The future value of a monthly deposit A=125.30 at annual interest i=0.015 per annum for n=35 years compounded monthly is given by
FV=A((1+i/12)^(12*n)-1)/(i/12)
=125.30(1+0.015/12)^(12*35)/(0.015/12)
=$69156.05
The annuity formula is given by
Payment = r(PV)/(1-(1+r)^(-n))
where
r=interest rate per period = 0.015/12
PV= $69156.05
n=20*12=240
so
Payment = (0.015/12)<span>69156.05/(1-(1+0.015/12)^(-240))
= $333.71 per month.</span>
The answer is 0.7 Have a nice day
Answer:
less then
Step-by-step explanation:
the square root of 7 is 2.64 and 14/5 is = 2.8
Answer:
Kindly check explanation
Step-by-step explanation:
Given the following :
Population mean (μ) = 2.55
Population standard deviation (σ) = 0.5
Sample size (n) = 30
Sample mean (x) = 2.76
α = 0.05
STEP 1:
Stress score in general executive (s1)
Stress score in exercising executive (s2)
Null : s1 = s2
Alternative : s1 < s2
STEP 2:
Shape of distribution = normal
Population mean (μ) = 2.55
Population standard deviation (σ) = 0.5
Sample size (n) = 30
Sample mean (x) = 2.76
α = 0.05
Decision rule :
α = 0.05 which corresponds to a t score (t0) ;
df = n - 1 = 30 - 1= 30 at 0.05 = 1.699
If :
(Test statistic (t) > t0) ; reject the Null
(right tailed test)
Test statistic (t) :
(x - μ) / (σ/√n)
(2.76 - 2.55) / (0.5/√30)
0.21 / 0.0913
= 2.30
t > t0
2.30 > 1.699
t is more extreme than t0
Hence, reject the null at α = 0.05
