Answer:
There are two numbers {1,2} which is less than 3. so, required probability P(E) = 2/6 = 1/3.
Step-by-step explanation:
hope this helps
<em>interpret it that there are three payments of 50,000 aside from the current deposit of 110,000</em>
<em>amount after 3 years</em>
<em>= 110,000(1.05)^3 + 50,000( 1.05^3 - 1)/.05</em>
<em></em>
I got 5 times 45 because I multiplied by 5 to get my answer.
