3 years ago

Juan would like to give his

Business

1 answer:

Nitella [24]3 years ago

3 0

Answer:

7%+18=10,000

Explanation:

I think that's how it goes u just need to solve it

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Jason Allen is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What will b

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Answer:

Value of investment after 10 years will be $738244

Explanation:

We have given that Jason Allen is planning to invest $26000 today in mutual fund

So present value P = $26000

Rate of interest r = 11 %

Time period n = 10 years

We have to find the amount after 10 years

We know that amount is given by

$A=P(1+\frac{r}{100})^n$ , here A is future value , P is present value r is rate of interest and n is time period

So amount after 10 year will be $A=26000\times (1+\frac{11}{100})^{10}$

= $26000\times 1.11^{10}$

$=260000\times 2.8394=738244$

So value of investment after 10 years will be $738244

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For each of the following, state whether the events created are mutually exclusive and whether they are collectively exhaustive.

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Answer:

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- collectively exhaustive (CE): one of the events must occur

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