Answer:
Semi-annually: A = $24 178.51
Quarterly: A = $24 205.73
Monthly: A = $24 224.13
Step-by-step explanation:
The formula for compound interest is
A = P(1 + r)ⁿ
A. Compounded semi-annually
Data:
P = $20 000
APR = 4.8 %
t = 4 yr
Calculations:
n = 4 × 2 = 8
r = 0.048/2 = 0.024
A = 20 000(1+ 0.024)⁸
= 20 000 × 1.024⁸
= 20 000 × 1.208 926
= $24 178.51
B. Compounded Quarterly
n = 4 × 4 = 16
r = 0.048/4 = 0.012
A = 20 000(1+ 0.012)¹⁶
= 20 000 × 1.012¹⁶
= 20 000 × 1.210 286
= $24 205.73
C. Compounded monthly
n = 4 × 12 = 48
r = 0.048/12 = 0.004
A = 20 000(1+ 0.004)⁴⁸
= 20 000 × 1.004⁴⁸
= 20 000 × 1.211 207
= $24 224.13
Answer: 0.4667
Step-by-step explanation:
According to 68–95–99.7 rule , About 99.7% of all data values lies with in 3 standard deviations from population mean (
).
Here , margin of error = 3s , where s is standard deviation.
As per given , we have want our sample mean 
to estimate μ μ with an error of no more than 1.4 point in either direction.
If 99.7% of all samples give an within 1.4 , it means that
Divide boths ides by 3 , we get
Hence, So must have 0.4667 as standard deviation so that 99.7 % 99.7% of all samples give an within 1.4 point of μ .
Sry if i’m wrong but i’m pretty sure he can spend $200 since you alr take out 30.
