P(most favorable outcome) = 1 -(0.03 +0.16 -0.01) = 0.82
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"repair fails" includes the "infection and failure" case, as does "infection". By adding the probability of "repair fails" and "infection", we count the "infection and failure" case twice. So, we have to subtract the probability of "infection and failure" from the sum of "repaire fails" and "infection" in order to count each bad outcome only once.
The probability of a good outcome is the complement of the probability of a bad outcome.
I don’t understand why people are sending files as answer
Answer:
125,000 * 1.0625^t years
Step-by-step explanation:
compound interest = increase in amount
100 + 6.25 = 106.25
106.25/100 = 1.0625
therefore, 125,000 * 1.0625^years
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
