The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
Increase = 14
Total =50
Percentage increase = 14/50 x 100 = 28%
Answer:
$140
Step-by-step explanation:
i assume ur asking for how much is left over
250-35= 215
215-75= 140
$140 left
Answer:
The right answer is "0.3193".
Step-by-step explanation:
According to the question,
Mean,
As we know,
The cumulative distributive function will be:
⇒ 
hence,
In the first 5 years, the probability of failure will be:
⇒ 
On Part A you have to subtract $2.39-$1.99. Then in Part B you have to multiply $4.50 by 2. And then I think you have to add $3.79 when u are done multiplying.
