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tatyana61 [14]
3 years ago
13

You will receive $15000 I’m two years when you graduate. You plan to invest this at an annual interest rate of 6.5 percent. How

much money will you have 8 years from now?
Mathematics
1 answer:
Crank3 years ago
7 0

You will have $24 824.94 eight years from now.

The formula for the future value (FV) of her investment is

FV =<em>C</em>(1 + <em>r</em>)^<em>n</em>

where <em>C</em> = her initial cash

<em>r</em> = the interest rate

<em>n</em> = the number of years

FV = $15 000(1.065)^8 = $24 824.94

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Answer:

f(1)=0

f(x+1)=f(x)+11

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What is the least prime number greater than 50?
uysha [10]
A prime number is a number that has only two factors: 1 and itself
For example, the number 7 has two factors: 1,7 This makes 7 a prime number
Since the number has to be greater than 50, we can go to the next whole number; 51
51 has four factors, 1,3,17,51 This is not our prime number
52 is even so obviously it's not prime because you can divide by two
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If you have any questions feel free to ask
3 0
3 years ago
Read 2 more answers
Every $4,000 spent on cable TV will reach 160 fans while every $2,750 spent on radio ad will reach 125 fans. A stadium has estab
laila [671]

Answer:

Neither of the two advertising options meet the goal.

Step-by-step explanation:

Every $4,000 spent on cable TV will reach 160 fans.

Therefore, the goal of reaching 200000 fans will be fulfilled by \frac{4000 \times 200000}{160} = 5000000 dollars i.e. $5 million which is greater than the budget of $3 million.

Now, every $2,750 spent on radio ads will reach 125 fans.

Therefore, the goal of reaching 200000 fans will be fulfilled by \frac{2750 \times 200000}{125} = 4500000 dollars i.e. $4.5 million which is again greater than the budget of $3 million.

Therefore, neither of the two advertising options meet the goal. (Answer)

8 0
3 years ago
In general, after a group makes a reservation at a restaurant, they do not show up 20% of the time. If a restaurant has 8 reserv
sashaice [31]

Answer:

P(more than 2 don't show up)=0.2031

Step-by-step explanation:

Multiplication rule for independent events:

If two events A and B are independent then the multiplication rule state that:

P(A and B)= P(A) x P(B)

Find the probability that more than two do not show up:

The probability that the reservations at the restaurant do not show up is 0.20 (=20%) and there were 8 reservations.

P(more than 2 don't show up)= 1- P(less than or equal to 2 don't show up)

= 1-( P(none show up) +P(one don't show up)+P(two don't show up)

=1- ((0.8⁸) +₈ C₁ (0.2¹)x(0.8⁷)  +₈ C₂ (0.2²)x(0.8⁶)

=1- (0.1678 +0.3355+0.2936)= 1-0.7969

P(more than 2 don't show up)=0.2031

5 0
3 years ago
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