Answer:
What do you need help with?
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
On the inverse, you switch the x and y. So on the function there is point (-2,-11) and on the inverse there is point (-11,-2)
t=D/r
Divide r by both sides to get t by itself.
Answer:
Future value of annuity (FV) = $13,782.12 (Approx)
Step-by-step explanation:
Given:
Periodic payment p = $500
Interest rate r = 13% = 13%/4 = 0.0325 (Quarterly)
Number of period n = 5 x 4 = 20 quarter
Find:
Future value of annuity (FV)
Computation:
![Future\ value\ of\ annuity\ (FV)=p[\frac{(1+r)^n-1}{r} ] \\\\Future\ value\ of\ annuity\ (FV)=500[\frac{(1+0.0325)^{20}-1}{0.0325} ] \\\\Future\ value\ of\ annuity\ (FV)=13,782.1219 \\\\](https://tex.z-dn.net/?f=Future%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3Dp%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D500%5B%5Cfrac%7B%281%2B0.0325%29%5E%7B20%7D-1%7D%7B0.0325%7D%20%5D%20%5C%5C%5C%5CFuture%5C%20value%5C%20of%5C%20annuity%5C%20%28FV%29%3D13%2C782.1219%20%5C%5C%5C%5C)
Future value of annuity (FV) = $13,782.12 (Approx)
Answer:
2.3%
Step-by-step explanation:
The formula to convert x into z distribution is

Where z is the test statistic
x is what we are looking for (in this case 37)
is the mean (in this case, it is 25)
is the standard deviation (we have 6)
<em>Plugging these into the formula, we get:</em>

Thus we can say we want 
<u>Note: </u> 
The table given is for any z where 
Thus, now we have:

0.0228 into percentage is 0.0228 * 100 = 2.28%
Rounded, we get 2.3%
Third answer choice is right.