Using the future value formula, it is found that you would need to deposit $272.95 in the account each month.
<h3>What is the future value formula?</h3>
It is given by:
![V(n) = P\left[\frac{(1 + r)^{n-1}}{r}\right]](https://tex.z-dn.net/?f=V%28n%29%20%3D%20P%5Cleft%5B%5Cfrac%7B%281%20%2B%20r%29%5E%7Bn-1%7D%7D%7Br%7D%5Cright%5D)
In which:
- n is the number of payments.
For this problem, considering that there are monthly compoundings, the parameters are:
r = 0.08/12 = 0.0067, V(n) = 300000, n = 25 x 12 = 300.
Hence we solve for P to find the monthly payment.
![300000 = P\left[\frac{(1.0067)^{299}}{0.0067}\right]](https://tex.z-dn.net/?f=300000%20%3D%20P%5Cleft%5B%5Cfrac%7B%281.0067%29%5E%7B299%7D%7D%7B0.0067%7D%5Cright%5D)
1099.12P = 300000
P = 300000/1099.12
P = $272.95.
You would need to deposit $272.95 in the account each month.
More can be learned about the future value formula at brainly.com/question/24703884
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Answer:
1/6
Step-by-step explanation:
There are 4 different types of clothing
We want socks
P(socks) = 1/4
Now we have 3 different colors, 2 of which are not blue
P(not blue) =2/3
P(socks that are not blue) = 1/4*2/3 = 2/12 = 1/6
Answer:
The planning value for the population standard deviation is of 4330.
Step-by-step explanation:
Uniform probability distribution:
The uniform probability distribution has two bounds, a and b. The standard deviation is given by:
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 20000 and 35000.
Uniform in this interval, so 
What is the planning value for the population standard deviation?
The planning value for the population standard deviation is of 4330.
Yo is this supposed to be in spanish
25.64
Because if Tim earns 45.70 each month multiply that by 3 which will give you 137.10 take 214.02 subtract 137.10 and you get 76.92 which is the total amount of money that Tom needs to give divide it by 3 and you get 25.64 which gives you the amount he needs to make in a 3 month period
