With annual compounding, the number of years for 1000 to become 1400 is 6.7 years
With continous compounding, the number of years for 1000 to become 1400 is 1.35 years
<h3>How long would it take $1000 to become $1,400?</h3>
With annual compounding, the formula that would be used is:
(In FV / PV) / r
Where:
- FV = future value
- PV = present value
- r = interest rate
(In 1400 / 1000) / 0.05 = 6.7 years
With continous compounding, the formula that would be used is:
(In 1400 / 1000) / (In e^r)
Where r = interest rate
((In 1400 / 1000) / (In e^0.05) = 1.35 years
To learn more about how to determine the number of years, please check: : brainly.com/question/21841217
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The answer is the third option which is AEF and FED, AEG and CEG
Answer:
We need to refer to the population distribution of all college statistics textbook prices.
Step-by-step explanation:
From the given information;
We are being given the sample size and the mean that has already been computed. Thus, to determine the probability of a more extreme mean, we need the t-test statistics value. In this case, we will need the sample mean, thus we need to refer to the population distribution of all college statistics textbook prices.
Answer:
$147,848.5
Step-by-step explanation:
Fixed rate =7.35%
Mortgage Loan= $685,000
Selling price=$782,000
Property tax paid= $14,578.15
Therefore,
Prorated Amount Owed= Outstanding balance on the house + Interest paid on the loan for the year
Prorated Amount Owed=(782500-685000)+7.35% of 685000
=97500+50347.5
=$147,847.5
Answer:
Subtract the discount price from the full price. Divide the amount of change by the original price.
Step-by-step explanation:
Example: Original price = $40 Sale price = $30
$40-$30= 10
10/40= 1/4
1/4 = .25 or 25%
