The base is 16 and height of each triangle is 2
Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
1: 200-75= r
2: 73-29= v
73-29=44
v=44
For a standard normal distribution, the expression that is always equal to 1 is P(z≤-a)+P(-a≤z≤a)+P(Z≥a). This expression represents all of the possible values in a curve, or in other words, the total area of a curve. According to standard normal distribution, the total area of a curve is always equal to 1.
