Answer:
<u>The balance in the account after 10 years is US$ 2,442.81</u>
Step-by-step explanation:
1. Let's review the data given to us for answering the question:
Investment amount = US$ 2,000
Duration of the investment = 10 years
Annual interest rate = 2% compounded continuously
2. Let's find the future value of this investment after 10 years, using the following formula:
FV = PV * eˣ ⁿ
PV = Investment = US$ 2,000
number of periods (n) = 10 (10 years compounded continuously)
rate (x) = 2% = 0.02
e = 2.71828 (Euler's number)
Replacing with the real values, we have:
FV = 2,000 * (2.71828)^0.02*10
FV = 2,000 * 2.71828^0.2
FV = 2,000 * 1.2214027
<u>FV = US$ 2,442.81</u>
Answer:
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 67
Variance = 3.85
We have to find 80% confidence interval for the population variance of the weights.
Degree of freedom = 67 - 1 = 66
Level of significance = 0.2
Chi square critical value for lower tail =
Chi square critical value for upper tail =
80% confidence interval:
Putting values, we get,
Thus, (3.13,4.91) is the required 80% confidence interval for the population variance of the weights.
Answer:46%
Step-by-step explanation:
Just took test
2916, -972, 324, -108, 36, ...
<span>an = -4(-1)^n 3^(7 - n) </span>
<span>a6 = -4(-1)^6 3^(7 - 6) = -12 </span>
<span>The next number in the pattern is -12.</span>
Answer:
D. Bring a loan to an end.
Step-by-step explanation:
An amortized loan is a loan with scheduled payment plan which covers both the principal and interest, the interest expense for the period is paid first before the remainder of the payment reduces the principal. It is a way of brining a loan to an end.
