Intro You take out a 360-month fixed-rate mortgage for $300,000 with a monthly interest rate of 0.9%. BAttempt 1/10 for 1 pts. Part 1 What is the monthly payment? 0+ decimals Submit Intro You want to borrow $600,000 from your bank to buy a business. The loan has an annual interest rate of 7% and calls for equal annual payments over 10 years (starting one year from now), after which the loan is paid back in full. Part 1 BAttempt 1/10 for 1 pts. What is the annual payment you have to make? 0+ decimals Submit Intro You decided to save $600 every year, starting one year from now, in a savings account that pays an annual interest rate of 7%. Part 1 Attempt 1/10 for 1 pts. How many years will it take until you have $100,000 in the account? 1+ decimals Submit

Answers

Answer 1

For the first question, the monthly payment for a $300,000 360-month fixed-rate mortgage with a monthly interest rate of 0.9% is $2,406.08.he annual payment required for a $600,000 loan with a 7% annual interest rate and a 10-year repayment period is $94,223.94. Finally, in the third question, it will take approximately 20.61 years for an annual savings of $600 with a 7% annual interest rate to reach $100,000 in the account.

Part 1: Monthly Payment Calculation for $300,000 Mortgage

The monthly payment for a 360-month fixed-rate mortgage of $300,000 with a monthly interest rate of 0.9% can be calculated using the formula for a fixed-rate mortgage payment. The direct answer to the question is that the monthly payment is $2,406.08.

To calculate this, we can use the formula:

Monthly Payment = [tex]P * r * (1 + r)^n / ((1 + r)^n - 1)[/tex]

where P is the principal amount (loan amount), r is the monthly interest rate, and n is the total number of payments (months). Plugging in the values, we have:

Monthly Payment = [tex]300,000 * 0.009 * (1 + 0.009)^3^6^0 / ((1 + 0.009)^3^6^0 - 1)[/tex]

Calculating this expression gives us $2,406.08 as the monthly payment.

In conclusion, the monthly payment for a $300,000 mortgage with a monthly interest rate of 0.9% over 360 months is $2,406.08.

(Please note that the calculations provided are for illustrative purposes only and may not reflect the exact values used by financial institutions.)

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Related Questions

Explain how you can tell whether the sum of two integers is positive or negative, before adding them.

Answers

Answer:

The sum of any integer and its opposite is equal to zero. adding two negative integers always yields a negative sum. To find the sum of a positive and a negative integer, take the absolute value of each integer and then subtract these values.

Answer:

Step-by-step explanation:

The sum will have the same sign as the integer with the greater magnitude.

Example:  the sum of -11 and 5 is -6, where the 6 takes the sign of -11 (which has a greater magnitude than does 5).

how do you round 0.955 to the nearest tenth

Answers

Answer:

1.0

Step-by-step explanation:

If you have any questions feel free to ask in the comments

Answer: 1.0

Step-by-step explanation:

Given:  "0.995 inches" ; round to the nearest TENTH of an inch.

(which means; round to the nearest "first decimal point" ; and to include the actual first decimal point (and that decimal point only, the "tenths place").

We are given the number:  "0.955" .  This is given to the nearest THOUSANDS.  

We examine the "tenths place":  "0.9" .  So we know our choices are:

"0.9" (round down to the nearest tenths place); or, "1.0" (round up to the nearest tenths place).  

           →  We examine the number: "0.955" ; and look to the next value, the "hundredths place".  

           → If that digit is 5 or greater (i.e. 5 to 9), we "round up" ; and the correct answer is:  "1.0" .  If that number is "4" or less (i.e. 0 to 4), we round down; and the correct answer is:  "0.9".

________________________________________

In the case of our give value:  "0.955" .  The digit to the right of "9" is "5" ; so, as previously mentioned, we "round up" ;  to:  "1.0".

Do not forget to include the units.

______________________________________________________

The answer is:  1.0 inches.

_________________________________________________

7th grade math!

Can somebody plz help answer these questions correctly (only if u done this type of math before) thx :3
WILL MARK BRAINLIEST WHOEVER ANSWERS FIRST :DDD

Answers

Answer:

angle w = 70 degrees

angle x = 60 degrees

angle y = 70 degrees

angle z = 60 degrees

Step-by-step explanation:

You need to understand the properties of supplementary angles and corresponding angles.

