A loan of P300,000 is to be repaid monthly for 5 years that will start at the end of 4 years. If interest rate is at 12% converted monthly. 19 – 20. a number of conversion periods in the period of deferral.
21 – 22. interest rate per period
23 – 25. present value of the loan

In a test for esp (extrasensory perception), a subject is told that cards only the experimenter can see contain either a star, a circle, a wave, or a square. as the experimenter looks at each of 20 cards in turn, the subject names the shape on the card. a subject who is just guessing has probability 0.25 of guessing correctly on each card. a. the count of correct guesses in 20 cards has a binomial distribution. what are n and p? b. what is the mean number of correct guesses in 20 cards for subjects who are just guessing? c. what is the probability of exactly 5 correct guesses in 20 cards if a subject is just guessing?