The amount of money the person would have in 8 years s $2541.74.
<h3>How much would the person have in 8 years? </h3>
The formula for calculating future value is:
FV = P (1 + r)^nm]
Where:
FV = Future value
- P = Present value = $2000
- R = interest rate = 3% / 12 = 0.25%
- m = number of compounding = 12
- N = number of years = 8 years
Value of the account in 8 years with monthly compounding = $2000(1.0025)^(12 x 8) = $2541.74
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Answer:
6
Step-by-step explanation:
Since there in a time 0 in the equation, anything before that is useless. afte that its a +6 so its 6
hope it helps
Height is 13 inches. width is 8 inches. dimensions is 42 inches
Answer:
ugh should i drop out
Step-by-step explanation:
Answer:
Probability that the cost will be less than $500 is 0.95994 .
Step-by-step explanation:
We are given that Money magazine reported that a visit to a hospital emergency room for something as simple as a sore throat has a mean cost of $348 with a standard deviation of $87.
Let X = cost of a hospital emergency room visit for this medical service
So, X ~ N(
)
The standard normal z score distribution is given by;
Z =
~ N(0,1)
(a) Probability that the cost will be less than $500 = P(X < $500)
P(X < 500) = P(
<
) = P(Z < 1.75) = 0.95994 {from z table}
Therefore, the probability that the cost will be less than $500 is 0.95994 .