A30-year mortgage has an interest rate of 4% per year compounded monthly. (this is called a 30-year, fixed-rate mortgage and is paid in 360 monthly the initial principal is $200,000. (a) what is the monthly payment? (b) how much interest is paid over the life of the mortgage?

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?