If an event has a probability P of happening, then there is a probability of (1-P) of the event not happening.
In this case the probability of the event is p=20/69.
Then, the probability of the event not happening is:
Answer: the probability of the event not happening is 49/69.
Answer:
$83,320
Step-by-step explanation:
The formula to apply here is;
where;
A=Amount at the end
P=the amount to invest/principal
r=rate of interest as a decimal
n=number of compoundings in a year
t=time in years
Given that;
A=$400,000
P=?
r=8%=0.08
n=2
t=20
Substitute values in equation
P=$83,320 (to the nearest dollar)