What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded
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Answer:
The answer is 364. There are 364 ways of choosing a recorder, a facilitator and a questioner froma club containing 14 members.
This is a Combination problem.
Combination is a branch of mathematics that deals with the problem relating to the number of iterations which allows one to select a sample of elements which we can term "<em>r</em>" from a collection or a group of distinct objects which we can name "<em>n</em>". The rules here are that replacements are not allowed and sample elements may be chosen in any order.
Step-by-step explanation:
Step I
The formula is given as
n (objects) = 14
r (sample) = 3
Step 2 - Insert Figures
C (14, 3) = =
=
=
= 364
Step 3
The total number of ways a recorder, a facilitator and a questioner can be chosen in a club containing 14 members therefore is 364.
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