Answer:
C.1/6
Step-by-step explanation:
Initially the box has four $1 and six $5 bills. The probability of selecting a $5 bill in the first trial would be given as;
(number of $5 bills) / (total number of bills)
= (6)/(4+6) = 3/5
If in the first attempt we actually pick a $5 bill, the number of $5 bills will reduce by one to 5. Now, the probability of picking a $5 bill in the second attempt will be given as;
(new number of $5 bills) / (new total number of bills)
= (5)/(4+5) = 5/9
The new number of $5 bills will now be; 6 - 2 = 4 since we have already picked 2 without replacing them.
Now, the probability of picking a $5 bill in the third attempt will be given as;
(new number of $5 bills) / (new total number of bills)
= (4)/(4+4) = 1/2
Since the three attempts are independent, the probability of picking all three $5 bills is;
3/5 * 5/9 * 1/2 = 1/6
The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
-1.83337261989
Step-by-step explanation:
(2 1/3)/y=-1.272727
2 1/3 = -1.272727y
y=-1.83337261989
Answer:
c
Step-by-step explanation:
=16
![\sqrt[3]{16}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B16%7D)
