Answer:
23%
Step-by-step explanation:
If in any year there is a 12% chance that a mutual fund will outperform the market, that is in a mutually exclusive situation where the previous years performance is not considered. In this situation where trying to calculate the probability of a mutual fund outperforming the market 2 years in a row, the answer will be 23% as according to the calculations done by the financial analyst where the probability is calculated in a situation dependent on the previous years performance.
Answer:
divide it then you'll get your answer!
Step-by-step explanation:
Answer:
Let's say that I have $1000.00 to invest for 3 years at rate of 6% compound interest.
M = 1000 (1 + 0.06)^3 = $1191.16.
My $1000.00, after 3 years, is worth $1191.16.
Please comment if you have any questions... :)
Answer: A compound event is an event that has more than one possible outcomes.
Example: Outcome of rolling a 6 since the dice is 6 sided. 1/6 is the probability .
