Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;

Therefore, it will take 88.2 months to accumulate the amount.
Answer:
6*$10= $60
4*$10=$40
60+40= $100
$100
Step-by-step explanation:
Answer:
a = 7, b = 
Step-by-step explanation:
Using the sine ratio in the left right triangle and the exact value
sin45° =
, then
sin45° =
=
=
( cross- multiply )
a ×
= 7
( divide both sides by
)
a = 7
--------------------------------------------------------
Using the tangent ratio in the right triangle on the right and the exact value
tan60° =
, then
tan60° =
=
=
=
( multiply both sides by b )
b ×
= 7 ( divide both sides by
)
b =
×
= 
As described in z-distribution the answers are given below:
a) The 95% confidence interval estimate for the population mean spending by a customer on visiting salon per month is given as follows: (747, 853).
b) The sampling error at 95% confidence level is of: $35.78.
What is a z-distribution ?
The normal distribution with a mean of 0 and a standard deviation of 1 is referred to as the standard normal distribution (also known as the Z distribution) (the green curves in the plots to the right). It is frequently referred to as the bell curve since the probability density graph resembles a bell.
solution:
The bounds of the confidence interval are given as follows:
In which:
is the sample mean.
z is the critical value.
n is the sample size. is the standard deviation for the population.
The parameters for this problem are given as follows:
Hence the lower bound of the interval is of:
800 - 200 x 1.96/square root of 55 = 747.
The upper bound of the interval is of:
800 + 200 x 1.96/square root of 55 = 853.
The sampling error for a sample size of 120 is calculated as follows:
200 x 1.96/square root of 120 = $35.78.
To learn more about the z-distribution from the given link
brainly.com/question/4079902
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