Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
V=BH/3
V=(4)(6)/3
V=(24)/3
V=8
1.) 52:97.5
2.) 1:1.875
Hope this helps!
Answer: z score = 0.00714
Step-by-step explanation: the value of test statistics is gotten using the standard normal distribution table.
Z= 2.45 has area to the left (z<2.45) and area to the right (z>2.45).
Level of significance α is the probability of committing a type 1 error. The area under the distribution is known as the rejection region and it is the area towards the right of the distribution.
The table I'm using is towards the left of the distribution.
But z>2.45 + z<2.45 = 1
z> 2.45 = 1 - z<2.45
But z < 2.45 = 0.99286
z > 2.45 = 1 - 0.99286
z >2.45 = 0.00714
Hence the test statistics that would produce the least type 1 error is 0.00714
