Answer:
5
Step-by-step explanation:
Answer:
0.3277 = 32.77%
Step-by-step explanation:
If we want the probability for Sasha being late after the fifth day, we need that in the first five days she is not late, which has a probability of 1 - 0.2 = 0.8
So, multiplying the probability for each day, we have that:
P = 0.8 * 0.8 * 0.8 * 0.8 * 0.8 = 0.3277 = 32.77%
So we have a probability of 32.77% that Sasha's first delay will occur after the fifth day.
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer + Step-by-step explanation:
Check the illustration that I provided .