1,y2) dy1 dy2

= ∫∫ (y1 + y2) (2) dy1 dy2, where the limits of integration are 0 to 1 for both y1 and y2 and y1+y2 <=1

= ∫[tex]0^1[/tex] ∫[tex]0^{(1-y1)}[/tex](y1 + y2) (2) dy2 dy1

= ∫[tex]0^1[/tex] (2y1 + 1) (1-y1)² dy1

= 5/12

To find V(Y1+Y2), we can use the formula V(Y1+Y2) = E[(Y1+Y2)²] - [E(Y1+Y2)]².

First, we need to find E[(Y1+Y2)^2]:

E[(Y1+Y2)²] = ∫∫ (y1+y2)² f(y1,y2) dy1 dy2

= ∫∫ (y1² + y2² + 2y1y2) (2) dy1 dy2, where the limits of integration are 0 to 1 for both y1 and y2 and y1+y2 = 1

= ∫[tex]0^1[/tex] ∫[tex]0^{(1-y1)}[/tex] (y1² + y2² + 2y1y2) (2) dy2 dy1

= ∫[tex]0^1[/tex] (1/3)y1³ + (1/2)y1² + (1/2)y1

(1/3)y1 + (1/4) dy1

= 7/12

Next, we need to find [E(Y1+Y2)]²:

[E(Y1+Y2)]² = (5/12)² = 25/144

Therefore, V(Y1+Y2) = E[(Y1+Y2)²] - [E(Y1+Y2)]² = (7/12) - (25/144) = 41/144.

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Conversely, as the confidence level decreases, the margin of error becomes smaller, and the confidence interval becomes narrower.

In statistics, a confidence interval is a range of values that is likely to contain the true value of a population parameter (such as a mean or a proportion), based on a sample from that population. The confidence interval is typically expressed as an interval around a sample statistic, such as a mean or a proportion, and is calculated using a specified level of confidence, typically 90%, 95%, or 99%.

Here,

To develop a confidence interval, we need to use the following formula:

Confidence Interval = sample mean ± margin of error

where the margin of error is calculated as:

Margin of Error = z* (sample standard deviation/ √n)

where z* is the critical value from the standard normal distribution table based on the chosen confidence level.

a. For a 90% confidence interval, the critical value (z*) is 1.645. Thus, the margin of error is:

Margin of Error = 1.645 * (4 / √25) = 1.317

So, the 90% confidence interval for the population mean is:

30 ± 1.317, or (28.683, 31.317)

b. For a 95% confidence interval, the critical value (z*) is 1.96. Thus, the margin of error is:

Margin of Error = 1.96 * (4 / √25) = 1.568

So, the 95% confidence interval for the population mean is:

30 ± 1.568, or (28.432, 31.568)

c. For a 99% confidence interval, the critical value (z*) is 2.576. Thus, the margin of error is:

Margin of Error = 2.576 * (4 / √25) = 2.0656

So, the 99% confidence interval for the population mean is:

30 ± 2.0656, or (27.9344, 32.0656)

d. As the confidence level increases, the margin of error also increases, because we need to be more certain that our interval includes the true population mean. This means that the confidence interval becomes wider as the confidence level increases.

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Step-by-step explanation:

There are many possible solutions to this problem, but one possible set of values for P, Q, R, S, T, and U is:

P = 2

Q = 5

R = 1

S = 8

T = 9

U = 9

With these values, we have:

PQR = 251

STU = 156

And the sum of PQR and STU is indeed 407.

Answer: D. As x → -∞, y → -∞.

Step-by-step explanation:

The graph shows the function approaching negative infinity on the x-axis (left side).  When the x-axis is decreasing, the y-axis is also decreasing towards negative infinity.

Parallelogram (Opposite sides have the same length). Parallelogram (Area is one-half the base times the height). Parallelogram (Opposite sides are parallel). Parallelogram (Angles can be right angles)

According to the parallelogram law, the sum of the squares of a parallelogram's four sides is equal to the sum of the squares of its two diagonals. It is essential for the parallelogram to have equal opposite sides in Euclidean geometry.

A parallelogram is a particular sort of polygon. It is a quadrilateral in which the opposite side pairs are parallel to one another. There are six crucial parallelogram characteristics to be aware of: Congruent sides are those when AB = DC.

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The value οf the given angle x = 39.8 degree

Trigοnοmetry uses six fundamental trigοnοmetric οperatiοns. Trigοnοmetric ratiοs describe these οperatiοns. The sine functiοn, cοsine functiοn, secant functiοn, cο-secant functiοn, tangent functiοn, and cο-tangent functiοn are the six fundamental trigοnοmetric functiοns.

