Answer:
FV= $2,407.53
Step-by-step explanation:
Giving the following information:
Present Value (PV)= 1,300
Interest rate (i)= 4.5% = 0.045
Number of periods (n)= 14 years
<u>To calculate the future value (FV) of the initial investment after 14 years, we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 1,300*(1.045^14)
FV= $2,407.53
Answer:
9/10
Step-by-step explanation:
She lost 1/10 and 8/10 marbles. When you add them up you get 9/10. There for, Christina lost 9/10 marbles altogether.
Hope this helps :)
Answer:
The probability is 0.173
Step-by-step explanation:
The probability is of winning is 0.75 = 75/100 = 3/4
This means that the probability of losing is 0.25 = 25/100 = 1/4
So if they are two win 4 games, they will lose three
We can get this probability using the Bernoulli approximation of the binomial theorem
So here, we have
P(X = 4) = 7 C 4 * 0.75^4 * 0.25^3
= 0.173034667969
which is approximately 0.1730