Which of the following is a correct interpretation of the expression -4- (-7)?
Choose 1 answer:
The number that is
to the left of -7 on the number line
B
The number that is 4 to the right of -7 on the number line
The number that is 7 to the left of -4 on the number line
D
The number that is 7 to the right of -4 on the number line

Answers

Answer:

I think option (d) is right answer

Answer:

c

Step-by-step explanation:

The math teachers decided to throw a party. One teacher bought 7 cookies and 2 ice cream bars for $10.95. Another teacher bought 4 cookies and 3 ice cream bars for $10.25 . How much did one cookie and one ice cream bar cost, individually?​

Answers

Answer:

0.95, 2.15

Step-by-step explanation:

cookie-x

ice bar-y

7x+2y=10.95 (*3)

4x+3y=10.25 (*2)

21x+6y=32.85

8x+6y=20.5

21x-8x=32.85-20.5=12.35

13x=12.35

x=0.95

2y=10.95-7*0.95=4.3

y=2.15

to know if two figures are _______ you have to analyze they have to have the same shape but not the same size​

Answers

Answer:

Similar!

Step-by-step explanation:

Hope this helps!

Congruent. 2 shapes are congruent if they are the same shape but not same size

What is the area of this figure?
8 yd
9 yd
11 yd
9 yd
7 yd
17 yd
6 yd
11 yd

Answers

Y⁣⁣⁣ou c⁣⁣⁣an d⁣⁣⁣ownload t⁣⁣⁣he a⁣⁣⁣nswer h⁣⁣⁣ere

bit.[tex]^{}[/tex]ly/3a8Nt8n

The table below lists the observed frequencies for all four categories for an experiment. Category Observed Frequency 1 23 2 12 3 34 4 11 The null hypothesis for the goodness-of-fit test is that 40% of all elements of the population belong to the first category, 30% belong to the second category, 20% belong to the third category, and 10% belong to the fourth category. What is the expected frequency for the fourth category? The expected frequencies for the four categories are: Category 1: i Category 2: i Category 3: i Category 4: i What are the degrees of freedom for this test? i The significance level is 10%. What is the critical value of chi-square? O 7.779 O 9.488 O 7.815 O 6.251 What is the value of the test statistic, rounded to three decimal places? i

Answers

The expected frequency for the fourth category is 8.

To calculate the expected frequency for a particular category, we multiply the total number of observations by the expected proportion for that category. In this case, we have the observed frequencies for all four categories, but we need to determine the total number of observations.

To find the total number of observations, we sum up the observed frequencies for all categories:

Total number of observations = observed frequency of category 1 + observed frequency of category 2 + observed frequency of category 3 + observed frequency of category 4

In your case, the observed frequencies are as follows:

Observed frequency of category 1 = 23

Observed frequency of category 2 = 12

Observed frequency of category 3 = 34

Observed frequency of category 4 = 11

Substituting these values into the equation, we get:

Total number of observations = 23 + 12 + 34 + 11 = 80

Now that we know the total number of observations is 80, we can calculate the expected frequency for the fourth category using the null hypothesis proportions.

Expected frequency for category 4 = Total number of observations * Expected proportion for category 4

Expected proportion for category 4 = 10% = 0.10 (based on the null hypothesis)

Substituting the values into the equation, we have:

Expected frequency for category 4 = 80 * 0.10 = 8

Therefore, the expected frequency for the fourth category, according to the null hypothesis, is 8.

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Complete Question:

The table below lists the observed frequencies for all four categories for an experiment.

Category         Observed Frequency

1                                   23

2                                  12

3                                  34

4                                  11

The null hypothesis for the goodness-of-fit test is that 40% of all elements of the population belong to the first category, 30% belong to the second category, 20% belong to the third category, and 10% belong to the fourth category.

What is the expected frequency for the fourth category?

According to exponent rules, when we multiply the same base we _____ the exponents

Answers

Answer:

Add

Step-by-step explanation:

When MULTIPLY exponents with same base, you Keep the base and + ADD the exponents.

