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Minchanka [31]
3 years ago
10

Using the chart "Amount of $1 at Compound Interest" from previous reading section "More Compound Interest", find the total amoun

t and amount of interest paid in the following compound interest problems.
$3,000 at 8% for 5 years.

Compounding Total Amount Interest Amount
annually $ $
semiannually $ $
quarterly $ $
Mathematics
1 answer:
vitfil [10]3 years ago
7 0

Answer:

Step-by-step explanation:

the formula used for any interest other then continuously is

A=P(1+r/n)^nt

so... r=rate in decimal form ONLY n=how often interest is paid t=time passed

A=3000(1+.08/1)^(1)(5) = annually

A=3000(1+.08/2)^(2)(5)

A=3000(1+.08/4)^(4)(5)

use you calculator to get the answer

it is good practice to use your calculator now because soon you will be using it for population questions and those need to be entered very carefully.

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Answer:

(a x 4)+(a x 3)=7a

Step-by-step explanation:

(a x 4)+(a x 3)= 4a+3a

(a x 4)+(a x 3)=7a

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Answer:

y = -3x -5

Step-by-step explanation:

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Answer:

The data item is X = 580

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

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3 years ago
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