Try this solution:
1. for probability of both televisions work:
2. for probability of at least on is defective (it means, the sum = one is defective and two are defective):
- for P(1defective);
- for P(2defective);
totaly for at least one is defective:
Answer:
Present value = $4,122.4
Accumulated amount = $4,742
Step-by-step explanation:
Data provided in the question:
Amount at the Start of money flow = $1,000
Increase in amount is exponentially at the rate of 5% per year
Time = 4 years
Interest rate = 3.5% compounded continuously
Now,
Accumulated Value of the money flow =
The present value of the money flow =
=
=
=
= 1000 × [70.7891 - 66.6667]
= $4,122.4
Accumulated interest =
=
= $4,742