Answer:
PV= $40,279.36
Step-by-step explanation:
Giving the following information:
Number of periods= 8*12= 96 months
Interest rate= 0.039/12= 0.00325
Future value (PV)= $55,000
<u>To calculate the initial investment, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 55,000 / (1.00325^96)
PV= $40,279.36
Answer:
D.
Step-by-step explanation:
22 weeks because you already have 5 dollars so the other answer is wrong
Answer:
11/50
Step-by-step explanation:
The frequency numbers for landing on 1, 2, and 3 are:
25, 53, 62.
We add them up to get: 25 + 53 + 62 = 140
Since 250 spins were made, and 140 of them landed on 1, 2, or 3, then
250 - 140 = 110,
so 110 landed on 4 or 5.
We are told the numbers of spins landing on 4 and 5 are equal, so
110/2 = 55,
so the spinner landed 55 times on 4 and 55 times on 5.
relative frequency = 55/250 = 11/50