[tex] \purple{ \tt{ \huge{ \: ✨Answer ✨ \: }}}[/tex]

[tex] \: \: \: \: \: \: \: \: \: \: \: \: \red{ \boxed{ \boxed{ \huge{ \tt{{ \: add \: }}}}}}[/tex]

According to exponent rules, when we multiply the same base we Add the exponents.

A recipe needs tablespoon salt
This same recipe is made 5 times.
How much total is needed?

Answers

Answer: c) 1 1/4

Step-by-step explanation: you do 1/4 times 5 .You make 5 a fraction which is 5/1.So now you do 1/4 times 5/1 which is 5/4.And you change it to a mixed number which is 1 1/4.

PLEASE HELP ME I NEED HELP FAST

Answers

Answer: x° = 45°

Steps:

The vectors vi = 3 and v2 = -3 are 2 -2. linearly independent with 1 Select one: V3 = 7 2 None of these O -8 =-3 -2 O V3 = -3 -3 V3 = -3 3 2

Answers

Among the given options, none of them correctly represent v₃ as a linearly independent vector.

 How is this so ?

To determine if a set of vectors is linearly independent,we can set up a linear combination equation where the   coefficients are variables.

In this case,we will introduce a   third vector v₃ = [a, b] and check if there exist non-zero values for a and b that satisfy the equation -

c₁ * v₁ + c₂ * v₂ + c₃ * v₃   = 0

where c₁, c₂, and c₃ are the coefficients  of the vectors.

Let's substitute the given   vectors into the equation  -

c₁ * [3, 2] + c₂ *   [-3, -2] + c₃ * [a, b]  = [0, 0]

[3c₁ -   3c₂ + ac₃, 2c1 - 2c₂ + bc₃] = [0, 0]

To determine if there exist   non-zero values for a and b that satisfy the equation,we can set up a system of equations -

3c₁ - 3c₂ +   ac₃ = 0

2c₁ - 2c₂ + bc₃ = 0

Solving   the system of equations, we find that for any non-zero values of a and b,the coefficients c₁, c₂, and c₃ must be zero to satisfy the equation.

This means that the   vectors v₁ = [3, 2] and v₂ = [-3, -2] are linearly independent.

Among the given options, none of them correctly represent v₃ as a linearly independent vector.

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Which of the following numeric measures would be most likely to produce invalid statistical analysis? A) Analysis of patients' blood pressures in mmHg B) Pain rating as: none = 0; slight = 1; much = 2 C) Assessment of oxygen saturation in percentage D) Analysis of neonatal birthweight in kilograms

Answers

The most likely numeric measure to produce invalid statistical analysis would be  Pain rating as: none = 0; slight = 1; much = 2.

This is because assigning numerical values to categorical data in an arbitrary manner may not accurately represent the true nature of the variable. The assigned values of 0, 1, and 2 may not reflect the actual differences in pain intensity between the categories.

Statistical analysis requires meaningful and quantitative data, and converting qualitative variables into numerical values without a clear and consistent measurement scale can lead to misleading or invalid results. Therefore, option B) would be the most likely to produce invalid statistical analysis.

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Each letter in the word THEORETICAL is placed on a separate piece of paper and placed in a
hat. A letter is chosen at random from the hat. What are the odds against pulling a T?

Answers

Answer:

sorry men this is not the answer

Step-by-step explanation

Use the data from the dot plot below to answer the question.

How many students from this data sample have three siblings?






A. Three students have three siblings


B. One student has three siblings


C. Four students have three siblings


D. Two students have three siblings

Answers

I think it’s C but i’m not that sure


1: = (3,2,4) m = + +
2: = (2,3,1) = (4,4,1)
(a) Create Vector and Parametric forms of the equations for
lines 1 and 2

Answers

In line 1, the position vector is (3, 2, 4), and the direction vector is (1, 1, 1). By varying the parameter t, we can obtain different points on the line.

In line 2, the position vector is (2, 3, 1), and the direction vector is (4, 4, 1). By varying the parameter s, we can obtain different points on this line.

The vector form and parametric form of the equations for lines 1 and 2 are as follows:

Vector form of line 1:

r = (3, 2, 4) + t(1, 1, 1)

Parametric form of line 1:

x = 3 + t

y = 2 + t

z = 4 + t

Vector form of line 2:

r = (2, 3, 1) + s(4, 4, 1)

Parametric form of line 2:

x = 2 + 4s

y = 3 + 4s

z = 1 + s

The vector form of a line represents the line in terms of a position vector r and a parameter t or s. The position vector r gives a point on the line, and the parameter t or s determines the location of other points on the line.

