How much would $300 invested at 4% interest compounded monthly be
1 answer:
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Answer:
The EMV of this project is -17,500
Step-by-step explanation:
The EMV of the project is the Expected Money Value of the Project.
This value is given by the sum of each expected earning/cost multiplied by each probability.
So, in our problem
The problem states that there is a 25% chance of Snowmaggedon which will delay the project at a cost of $35,000. Since this is a cost, is negative.
There is a 10% chance of cost of construction materials dropping saving the project $70,000. A saving is an earning, so is positive
There is a 10% probability a labor strike will occur delaying the schedule with a cost of $40,000.
There is a 80% chance of new regulations mandated calling for higher inspection standards which will cost an additional $15,000 to mitigate
The EMV of this project is -17,500
Answer: 2.12 ×
The coefficient (in green) will be 2.12
Step-by-step explanation:
Scientific notation is written by multiplying the number by a power of 10. This number is a number between 1 and 10.
Since this is a smaller number, we will be multiplying it by a power of 10 to a negative number.
To get this value to a number between 1 and 10, we must multiply it by 10 3 times (also shown as 10³) which gives us 2.12.
To get back to the original value, we multiply this by . This gives us our answer.