I think Ms.Gonzalez got 217 prizes on Wednesday.All you had to do was divide 1,307 by 6.
The answer should be $13 !! hope that helps
Answer:
1000(1/20000) +
300(2/20000) +
10(20/20000) +
=
1800/20000 = .09
Step-by-step explanation:
Each ticket purchased is expected to win 9 cents
Each ticket purchased cost 75 cents
If you interpret expected winnings per ticket to include the cost then each ticket is expected to lose 66 cents.
The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
