Even though the money is required 2 years from now, the first deposit is made only a year from now, therefore in the bank for only one year.
The second deposit will be in the bank the same day it will be taken out, so no interest whatsoever.
Thus future value
= 8200(1.062)+8200
=$16908.40
will be available assuming compounding annually.
Answer:
$475
Step-by-step explanation:
There are 3 possible accident in this question
3% chance of losing $2000
0.1% chance of losing $150,000
96.9% chance of losing $0
Then the expected value that you will lose is:
3%* $2000 + (0.1% * $15000) + (96.9% * $0)= $75
Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:
average profit = premium price - average lose
premium price= average profit + average lose
premium price= $400 + $75 = $475
Answer: A <u>Quadrilateral</u> is a trapeziod with only 1 pair of parallel sides.
Hope this helps!
Answer:
11/60
Step-by-step explanation:
It is convenient to use the relationship between sine, cosine, and tangent.
tan(x) = sin(x)/cos(x) = (11/61)/(60/61)
tan(x) = 11/60

<h2>TRUE </h2>

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<h3>→XxKim02xX</h3>