Answer: $58,088.57
Step-by-step explanation:
The investment is compounded weekly so you need to change the parameters of the equation to a weekly figure:
Interest rate is yearly so:
= 3.75%/52
= 3.75/52% per week
Number of periods is 4 years so:
= 4 * 52
= 208 weeks
Future value in 4 years is:
= 50,000 * ( 1 + 3.75/52%)²⁰⁸
= $58,088.57
Answer:
1. 18
2. 2412
Step-by-step explanation:
1. Monday 3
Tuesday 6
Wensday 9
Thursday 12
Friday 15
Sunday 18
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2.
603*4=2412
Answer: a) 0.9961, b) 0.9886
Step-by-step explanation:
Since we have given that
Probability that does not show up = 0.10
Probability that show up = 0.90
Here, we use "Binomial distribution":
n = 125 and p = 0.90
Number of passengers that hold in a flight = 120
a) What is the probability that every passenger who shows up can take the flight?
(b) What is the probability that the flight departs with empty seats?
Hence, a) 0.9961, b) 0.9886
Answer:
Insufficient Data
Step-by-step explanation:
Please correct the problem. Given details are not enough or/and precise to suggest solution