Answer:
Answer:
The anwser is 2
Step-by-step explanation:
1 for each person
Answer:
-1.53 , 1.53
Step-by-step explanation:
It is basically asking you to find the percentiles. so for the bottom 6.3% you would type into your calculator 2nd, VARS, invNorm, area: .063, mean: 0, and Standard Deviation: 1 which gives you -1.53.
for the upper 6.3% you have to take 1-.063=.937 to get the upper percentile. now type into your calculator 2nd, VARS, invNorm, area: .937, mean: 0, and Standard Deviation: 1 which gives you 1.53.
I hope I helped :D
Current amount in account
P=36948.61
Future value of this amount after n years at i=11% annual interest
F1=P(1+i)^n
=36948.61(1.11)^n
Future value of $3000 annual deposits after n years at i=11%
F2=A((1+i)^n-1)/i
=3000(1.11^n-1)/0.11
We'd like to have F1+F2=280000, so forming following equation:
F1+F2=280000
=>
36948.61(1.11)^n+3000(1.11^n-1)/0.11=280000
We can solve this by trial and error.
The rule of 72 tells us that money at 11% deposited will double in 72/11=6.5 years, approximately.
The initial amount of 36948.61 will become 4 times as much in 13 years, equal to approximately 147800 by then.
Meanwhile the 3000 a year for 13 years has a total of 39000. It will only grow about half as fast, namely doubling in about 13 years, or worth 78000.
Future value at 13 years = 147800+78000=225800.
That will take approximately 2 more years, or 225800*1.11^2=278000.
So our first guess is 15 years, and calculate the target amount
=36948.61(1.11)^15+3000(1.11^15-1)/0.11
=280000.01, right on.
So it takes 15.00 years to reach the goal of 280000 years.
Sycamore=15.6 recurring
Oak=14.75
Maple=15.75
Birch=15.72
Therefore, A and B are true
Answer:
27
Step-by-step explanation:
because 6×4 is 24 and 24+3 =27