Given the following function: Pmt(.05/12, 5*12, 50000, 0, 0), how many years is the loan and how much is the initial amount of the loan?
What will be an ideal response?
This is a 5 year loan for $50,000.
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Assume that the mean average height of a male in the United States is about 72 in., with a standard deviation of 5 in., and that the height of males in the United States matches a normal distribution very well. Identify the location of the area under the standard normal curve for males shorter than 63 in. (For example, for males taller than 72 in., the area would be the area under the curve to the right of 72 in. on the baseline.)
A. The area would be the area under the curve to the right of 63 in. on the baseline. B. The area would be the area under the curve to the left of 72 in. on the baseline. C. The area would be the area under the curve to the right of 72 in. on the baseline. D. The area would be the area under the curve to the right of 63 in. and to the left of 72 in. on the baseline . E. The area would be the area under the curve to the left of 63 in. on the baseline.