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trasher [3.6K]
3 years ago
6

Two investments are made at the same time. The first consists of investing 1480 dollars at a nominal rate of interest of 7.7 per

cent convertible semiannually. The second consists of investing 1300 dollars at a nominal rate of interest of 7.7 percent convertible daily. How long will it take for the two investments to be worth exactly the same amount?
Business
1 answer:
wolverine [178]3 years ago
4 0

Answer:

2.01yrs

Explanation:

future value = present value * (1+r)^n

where r = interest rate per period

and n = number of periods

=>

1480 * (1+7.7%/2)^n = 1300 * (1+7.7%)^n

=>

n = 2.01 year

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A bag contains 9 red marbles, 5 white marbles, and 6 blue marbles. You draw 4 marbles out at random, without replacement. Find t
IRINA_888 [86]

a) 0.0260

b) 0.0681

Explanation:

a)

The bag contains:

r = 9 (number of red marbles)

w = 5 (number of white marbles)

b = 6 (number of blue marbles)

So, the total number of marbles in the bag at the beginning is:

n=9+5+6=20

At the 1st attempt, the probability of choosing a red marble is:

p(r)=\frac{r}{n}=\frac{9}{20} (1)

At the 2nd attempt, the 1st red marble is not placed back, so now the number of marbles is (n-1), while the number of red marbles left is (r-1). So the probability of choosing another red marble at the 2nd attempt is

p(r)=\frac{r-1}{n-1}=\frac{8}{19} (2)

With a similar argument, the probabilities of selecting a red marble in the 3rd and 4th attempt are

p(r)=\frac{7}{18} (3)

p(r)=\frac{6}{17} (4)

Therefore, the probability of drawing 4 red marbles in the first 4 attempts without replacing is:

p(rrrr)=\frac{9}{20}\frac{8}{19}\frac{7}{18}\frac{6}{17}=\frac{3024}{116280}=0.0260

b)

At the 1st draw, the probability that the marble is not red is:

p(r^c)=1-p(r)=1-\frac{9}{20}=\frac{11}{20}

At the 2nd draw, there are 9 red marbles left and 19 total marble left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{19}=\frac{10}{19}

At the 3rd draw, there are 9 red marbles left and 18 total marbles left. So, the probability of NOT drawing a red marble is:

p(r^c)=1-\frac{9}{18}=\frac{9}{18}

Finally, with a similar argument the probability of NOT drawing a red marble at the 4th and last attempt is:

p(r^c)=\frac{8}{17}

So, the total probability of drawing 4 non-red marbles in the first 4 attempts is:

p(r^cr^cr^cr^c)=\frac{11}{20}\frac{10}{19}\frac{9}{18}\frac{8}{17}=\frac{7920}{116,280}=0.0681

6 0
3 years ago
Which of the following is not something your group might do while selecting the best solution?
kipiarov [429]

Answer:

The group would not use brainstorming to select the best solution. It would use any of the other answers.

<em>I did that question</em>

<em>Hope I Helped</em>

3 0
3 years ago
I have a fallacious argument is one that is based on
12345 [234]

a fallacious argument would be one that is based on fallacies or disagreements

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In the United States, ________ laws prohibit collusion between rivals. a. competitive arbitration
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Answer:

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2 years ago
. Based on the following data, Accounts payable…………………………………………………..... $62,000 Accounts receivable…………………………………………………. 100,000
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Answer:  $428,000

Explanation:

Given that,

Accounts payable = $62,000

Accounts receivable = 100,000

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Total assets = Accounts receivable + Cash + Inventory + Land

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                     = $428,000

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3 years ago
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