Answer quick for my hw pls
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P(x > 10.52) ≈ 0.289%
A suitable calculator can help with this.
A suitable calculator can help with this.
You will need a formula for compound interest solved for principal. (See attached).
Principal =<span> $2,471.23 / (1+ (.024/4)^4*9
</span>
Principal = $2,471.23 / <span> <span> <span> 1.2403016056 </span> </span> </span>
Principal = <span> <span> <span> $1,992.44</span></span></span>
(I checked this with an online compound interest calculator to check this - it is correct.)
Principal =<span> $2,471.23 / (1+ (.024/4)^4*9
</span>
Principal = $2,471.23 / <span> <span> <span> 1.2403016056 </span> </span> </span>
Principal = <span> <span> <span> $1,992.44</span></span></span>
(I checked this with an online compound interest calculator to check this - it is correct.)