What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?
1 answer:
You might be interested in
Amount of money received when x tickets are sold=$Y
Number of tickets sold=X
Slope of line=
And , y- intercept = 8
Equation of line having slope m and y-intercept c is given by,
y = m x + c,
Expressing the above statement in terms of linear equation in two variable i.e a line is
Y = X + 8
Answer:
(a) 0.14%
(b) 2.28%
(c) 48%
(d) 68%
(e) 34%
(f) 50%
Step-by-step explanation:
Let <em>X</em> be a random variable representing the prices paid for a particular model of HD television.
It is provided that <em>X</em> follows a normal distribution with mean, <em>μ</em> = $1600 and standard deviation, <em>σ</em> = $100.
(a)
Compute the probability of buyers who paid more than $1900 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid more than $1900 is 0.14%.
(b)
Compute the probability of buyers who paid less than $1400 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid less than $1400 is 2.28%.
(c)
Compute the probability of buyers who paid between $1400 and $1600 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid between $1400 and $1600 is 48%.
(d)
Compute the probability of buyers who paid between $1500 and $1700 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid between $1500 and $1700 is 68%.
(e)
Compute the probability of buyers who paid between $1600 and $1700 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid between $1600 and $1700 is 34%.
(f)
Compute the probability of buyers who paid between $1600 and $1900 as follows:
*Use a <em>z</em>-table.
Thus, the approximate percentage of buyers who paid between $1600 and $1900 is 50%.
Answer:
Step-by-step explanation:
Simplify the expression and you will get this.
hope this helps