You put $125.32 at the end of each month in an investment plan that pays 2.5% interest, compounded monthly. how much will you ha
1 answer:
After 23 years $125.32 will be matured to $46,683.28.
<h3>What is the formula for recurring investment?</h3>The formula for Recurring maturity is given by:
Where A=matured amount
P =Principal value
n=Number of months
r=Interest rate(annual)
We have P= $125.32
n=23*12 = 276 months
r=2.5*12 =30%
Put these values in the above formula
we get A= $46,683.28
Therefore, After 23 years $125.32 will be matured to $46,683.28.
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Answer:
0.0076 = 0.76% probability that all five plants emerged from treated seeds
Step-by-step explanation:
The plants were chosen without replacement, which means that the hypergeometric distribution is used to solve this question.
Hypergeometric distribution:
The probability of x successes is given by the following formula:
In which:
x is the number of successes.
N is the size of the population.
n is the size of the sample.
k is the total number of desired outcomes.
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.
In this question:
6 + 6 = 12 seeds, which means that
6 treated, which means that
Five sprouted, which means that
What is the probability that all five plants emerged from treated seeds?
This is P(X = 5). So
0.0076 = 0.76% probability that all five plants emerged from treated seeds