Answer:
No
Step-by-step explanation: They are not because different banks have different interest rates on accounts, different fees and more
Answer:
Option "D" is the correct answer to the following question.
Step-by-step explanation:
Given:
Return on U.S.Treasury bills = 4%
Potential return on stock investment = 10%
Find:
Additional risk of investing in the stock (Risk premium) = ?
Computation:
⇒ Additional risk of investing in the stock (Risk premium) = Potential return on stock investment - Return on U.S.Treasury bills
⇒ Additional risk of investing in the stock (Risk premium) = 10% - 4%
⇒ Additional risk of investing in the stock (Risk premium) = 6%
Answer:
x = 8
Step-by-step explanation:
Step 1: Write an equation
2x - 9 = 7
Step 2: Use the Addition Property of Equality
2x = 16
Step 3: Use the Division Property of Equality
x = 8
27.034%
Let's define the function P(x) for the probability of getting a parking space exactly x times over a 9 month period. it would be:
P(x) = (0.3^x)(0.7^(9-x))*9!/(x!(9-x)!)
Let me explain the above. The raising of (0.3^x)(0.7^(9-x)) is the probability of getting exactly x successes and 9-x failures. Then we shuffle them in the 9! possible arrangements. But since we can't tell the differences between successes, we divide by the x! different ways of arranging the successes. And since we can't distinguish between the different failures, we divide by the (9-x)! different ways of arranging those failures as well. So P(4) = 0.171532242 meaning that there's a 17.153% chance of getting a parking space exactly 4 times.
Now all we need to do is calculate the sum of P(x) for x ranging from 4 to 9.
So
P(4) = 0.171532242
P(5) = 0.073513818
P(6) = 0.021003948
P(7) = 0.003857868
P(8) = 0.000413343
P(9) = 0.000019683
And
0.171532242 + 0.073513818 + 0.021003948 + 0.003857868 + 0.000413343
+ 0.000019683 = 0.270340902
So the probability of getting a parking space at least four out of the nine months is 27.034%
Answer: On each, first identify as a Future Value annuity or Present Value annuity. Then answer the question. 1) How much money must you deposit now at 6% interest compounded quarterly in order to be able to withdraw $3,000 at the end of each quarter year for two years?
Step-by-step explanation: hope this helps