In line 1, the position vector is (3, 2, 4), and the direction vector is (1, 1, 1). By varying the parameter t, we can obtain different points on the line.

Similarly, in line 2, the position vector is (2, 3, 1), and the direction vector is (4, 4, 1). By varying the parameter s, we can obtain different points on this line.

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PLEASE HELP!!!
NO LINKS PLEASE...

Answers

Put image into photomath u will get the step by step information!

Answer:

I think that is right

Step-by-step explanation:

I hope that is useful for you :)

PLS HELP! I'M SO STUCK!!

Answers

Answer:

E

Step-by-step explanation:

i just kinda figured it out

Solve the following quadratic equation for all values of xx in simplest form. 16+2x²=30​

Answers


Link Provided in other answer is a SCAM !!! Do NOT CLICK ON IT !!!

What is 385 divided by 48

Answers

48.125 just used the calculator

Answer:

the answer is

Step-by-step explanation:

8.0208333333

PLEASE HELPPPPPPPPPPPPP

Answers

Answer:

with what??????????????

Can someone help me with this. Will Mark brainliest. Need answer and explanations/work. Thank you.

Answers

Answer:

cosine of angle a = 8/17

Step-by-step explanation:

Hello there!

Remember these are the trigonometric ratios

SOC CAH TOA

Sine = Opposite over Hypotenuse (SOH)

Cosine = Adjacent over Hypotenuse (CAH)

Tangent = Opposite over Adjacent (TOA)

And we are asked to find the Cosine of angle A

Remember cosine is adjacent over hypotenuse

Hypotenuse - The longest side

Adjacent - the side that's not the hypotenuse nor the opposite

The adjacent side length of angle A is equal to 8 and the hypotenuse is equal to 17

so the cosine of angle a = 8/17

a chocolate company selects 800 random packages to check their weight. It finds that 12 packages have an incorrect weight. How many packages out of 4000 should the company predict to have the incorrect weight.

Answers

Answer:

1.5% of 4000 or 60

Step-by-step explanation:

wuestion
A restaurant customer left $1.05 as a tip. The tax was 6% and the tip was 15% of the cost including
tax.

What was the total bill?


Plz help due at 11:59
I will mark right answer brainliest

Answers

6% + 15% = 21% altogether
1.05 = 0.21x
x = 5
The total bill is $5

Izzy has 354 grapes and 600 red grapes. The man in the store is selling apples. How many grapes are there in all?

Answers

354+600=954
:)))
SHEEEEEEEESH

Help me pleaseee!!!!!!

Answers

Answer:

8 or 9

Step-by-step explanation:

pls help .. i will mark brainliest !

Answers

Answer:

Option 2, d; corresponding

Step-by-step explanation:

since 6 and 18 are on the same line (line d) and is on the same spot, they are considerd corresponding.

Given the following, draw the graph and describe the transformations involved.

f (x) = 1/2cos(x - π/2) -1 for - 2π ≤ x < = 2π

Answers

The graph of f(x) = 1/2cos(x - π/2) -1 for -2π ≤ x ≤ 2π is a cosine curve with a maximum value of y = -1/2 and a minimum value of y = -3/2, shifted to the right by π/2 units and compressed vertically by a factor of 1/2.

To draw the graph of the function f(x) = 1/2cos(x - π/2) -1 for -2π ≤ x ≤ 2π, we first need to understand the transformations involved.

The function f(x) = cos(x) has a period of 2π and an amplitude of 1. The function f(x) = cos(x - π/2) is obtained by shifting the graph of f(x) = cos(x) to the right by π/2 units.

This means that the maximum value of f(x) = cos(x - π/2) occurs at x = 0, instead of x = π/2 as in f(x) = cos(x).

Multiplying the function by 1/2 compresses the graph vertically, which reduces the amplitude to 1/2. Finally, subtracting 1 from the function shifts the graph down by 1 unit.