The ratiο οf sides οf a right-angled triangle is the basis fοr trigοnοmetric functiοns and identities. Using trigοnοmetric fοrmulas, the sine, cοsine, tangent, secant, and cοtangent values are calculated fοr the perpendicular side, hypοtenuse, and base οf a right triangle.

In the figure tanx = p/h

[tex]x = tan^{-1(15/18)}[/tex]

x = 39.8

Hence the value οf the given angle x = 39.8 degree

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The answer of the given question is (a) TR = p(40 - (4/3)p), or TR = 40p - (4/3)p² , (b)  TC = 9q + (3/10)q² + 30 , (c) π = 40p - (4/3)p² - 9q - (3/10)q² - 30 , (d) TR ≈ 342.67 , (e) the profit when 20 units are produced is approximately RM188.27 , (f)  the profit when 7 units are produced is approximately -RM24.44, indicating a loss , (g) the output required to obtain a profit of RM100 is approximately 8.78 units.

An equation is  mathematical statement that asserts yhe equality of two expressions. It typically consists of variables, constants, and mathematical operations like addition, subtraction, multiplication, and division, among others. Equations are often used to solve problems, to model real-world phenomena, and to describe mathematical relationships.

(a) The total revenue is given by TR = p x q. Substituting the demand equation q = 40 - (4/3)p, we get TR = p(40 - (4/3)p), or TR = 40p - (4/3)p².

(b) The total cost is given by TC = q x AC. Substituting the given average cost function, we get TC = 9q + (3/10)q² + 30.

(c) The profit is given by π = TR - TC. Substituting the expressions we found in parts (a) and (b), we get π = 40p - (4/3)p² - 9q - (3/10)q² - 30.

(d) At the break even point, the firm earns zero profit, so we set π = 0 and solve for q. Substituting the expression we found in part (a) for p, we get:

0 = 40p - (4/3)p² - 9q - (3/10)q² - 30

0 = 40(40/3 - (3/4)q) - (4/3)(40/3 - (3/4)q)² - 9q - (3/10)q² - 30

0 = 533.33 - 51.25q - 0.22q^2

Solving for q using the quadratic formula, we get:

q = (51.25 ± sqrt(51.25² - 4(-0.22)(533.33))) / 2(-0.22)

q ≈ 22.75 or q ≈ 206.58

We reject the solution q ≈ 206.58 because it is outside the relevant range of output, which is between 0 and 40. Therefore, the total output at the break even point is approximately 22.75 units. To find the total revenue at the break even point, we substitute q = 22.75 into the demand equation from part (a) and get:

p = (40/3) - (3/4)q

p ≈ 15.08

TR = p x q

TR ≈ 342.67

(e) To find the profit when 20 units are produced, we substitute q = 20 into the expression for profit we found in part (c) and get:

π = 40p - (4/3)p² - 9q - (3/10)q² - 30

π ≈ 188.27

Therefore, the profit when 20 units are produced is approximately RM188.27.

(f) To find the profit when 7 units are produced, we substitute q = 7 into the expression for profit we found in part (c) and get:

π = 40p - (4/3)p² - 9q - (3/10)q² - 30

π ≈ -24.44

Therefore, the profit when 7 units are produced is approximately -RM24.44, indicating a loss.

(g) To find the output required to obtain a profit of RM100, we set the profit equation equal to 100 and solve for q:

Profit = TR - TC

100 = pq - ACq

100 = (40-(4/3)p)*q - (9+(3/10)q+30/q)*q

100 = (40-(4/3)p - 9q - 3q²/10)

Multiplying by 10 and rearranging terms, we get a quadratic equation in q:

3q² + 91q - 310 = 0

Solving for q using the quadratic formula, we get:

q = (-91 ± sqrt(91² - 43(-310)))/(2*3)

q ≈ 8.78 or q ≈ -29.44

Since the quantity produced cannot be negative, the output required to obtain a profit of RM100 is approximately 8.78 units.

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4775 g968r648 747474874 483892874 23773259635y84b2375789325 7437594365825 4378574937587 49388959365n 98437858746587 32o4iy548569

Answer:

?

Step-by-step explanation:

The required answers are 80.8, 79,and g(42) > f(42).

