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UNO [17]
3 years ago
13

Mike invested $7500 in stocks. He is considering transferring his investment to another fund because since making his investment

, the value of his investment has been decreasing by 0.4% per month. If Mike's investment continues to decrease at this rate and he doesn't transfer it to another fund, how long will it take for the stock's value to be less than $7000?
Mathematics
2 answers:
Fed [463]3 years ago
6 0
About 17 months
Actual number 16 2/3
Alona [7]3 years ago
5 0
7000=7500 (1-0.004)^x
Solve for x
X=log(7,000÷7,500)÷log(1−0.004)
X=17.21 months
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AnnyKZ [126]

Answer:

87.9

Step-by-step explanation:

Use a calculator or table to find the z-score that corresponds to 25%.

P(Z < z) = 0.25

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4 0
3 years ago
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4 0
4 years ago
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Murljashka [212]
(82,82,) (x+y) answer short
8 0
4 years ago
I put C but again I’m not really sure it’s the correct answer.
egoroff_w [7]

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7 0
3 years ago
Which expressions are equivalent to the one below? Check all that apply.<br><br>log 2 - log 6
Marina CMI [18]

Answer:

Given the expression: log 2 -log 6

Use the logarithmic rule :

\log(\frac{m}{n}) = \log m - \log n

\log x^n = n\log x

Use the above rule to solve the expression:

\log 2 -\log 6 = \log \frac{2}{6} = \log \frac{1}{3}   [∴\log(\frac{m}{n}) = \log m - \log n ]

or

\log 2 -\log 6 =\log 2+ \log 6^{-1} = \log 2 + \log \frac{1}{6}     [∴\log x^n = n\log x ]

or

value of : log 2 -log 6 = 0.30102999566 - 0.77815125038 = -0.47712125472



7 0
3 years ago
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