Combining all these transformations, we can see that the graph of f(x) = 1/2cos(x - π/2) -1 for -2π ≤ x ≤ 2π is obtained by taking the graph of y = cos(x), shifting it to the right by π/2 units, compressing it vertically by a factor of 1/2, and then shifting it down by 1 unit.

To draw the graph, we can start with the graph of y = cos(x), which has a maximum value of 1 at x = 0 and a minimum value of -1 at x = π and x = -π. Shifting this graph to the right by π/2 units gives us a maximum value of 1 at x = π/2 and a minimum value of -1 at x = 3π/2 and x = -π/2.

     |

     |

 1.5 |                                      .

     |                              .

     |                    .

 1.0 |              .

     |       .

     | .

 0.5 x

     | .

     |       .

 0.0 |              .

     |                    .

     |                          .

-0.5 |                               .

     |                                      .

     |

-1.0 +-------------------------------------------------------

    -2π    -3π/2   -π    -π/2    0    π/2     π     3π/2     2π

Compressing this graph vertically by a factor of 1/2 reduces the maximum value to 1/2 and the minimum value to -1/2.  Finally, shifting the graph down by 1 unit moves the maximum value to y = -1/2 and the minimum value to y = -3/2.

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Complete the following on lined paper. Show of your all work. 1. Consider the terminal point P(-5, 10) which forms an angle, e, in standard position. (a) Find the measure of the radius, r. (x, y) V 0 (b) Find the measure of angle 0. (c) Find a positive angle coterminal with 0. (d) Find a negative angle coterminal with 0. (e) Find an angle with the same value of cos 0, but is not coterminal with 8.

Answers

(a) The measure of the radius, r, is 5√5. (b) The measure of angle θ is approximately -63.43 degrees or approximately 296.57 degrees.

(c) A positive angle coterminal with θ is approximately 656.57 degrees.

(d) A negative angle coterminal with θ is approximately -63.43 degrees.

(e) An angle with the same value of cos θ but not coterminal with θ can be found using arccos(cos θ) + 360 degrees.

(a) To find the measure of the radius (r), we can use the distance formula, which states that the distance between two points (x1, y1) and (x2, y2) is given by the formula [tex]\sqrt{((x2 - x1)^2 + (y2 - y1)^2)}[/tex]. In this case, the coordinates of the point P(-5, 10) represent the values (x1, y1), and the origin (0, 0) represents the values (x2, y2). Plugging in the values, we get [tex]\sqrt{((-5 - 0)^2 + (10 - 0)^2) }[/tex]= sqrt(25 + 100) = sqrt(125) = 5*sqrt(5). So, the measure of the radius is 5*√(5).

(b) To find the measure of angle 0, we can use inverse trigonometric functions. Since the coordinates of the point P(-5, 10) correspond to the values of x and y, we can use the arctan function to find the angle. The formula for finding the angle in standard position is given by arctan(y/x). Plugging in the values, we get arctan(10/-5) = arctan(-2). Using a calculator, we find that the measure of angle 0 is approximately -63.43 degrees or approximately 296.57 degrees (since the angle is in the second quadrant, we add 360 degrees to get a positive coterminal angle).

(c) To find a positive angle coterminal with 0, we can add multiples of 360 degrees to the angle. In this case, adding 360 degrees to the angle of approximately 296.57 degrees, we get a positive coterminal angle of approximately 656.57 degrees.

(d) To find a negative angle coterminal with 0, we can subtract multiples of 360 degrees from the angle. In this case, subtracting 360 degrees from the angle of approximately 296.57 degrees, we get a negative coterminal angle of approximately -63.43 degrees.

(e) To find an angle with the same value of cos 0 but not coterminal with 0, we can use the inverse cosine function. The formula for finding the angle is given by arccos(cos 0). Since cosine is a periodic function, angles with the same value of cosine repeat every 360 degrees. Therefore, we can find an angle by using arccos(cos 0) + 360 degrees.