Part A:

To determine the test average for the math class after completing test 2, we need to evaluate the function f(x) at x=2. That is,

[tex]$$f(2) = 0.9(2) + 79 = 80.8$$[/tex]

Therefore, the test average for the math class after completing test 2 is 80.8.

Part B:

To determine the test average for the science class after completing test 2, we need to find the equation of the linear function g(x) that passes through the given points (1,78) and (2,79). The slope of the line passing through these points is

[tex]$m=\frac{y_2-y_1}{x_2-x_1}=\frac{79-78}{2-1}=1$$[/tex]

We can use the point-slope form of a line to find the equation of the line passing through the point (1,78) with slope m=1. That is,

[tex]$$y-78 = 1(x-1)$$[/tex]

Simplifying, we get

y = x + 77

Therefore, the test average for the science class after completing test 2 is

g(2) = 2 + 77 = 79

Part C:

To determine which class had a higher average after completing test 42, we need to evaluate f(42) and g(42) and compare the results. We have

[tex]$$f(42) = 0.9(42) + 79 = 117.8$$[/tex]

To find (42), we need to extend the linear function g(x) beyond the given data points by assuming that the function is linear and continues with the same slope m=1. That is,

g(x) = x + 77

for all [tex]$x\geq 1$[/tex]. Therefore,

[tex]$$g(42) = 42 + 77 = 119$$[/tex]

Since g(42) > f(42), we conclude that the science class had a higher average after completing test 42.

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Days when change in temperature more than 10° F are Option B)Tuesday and E) Friday.

calculating the difference by deducting the end temperature from the initial temperature. The temperature difference is therefore 75 degrees Celsius - 50 degrees Celsius = 25 if something begins at 50 degrees Celsius and ends at 75 degrees Celsius.

Change in temperature on Monday from High to low

=15-10=5°F

Change in temperature on Tuesday from High to low

=8-(-4)=12°F

Change in temperature on Wednesday from High to low

=-2-(-5)=3°F

Change in temperature on Thursday from High to low

=-3-(-7)=4°F

Change in temperature on Friday from High to low

=-1-(-12)=11° F

Days when change in temperature more than 10° F are Tuesday and Friday.

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The Complete question is attached below:

Step-by-step explanation:

"increase" means to take the original 100% and put an additional 3.5% of these 100% on top of it.

so, we have to calculate

100% + 3.5% of £16470.45

100% of £16470.45 = £16470.45 × 100/100

3.5% of £16470.45 = £16470.45 × 3.5/100

the sum is therefore

£16470.45 × (100/100 + 3.5/100) =

= £16470.45 × (1 + 0.035) = £16470.45 × 1.035 =

= £17,046.91575 ≈ £17,046.92

Answer:

3/4 of a bag of dog food will last 3 days.

The function g(t) is defined as:

g(t) = 1/√(16-t^2)

The function is continuous for all values of t that satisfy the following conditions:

The denominator is non-zero:

The denominator of the function is √(16-t^2). Therefore, the function is undefined when 16-t^2 < 0, or when t is outside the interval [-4,4].

There are no vertical asymptotes:

The function does not have any vertical asymptotes, because the denominator is always positive.

Thus, the function g(t) is continuous on the interval [-4,4].

Therefore, the monthly payment for a student loan of $15,000 at a fixed APR of 12% for 20 years is $144.36.

Interest is the cost of borrowing money or the return on investing money. When you borrow money, you usually have to pay back more than you borrowed, and the additional amount you pay is the interest. The interest rate is expressed as a percentage of the borrowed amount, and it can vary depending on factors such as the borrower's credit score, the term of the loan, and the lender's policies.

Given by the question.

Assuming the loan has a fixed interest rate of 12% per annum, the amount of interest charged each year will be:

12% of $15,000 = $1,800

The total interest charged over 20 years will be:

$1,800 x 20 = $36,000

The total amount to be repaid (principal + interest) will be:

$15,000 + $36,000 = $51,000

If the loan is being repaid in equal monthly installments over the 20-year term, the monthly payment can be calculated using the following formula:

M = P * (r[tex](1+r)^{n}[/tex]) / ([tex](1+r)^{n}[/tex]- 1)

Where:

M = Monthly payment

P = Principal amount (in this case, $15,000)

r = Monthly interest rate (12% per annum / 12 months = 1% per month)

n = Total number of payments (20 years x 12 months per year = 240)

Plugging in the values:

M = $15,000 * (0.01[tex](1+0.01)^{240}[/tex]) / ([tex](1+0.01)^{240}[/tex] - 1)

M = $144.36

To learn more about percentage:

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