Answer:
<h2>
$31,745</h2>
Step-by-step explanation:
Compound continuously:
FVn = PV x e^rn
where
PV = $20,000
r = 3.85%
n = 12 years
plugin values into the formula:
FV₁₂ = $20,000 x e ⁰°⁰³⁸⁵ ⁽¹²⁾
FV₁₂ = $31,745
Answer:
3.4-1.85 = 1.55 3.4+1.55=4.95
Step-by-step explanation:
Answer: If the level of confidence is increased without changing the sample size then<em> </em><u><em>The margin of error will decrease because the critical value will decrease. The decreased margin of error will cause the confidence interval to be narrower.</em></u>
where;
<em>Margin of error = Critical value × Standard deviation</em>
<em>Here, it can be duly noted that Margin of error has a positive relation with critical value, i.e </em><u><em>The margin of error will decrease because the critical value will decrease.</em></u>
<u><em>whereas;</em></u>
The confidence interval is <em>the value ± the margin of error.</em>
<em>Therefore, </em><u><em>the decreased margin of error will cause the confidence interval to be narrower.</em></u>
Answer:
15
Step-by-step explanation:
To get 10 percent, you divide by 10.
150 divided by 10 equals 15.
