A)

B)

We first find the z-score associated with the level of confidence. For 95% confidence:
Convert 95% to a decimal: 0.95
Subtract from 1: 1-0.95 = 0.05
Divide by 2 (this is the area in the tails): 0.05/2 = 0.025
Subtract from 1 (we don't want the tails, we want the area in the middle): 1-0.025 = 0.975
Using a z-table (http://www.z-table.com) we find the z-score for this is 1.96. We now use the formula

For a 98% confidence level:
Convert 98% to a decimal: 0.98
Subtract from 1: 1 - 0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1 - 0.01 = 0.99
Using the z-table we see the closest number to this is for the z-score 2.33:
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
Answer:
Step-by-step explanation:





Wall = A=
0.98 . Z z. ...... z .. .
Answer:
3,5,7,9,11
Step-by-step explanation:
You would put the whole numbers in order as n and solve
1. 1*2+1 = 3
2. 2*2+1 = 5
3. 3*2+1 = 7
4. 4*2+1 = 9
5. 5*2+1 = 11
You would notice that the numbers are odd numbers in order