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2 years ago

Use the compound interest formulas A=P1+

Mathematics

1 answer:

Bingel [31]2 years ago

5 0

The accumulated value of an investment if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is $30731.4 $ , $30785.98 $30823.14 , 30841.95

<h3>What is Interest ?</h3>

Interest is the amount received by a person as a result of investing certain amount of money for a certain period of time.

It is given that

Principal = $ 25000

Time = 3 years

Interest Rate = 7 %

The amount is given by

$\rm A = P( 1+ \dfrac{r}{n}) ^{nt}$

Compounded semiannually

n = 2

Compounded Quarterly

n = 4

Compounded Monthly

n =12

Compounded Continuously

P = P₀ $\rm e ^{rt}$

Therefore the accumulated value for

compounded Semiannually is

$\rm A = 25000( 1+ \dfrac{7}{200}) ^{2*3}$

A = $30731.4

Compounded Quarterly

$\rm A = 25000( 1+ \dfrac{7}{400}) ^{4*3}$

A = $30785.98

Compounded Monthly

$\rm A = 25000( 1+ \dfrac{7}{1200}) ^{12*3}$

A = $30823.14

Compounded Continuously

$\rm P = 25000 e ^{ 7 * 3 }$

P = $30841.95

Therefore the accumulated value of an investment if the money is

a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously is

$30731.4 $ , $30785.98 $30823.14 , 30841.95

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3 years ago

According to the "January theory," if the stock market is up for the month of January, it will be up for the year. If it is down

PSYCHO15rus [73]

Answer:

The required probability is 0.031918.

Step-by-step explanation:

Consider the provided information.

It is given that According to an article in The Wall Street Journal, this theory held for 22 out of the last 34 years.

Therefore n=34

The probability it is either up or down is 0.5.

Thus the value of p =0.5 and q = 0.5

Now calculate the probability

Let X is the number of years that theory held.

X has a binomial distribution with n=34 and p=0.5

$P(X=22)=\binom{34}{22}(0.5)^{22}(0.5)^{12}\\P(X=22)=\frac{34!}{22!\times 12!}(0.5)^{22}(0.5)^{12}\\P(X=22)=548354040\times 5.8207660913\times 10^{11}\\P(X=22)=0.0319184060208\\P(X=22)\approx0.031918$