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Ymorist [56]
3 years ago
15

Keith started saving for retirement at age 45 with plans to retire at age 70. He invested an average of $500 per month in variou

s securities, with an average annual return of 6% adjusted for inflation. Assuming monthly compounding, how much has Keith saved at the start of retirement? (2 points)
$27,432.26
$446,496.98
$346,496.98
$712,355.15
Mathematics
1 answer:
pochemuha3 years ago
5 0
The answer is B. $<span>446.496.98</span>
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VladimirAG [237]

Answer:

Margin of error  for a 95% of confidence intervals is 0.261

Step-by-step explanation:

<u>Step1:-</u>

 Sample n = 81 business students over a one-week period.

 Given the population standard deviation is 1.2 hours

 Confidence level of significance = 0.95

 Zₐ = 1.96

Margin of error (M.E) = \frac{Z_{\alpha  }S.D }{\sqrt{n} }

Given n=81 , σ =1.2 and  Zₐ = 1.96

<u>Step2:-</u>

<u />Margin of error (M.E) = \frac{Z_{\alpha  }S.D }{\sqrt{n} }<u />

<u />Margin of error (M.E) = \frac{1.96(1.2) }{\sqrt{81} }<u />

On calculating , we get

Margin of error = 0.261

<u>Conclusion:-</u>

Margin of error  for a 95% of confidence intervals is 0.261

<u />

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4 years ago
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Elina [12.6K]

Answer:

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Step bu step:

N/A

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Answer:

Step-by-step explanation:

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