Answer:
$1,105.08.
Step-by-step explanation:
Given that Alice invests $ 1000 at 2% interest compounded monthly over a 5 year period, assuming no other money is deposited or withdrawn, to determine what is the total amount of money in her account after 5 years, the following calculation must be performed:
X = 1,000 (1 + 0.02 / 12) ^ 5x12
X = 1,105.08
Thus, the amount of money in her account after 5 years would be $ 1,105.08.
Are there any answer choices??
Answer:
2 proportions z test
The two populations are named as residents from the first county and residents from the second county.
Step-by-step explanation:
This is testing hypothesis about the difference between two proportions.
When the proportions are tested if they are the test statistic
z= ( p^1-p^2)- (p1-p2) / √p₁q₁/n₁ + p₂q₂/ n₂
where p^1 is the proportion of success in the first sample and p^2 of size n₁ is the proportion of success in the second sample of size n₂ with unknown proportions of successes p1 and p2 respectively.
When the sample sizes are sufficiently large
z= ( p^1-p^2)- (p1-p2) / √p₁q₁/n₁ + p₂q₂/ n₂ is approximately standard normal.
The two populations are named as residents from the first county and residents from the second county.
