See attached graph: v is on the y-axis and t is on the x-axis
Consider the following game: Roll a fair 6-sided die. You win if the result is greater than 4; otherwise, you lose. To play, you
1 answer:
Answer:
-$1.33 or lose $1.33
Step-by-step explanation:
In this game, there are two possible outcomes.
- There is a 2 in 6 chance (rolling a 5 or a 6) that you win $8.
- There is a 4 in 6 chance (rolling a 1, 2, 3 or a 4) that you win nothing.
Note that for any outcome, you start off paying $4 to play.
The expected value of this game is:
You are expected to lose $1.33 per play.
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First, let's get the perimeter of the rectangle:
Then, let's get the area of the bigger one:
Then let's try using a rectangle with a smaller ratio:
Then:
If you used a square:
There you have it. A rectangle with a smaller area with the same perimeter.
What does it show? The smaller the difference you get from width and length, the larger the area is.
Then, let's get the area of the bigger one:
Then let's try using a rectangle with a smaller ratio:
Then:
If you used a square:
There you have it. A rectangle with a smaller area with the same perimeter.
What does it show? The smaller the difference you get from width and length, the larger the area is.
The annuity could provide $221.19 each month
Step-by-step explanation:
The ANNUITY FORMULA is , where
1. is the balance in the account after t years
2. d is the regular deposit (the amount you deposit each year or month
or .........)
3. r is the annual interest rate in decimal
4. n is the number of compounding periods in one year
5. t the number of years
∵ Loren knows that he will have $500,000 when he retires
∴ = $500,000
∵ he sets up a payout annuity for 30 years in an account paying 10%
interest
∴ t = 30 years
∴ r = (10/100) = 0.1
∵ The annuity could provide each month
∴ n = 12
Substitute the values above in the formula
∴
∴
∴ 500,000 = d [2260.487925]
- Divide both sides by 2260.487925
∴ d = $221.19
The annuity could provide $221.19 each month
Learn more:
You can learn more about deposit in brainly.com/question/8782252
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