<em><u>The least amount of money you would need to invest per month is; $335</u></em>
<em><u>The anticipated rate of return on your investments is; 7%</u></em>
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- Amount to have been saved at the end of 10 years ≥ $40,000
Number of years of savings = 10 years.
- We want to find out the least amount to be invested per month.
There are 12 months in a year. Number of months in 10 years = 10 × 12 = 120 months.
- Thus, amount to be saved monthly = 40000/12 = $333.33
- Since the minimum amount he wants to save after 10 years is $40000, then we need to approximate the monthly savings in order.
Thus;
Monthly savings ≈ $335
- Now, for the anticipated rate of return on the investment, we know from S & P's that the benchmark on good rate of return for investment is a minimum of 7%.
- From online calculator, the worth of the investment after 10 years based on 7% rate of return yearly would be $57626.
Read more at; brainly.com/question/9187598
The answer is most likely B. :)
Answer:
(a) yes
(b) 1/36
(c) 1/36
(d) 1/18
Step-by-step explanation:
(a) yes they are independent as the outcome of one does not affect the outcome of the other.
(b) As the dice are fair, each possible number (1 through 6) has the same probability of being rolled.
P(1 on green die) = 1/6
P(2 on red die) = 1/6
Therefore, P(1 on green die) AND P(2 on red die) = 1/6 × 1/6 = 1/36
(c) Again, as the dice are fair, each possible number (1 through 6) has the same probability of being rolled.
P(2 on green die) = 1/6
P(1 on red die) = 1/6
Therefore, P(2 on green die) AND P(1 on red die) = 1/6 × 1/6 = 1/36
(d) p[(1 on green die and 2 on red die) OR (2 on green die and 1 on red die)
= 1/36 + 1/36
= 2/36
= 1/18
