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Marizza181 [45]
3 years ago
12

suppose you are the financial manager of the International Emirates University IEU. And you are requested at the end of the year

2020 to pay 30,000 as the building rent for the coming two years. Furthermore at the end of the year 2022 you are requested to renew the university working licenses with total amount of $ 50,000 for the coming two years. Also, at the end of the year 2023 you have to face withdraw of $80,000 to pay well-known fees to the head of university in Dubai. If you can earn 8% in your fund how much you should deposit by today to reach your goals, and to leave your balance zero after the last withdrawal?
Mathematics
1 answer:
Irina18 [472]3 years ago
8 0
So what this is is
many words

assuming year 0 is 2017

so compound first thing till 2020, take out 30000
the remaining is copmpounded til 2022, take out 50000
remaining is compounded for 1 more year and that is equal to 80000

so from 2017 to 2020, that is 5 years
from 2020 to 2022 is 2 years
from 2022 to 2023 is 1 year


work backwards

A=P(r+1)^t
last one
A=80000
P=?
r=0.08
t=1 year

80000=P(1.08)^1
divide both sides by 1.08
I would leave in fraction
20000000/27=P

now that is the remaining after paying 50000, after 2 years of compounding

so
50000+(2000000/27)=P(1.08)^2
solve using math
about
106374=P

now reverse back

5 years
paid 30000

30000+106374=P(1.08)^5
solve using math
92813.526=P
round
$92813.53




put $92813.53 in the fund
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Answer:

9.18%

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First, find the z-score.

z = (x − μ) / σ

z = (18 − 19.6) / 1.2

z = -1.33

Use a chart or calculator to find the probability:

P(Z < z) = 0.0918

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3 years ago
Find the<br>simple interest:<br>Princpd $6000<br>Interest Rate 5%<br>Time: 6 months<br>Start​
sattari [20]

Answer: The interest is: $150.00

The formula we'll use for this is the simple interest formula, or:

Where:

   P is the principal amount, $6000.00.

   r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.

   t is the time involved, 6....month(s) time periods.

   Since your interest rate is "per year" and you gave your time interval in "month(s)" we need to convert your time interval into "year" as well.

       Do this by dividing your time, 6- month(s), by 12, since there's 12 months in 1 year.

   So, t is 0.5....year time periods.

To find the simple interest, we multiply 6000 × 0.05 × 0.5 to get that:

The interest is: $150.00

8 0
3 years ago
Solve the equation <br> |x-3| -10=-5
Deffense [45]

Answer:

x=8                     x=-2

Step-by-step explanation:

|x-3| -10=-5

Add 10 to each side

|x-3| -10+10=-5+10

|x-3| =5

Now separate into two equations , one positive and one negative

x-3 = 5           x-3 = -5

Add 3 to each side

x-3+3 = 5+3    x-3+3 = -5 +3

x=8                     x=-2

5 0
3 years ago
Read 2 more answers
The annual rainfall (in inches) in a certain region is normally distributed with = 40 and = 4. What is the probability that star
sdas [7]

Answer:

0.93970

Step-by-step explanation:

Solution:-

- Denote a random variable "X" The annual rainfall (in inches) in a certain region . The random variable follows a normal distribution with parameters mean ( μ ) and standard deviation ( σ ) as follows:

                          X ~ Norm ( μ , σ^2 )

                          X ~ Norm ( 40 , 4^2 ).

- The probability that it rains more than 50 inches in that certain region is defined by:

                          P ( X > 50 )

- We will standardize our test value and compute the Z-score:

                          P ( Z > ( x - μ )  / σ )

Where, x : The test value

                          P (  Z > ( 50 - 40 )  / 4 )

                          P (  Z > 2.5 )

- Then use the Z-standardize tables for the following probability:

                          P ( Z < 2.5 ) = 0.0062

Therefore,          P ( X > 50 ) = 0.0062

- The probability that it rains in a certain region above 50 inches annually. is defined by:

                           q = 0.0062 ,

- The probability that it rains in a certain region rains below 50 inches annually. is defined by:

                           1 - q = 0.9938

                           n = 10 years   ..... Sample of n years taken

- The random variable "Y" follows binomial distribution for the number of years t it takes to rain over 50 inches.

                          Y ~ Bin ( 0.9938 , 0.0062 )

- The probability that it takes t = 10 years for it to rain:

                         =  10C10* ( 0.9938 )^10 * ( 0.0062 )^0

                         = ( 0.9938 )^10

                         = 0.93970

3 0
3 years ago
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