( Monthly Payments (dollars) per $1000 Losn Tern (months) 24 36 42 40 5 43.57 29.97 26.00 2303 6 | 44.52 | 30A2 26.46 | 23.49 7 44.77 30.88 26.923.9619.80 8 45.2331342738 2442028 45.68 | 31.30 | 27.84 | 24.89 | 2076 10 46.14 22728.32536 2125 46.6 .7428.79 2585 21.74 12 | 4707 | 3321 | 29.28 | 2633 | 2224 it pussle to find e cros-sectiunal rrodel for morithly peyments for a 28-monh loan? No f 0, woud this crass secticn be represented by a row or a colum of the table? () Uglurlin Lt is nat possible to find cross-secticnal Tode. b) Is it possible to find a cross-sectional mode ror monthly payments for a loan at 7%? Yes r so, wuld this cross setion be represented by e row or a column of the table? columr It is nut pussible to find a crass-secticnal mode. c) Find the functian or th plzces.) quadradc cross-sectiona mdel that g wes the monthly paymant in dollars an a 1COD laan, where t months is the length nr the loan and 7% is the interest rte. with data from 24 s t s 6a. (Round all numeriai values to three decimal nti. 7-11000 . (1.07.) X dollers Estimate th rnonthly payments for d 28-murith oan dt 7%. (Rcund your nswer tg the nearest oert.) ( Monthly Payments (dollars) per $1000 Losn Tern (months) 24 36 42 40 5 43.57 29.97 26.00 2303 6 | 44.52 | 30A2 26.46 | 23.49 7 44.77 30.88 26.923.9619.80 8 45.2331342738 2442028 45.68 | 31.30 | 27.84 | 24.89 | 2076 10 46.14 22728.32536 2125 46.6 .7428.79 2585 21.74 12 | 4707 | 3321 | 29.28 | 2633 | 2224 it pussle to find e cros-sectiunal rrodel for morithly peyments for a 28-monh loan? No f 0, woud this crass secticn be represented by a row or a colum of the table? () Uglurlin Lt is nat possible to find cross-secticnal Tode. b) Is it possible to find a cross-sectional mode ror monthly payments for a loan at 7%? Yes r so, wuld this cross setion be represented by e row or a column of the table? columr It is nut pussible to find a crass-secticnal mode. c) Find the functian or th plzces.) quadradc cross-sectiona mdel that g wes the monthly paymant in dollars an a 1COD laan, where t months is the length nr the loan and 7% is the interest rte. with data from 24 s t s 6a. (Round all numeriai values to three decimal nti. 7-11000 . (1.07.) X dollers Estimate th rnonthly payments for d 28-murith oan dt 7%. (Rcund your nswer tg the nearest oert.)
