The formula of the future value of annuity ordinary is
Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT payment 6200
r interest rate 0.06
K compounded semiannual 2
N time 5 years
Fv=6,200×(((1+0.06÷2)^(2×5)) ÷(0.06÷2))=277,742.72
Hope it helps
The answer is 300,000 because you have to round the bigger number that is 2 and don't forget to go next door and round 7 and that tell if it going up one more. We round 277,300 7 is more so add one more to the 2 and that is 300,000.
Answer: The value of c would be 26.514 lb.
Step-by-step explanation:
Since we have given that
Mean = 17 lb
Standard deviation = 3.3 lb
At 99% level of significance, z = 2.58
So, it becomes,
So, the weight c would be
Hence, the value of c would be 26.514 lb.
Answer:
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Step-by-step explanation:
