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mr Goodwill [35]
3 years ago
5

if $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 ye

ars?
Mathematics
1 answer:
mote1985 [20]3 years ago
3 0
The formula is
A=p (1+r/k)^kt
A future value?
P present value 240
R interest rate 0.09
K compounded monthly 12
T time 14 years
A=240×(1+0.09÷12)^(12×14)
A=842.13
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<h3><u>Probabilities</u></h3>

Since the Better Business Bureau conducts a survey of 30 people who recently hired an attorney, and 17 of them say that they would recommend their attorney to a friend, while 8 say that they would not recommend their attorney to a friend, and the remaining 5 say that they are not sure, and then three people are selected from this group of 30 people at random, to determine what is the probability that A) all three would recommend their attorney to a friend, and B) the first would not, but the second and third would recommend their attorney to a friend, the following calculation must be performed:

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Learn more about probabilities in brainly.com/question/24217562

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