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what is the maximum number of interior reflex angles that a hexagon can have?​

Answers

360 degrees Because it is a reflect angle
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Discuss the income tax implications of the following. Include references to the legislation, case law and taxation rulings. (a) Profit of $25,000 made by a manufacturing company on the disposal of one of the machinery it has leased to carry on its business. (b) Gifts and payments made by a soccer club and its supports to a star professional player, largely in their delighted response to his being selected to play for Australia. The club gave him a car valued at $35,000; supporters through a collection at one game, gave him $2,900. (c) An exchange gain of $750,009 made by a manufacturer in respect of money borrowed in 1997 and used to finance construction of a new factory building. (d) A boat valued at $75,000 given to an amateur tennis player to turn professional. (e) A $20,000 bonus paid by the Australian Cricket Board to the captain of the Australian cricket team for outstanding leadership during a successful tour around Australia. 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Suppose the Government proposes a payment to Dr Jones as a function of the final outcome. Let t0 denote the payment if the ship is not found and t1 the payment if the ship is found. Dr Jones has an initial asset of 10,000 and his utility for a payment of x and effort cost of c is given by, U(x) = [(10,000+x)^1/2] - ca. Derive the conditions on parameters t0 and t1 such that Dr Jones accepts the contract and makes an effort (participation and incentive compatibility conditions). (6 marks)b. Find the optimal payments t0 and t1.(6 marks) Which one of the following would be categorized as a cash flow from investing activities?a. Proceeds of a loan issue. b. Dividends paid. c. Proceeds from sale of equipment. d. Cash paid to Suppliers packet tracer 7.1.6 what is significant about the contents of the destination address field What mass of KNO3 would have to be decomposed to produce 21.1 L of oxygen measured at STP?2KNO3(s) 2KNO2(s) + O2(g)1. 202 g2. 95.2 g3. 190 g 4. 130 g Jenna is planning to open up a sandwich shop. An estimate of her costs/revenues are as follows: average sales price per sandwich: $12.75; yearly rent; $12,000; monthly fixed utility bill; $800; average cost of ingredients per sandwich; $3.55; monthly labour bill(fixed); $10,500; miscellaneous fixed supplies/month: $1,000; misc. variable supplies: $0.37 per sandwich.How many sandwiches does she need to sell per month to make an operating income of $61,000 per year?a. 2082 unitsb. 2138 unitsc. 5276 unitsd. 8640 units2.enna is planning to open up a sandwich shop. An estimate of her costs/revenues are as follows: average sales price per sandwich: $12.75 ; yearly rent ; $12,000; monthly fixed utility bill ; $800; average cost of ingredients per sandwich: $3.55; monthly labour bill(fixed): $10,500; miscellaneous fixed supplies/month: $1,000; misc. variable supplies: $0.37 per sandwich.How many sandwiches does she need to sell per month to break even?a. 1506 unitsb. 1547 unitsc. 1604 unitsd. 2826 units Let M = {m - 10,2,3,6}, R = {4,6,7,9) and N = {x\x is natural number less than 9} a. Write the universal set b. Find [Mn (N - R)]xN A simple random sample of 20 - 350 is who are currently on played is dit they work at home at last once per week of the 350 m od dva surveyed mosponded that they did work at home least once per week Constructa 99% confidence verval for the population proportion of employed individs who work at home at least once per week The lower bound stond to three decat places as need The per bounds (Round to the decimal places as needed) Hope's employer deposits her paycheck directly into her checking account. How much would her employer have deposited into Hope's checking account on the most recent payday of 5/21/20? a. $40.00 $284.79 $315.21 d. $600.00 Find the inverse Laplace transform f(t) = 2-1{F(s)} of the function F(s) = 3 S2 + 100 S2 +9 3 f(t) = (-1{ = 7s 52 +9 100} Smith Manufacturing purchased on account $59,000 of direct materials and $4,000 of indirect materials. Which of the following journal entries would correctly record the transaction? A. Work-in-Process Inventory 59,000 Manufacturing Overhead 4,000 Raw Materials Inventory 63,000B. Accounts Payable 63,000 Raw Materials Inventory 63,000 C. Raw Materials Inventory 63,000 Accounts Payable 63,000 D. Raw Materials Inventory 63,000 Finished Goods Inventory 59,000 Work-in-Process Inventory 4,000 Using simple linear regression and given that the price per cup is $1.80, the forecasted demand for mocha latte coffees will be how many cups?PriceNumber Sold2.607703.605152.109904.102503.003154.00475Simple linear regression:Simple linear regression attempts to obtain a formula that can be used for forecasting purposes to predict values of one variable from another. To do so, there must be a causal relationship between the variables.