Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value =
here,
C = Regular withdraw amount
Thus,
Present Value =
Present Value =
Present Value =
Present Value =
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
Answer: x=4.25
Step-by-step explanation:
-30=4-8x
subtract 4 from both sides
-8x=-34
divide by -8 on both sides
x=4.25
Answer:
95% Confidence interval: (31.32%,47.04%)
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 148
Number of people who sleep for 8 hours or longer, x = 58
95% Confidence interval:
Putting the values, we get:
(31.32%,47.04%) is the required 95% confidence interval.
It would be 8 to the 8th power