Answer:
$51.
Step-by-step explanation:
Interest I = PRT/100 where P = amount of the loan , R = rate and T = the times in years.
I = 340 * 15 * 1 / 100
= 5100/100
= $51.
Answer:
1095$ should be invested today .
Step-by-step explanation:
The formula of present value will be applied here :
Present Value= Future Value/(1+ interest rate)^Years
Present Value = 1250/(1.045)^3
What you see in the z score table is P(z< a constant), for P( z≥ a number), subtract the probability from 1:
1-0.1587=0.8413
on the z score table, you will see that p(z<1.00)=0.8413
so c=1.00
Could you send the picture so I could help please :)
