Please show the work process so I can learn how to do it. Thank you so much. 38.
ID: 2647335 • Letter: P
Question
Please show the work process so I can learn how to do it. Thank you so much.
38. How many ways are there of winning the World Series in exactly 7 games if the winning team loses the first game?
A) 15 ways B) 6 ways C) 10 ways D) 8 ways
39. Suppose that in the loan, described, the borrower paid off the loan after the time indicated. Calculate the amount needed to pay off the loan.
$110,000; 8% compounded quarterly; 15 quarterly payments; paid off after 10 quarters.
$167,136.41 B) $76,898.11 C) $12.85 D) $40,350.98
Explanation / Answer
38.Option A
To win the World Series, the wining team must win at least 4 games out of 6 games remaining, given that winning team has lost 1st game.
For winning a world series the winning team must win 4 games out of 6 remaining games.
The number of ways=6C4=15 ways
39. Question not clear on whether borrower paid after 25 quarter (15+10) or after 10 quarter. Is there equal payments of interest every quarter and principal at redemption
One thing is clear that borrower need to pay more than the actual amount of 110000 borrowed.
Option A has amount more than 110000, and other has lesser amount