The future amount of Lynnes retirement account can be computed using the formula of amortization or annuity:
P = A[(1+i)^n-1)]/(i)
A= amortization
i= 5.5%
n = 40*12 = 480
Subsituting the variables in th formula, Future amount of Lynne in 40 years is equal to
P = $29,082.71
Answer:
The 95% confidence interval is 
A 95% level of confidence mean that there is 95% chance that the true population mean will be in this interval
Step-by-step explanation:
From the question we are told that
The sample size is 
The mean is 
The standard deviation is 
Given that the confidence level is 95% then the level of significance is mathematically represented as

=> 
=> 
Next we obtain the critical value of
from the normal distribution table , the value is

Generally the margin of error is mathematically represented as

substituting values


The 95% level of confidence interval is mathematically represented as

substituting values


The 95% level of confidence mean that there is 95% chance that the true population mean will be in this interval
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Start by mult. both 0.4 and 5.12 by 100. What is 40 divided by 512?
___.078_______________
512 / 40.000
3584
-----------
4160
4096
---------
64 and so on. Calculator answer is 0.078125.
Answer:
The correct answer is the second one because -10/3 and that graph adds up