Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
There follows the formula for "z-score:"
raw score - mean
z = ------------------------------
standard dev
9.1 - 8
Here, the z-score is z = ------------- = 0.344
3.2
Answer:
B
Step-by-step explanation:
False,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,