Based on the amount that Nader can pay per month, and the interest rate as well as the period, the amount he could spend if the rate was annual is $8,385.33.
<h3 /><h3>How much could Nader spend on the car?</h3>
If Nader can pay $280 per month, the amount he can pay per year i:
= 280 x 12
= $3,360
The amount that he can spend on the car is the present value of these yearly payments:
= 3,360 x (1 - (1 + 9.8%)⁻³) / 9.8%
= 3,360 x 2.49563439768461
= $8,385.33
Find out more on the present value of periodic payments at brainly.com/question/17244776.
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Answer:
The expected profit is $10,600.
Step-by-step explanation:
The expected profit can be calculated as the sum of the possible outcomes weighted by their probability of occurrence.
In this case, there are four possible outcomes:
1) The horse win both races. The value of the horse will be $100k-$20k=$80k.
The probability of this outcome is:
2) The horse win the first race, but lose the second one. The value will be $50k-$20k=$30k.
The probability is:
3) The horse lose the first race, but win the second one. The value will be $50k-$20k=$30k.
The probability is:
4) The horse lose both races. The value will be $10k-$20k=-$10k.
The probability is:
Then, the expected profit can be calculated as:
Answer:
C
Step-by-step explanation:
min and max are correctly the same for all 4 answers.
we have 10 data points, so, the median is the mean value between the 2 middle numbers, 19 and 22 : 20.5.
ah, it can be only C or D.
Q1 is the median of the lower half of data points (13 out of 11, 12, 13, 17, 19). and Q3 is the median of the upper half of data points (29 out of 22, 24, 29, 33, 38).
so, C is correct.
Percent = part/whole
It wants you to find the % of change so it's 3.25 / 3.75
And that comes out to be 0.86 (with the 6 repeating)
So you move the decimal over 2 places to find the percent.
And then it's 1 - Ans
The answer is 13.33%
