Zoey is buying a car and needs to borrow \$14,000$14,000 from a bank offering a monthly interest rate of 0.25%. If Zoey makes monthly payments of \$175$175, determine how long it will take her to pay off the loan, to the nearest tenth of a year, using the formula below. M=\frac{Pr(1+r)^n}{(1+r)^n-1}
M=
(1+r)
n
−1
Pr(1+r)
n

​

M=M= the monthly payment
P=P= the amount borrowed
r=r= the interest rate per month
n=n= the number of payments

The host of a game show is holding a bag with chips to see what prizes the contestants will play for. five (5) of the chips say “new car” ten (10) of the chips say “new tv” three (3) of the chips say “trip to france” contestant named “patty” reaches into the bag. a. what is the probability of choosing a tv chip? b. what is the probability of choosing a car chip next without replacing the 1st chip? c. are these dependent or independent events?