1. Using the example, fifteen people take out a
slip of paper from the bucket without looking
and record the results before replacing the
slip back into the bucket How many times is
a slip labeled "5" expected to be drawn?

Margaret is purchasing a house for $210,000 with a 15 year fixed rate mortgage at 4.75% interest she has made a 5% down payment the house is valued at 205,000 and the local tax rate is 3.5% homeowners insurance 600 per year what are her total monthly payment