I would recommend a savings account
Answer:
281,281.28
Explanation:
expected cost 300,000 + 10,000 = 310,000
with an inerest rate of 10%
discount value equals to 281,281.28
Answer:
1.the present value for the following assuming that the money can be invested at 11% is $1,209,346.73
2.if she can invest money at 11%, I will recommend that she accept the first option of taking a lump sum of $150000
Explanation:
a) using the compound interest formula
A= p[1+r%]^n
P= $150000 n=20 r=11%
A= 150000[ 1+11/100]^20
A=150000[1.11]^20
A=150000 ×8.062311536
A= $1,209,346.73
2. The first option will give her $1,209,346.73 and the second option will give her ($14,000 ×20)+$60,000= $340000
Therefore the first option is better to accept because she will make more money in the first option than in the second option.
Answer:
you need a 4.0 gpa to be in the junior honor society
Explanation:
cause
A random variable x is a numerical outcome of a probability experiment. There is a numerical value which is determined by chance for each outcome in the procedure or experiment. Therefore, a random variable is used for describing outcomes using numerical values.
x = time in minutes
