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I am Lyosha [343]

3 years ago

8

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannu

ally for 6 years. What will the annuity be worth after 6 years?

1 answer:

yaroslaw [1]3 years ago

5 0

Answer:

$3240

Step-by-step explanation:

hope it is well understood

You might be interested in

Suppose that 80 percent of all statisticians are shy, whereas only 15 percent of all economists are shy. Suppose also that 90 pe

Anna71 [15]

Answer:

37.21% probability that the person is a statistician.

Step-by-step explanation:

We have these following probabilities:

An 80% probability that a statistican is shy.

A 15% probability that an economist is shy.

At the gathering, a 90% probability that a person is an economist.

At the gathering, a 10% probability that a person is a statistican.

If you meet a shy person at random at the gathering. What is the probability that the person is a statistician?

This can be formulated as the following question:

What is the probability of B happening, knowing that A has happened.

It can be calculated by the following formula

$P = \frac{P(B).P(A/B)}{P(A)}$

Where P(B) is the probability of B happening, P(A/B) is the probability of A happening knowing that B happened and P(A) is the probability of A happening.

So

What is the probability that the person is a statistican, given that he is shy?

P(B) is the probability of the person being a statistican. So P(B) = 0.1.

P(A/B) is the probability of a statistican being shy, so P(A/B) = 0.8.

P(A) is the probability of a person being a shy. This is 15% of 90%(economists) and 80% of 10%(statisticans). So

$P(A) = 0.15*0.9 + 0.8*0.1 = 0.215$

Finally

$P = \frac{P(B).P(A/B)}{P(A)}$

$P = \frac{0.1*0.8}{0.215} = 0.3721$

37.21% probability that the person is a statistician.

3 0

3 years ago

0.007 is 1/10 of what?

solong [7]

Answer:

0.007 × 10 = 0.07

Step-by-step explanation:

cant do step by step

4 0

3 years ago

Read 2 more answers

Kevin is 333 years older than Daniel. Two years ago, Kevin was 444 times as old as Daniel.

tia_tia [17]

Answer: the equations are

k = d + 33

k - 2 = 4(d-2)

Step-by-step explanation:

Let the present age of Kevin be represented by k

Let the present age of Daniel be represented by d

Kevin is 33 years older than Daniel. This means that the expression for their current age is

k = d + 33

Two years ago, Kevin was 4 times as old as Daniel. This means that 2 will be subtracted from their present ages to depict two years ago. Therefore, Two years ago for Daniel will be d-2

Two years ago for Kevin will be k - 2

Remember that Kevin was 4 times as old as Daniel two years ago, it becomes

k - 2 = 4(d-2)

5 0

3 years ago

Read 2 more answers

If MO = 7x - 4, and NO = 6x, what is the length of line MN?

Gennadij [26K]

Answer:

13x-4

Step-by-step explanation:

8 0

3 years ago

Now imagine that instead of walking along the path 1→2→3→4→1, ann walks 80 meters on a straight line 33∘ north of east starting

stealth61 [152]

Answer:

Anna's walk as a vector representation is $80\cos 33^{\circ}\hat{i}+80 \sin33^{\circ}\hat{j}$ and refer attachment.

Step-by-step explanation:

Let the origin be the point 1 from where Ann start walking.

Ann walks 80 meters on a straight line 33° north of the east starting at point 1 as shown in figure below,

Resolving into the vectors, the vertical component will be 80Sin33° and Horizontal component will be 80Cos33° as shown in figure (2)

Ann walk as a vector representation is $80\cos 33^{\circ}\hat{i}+80 \sin33^{\circ}\hat{j}$

Thus, Anna's walk as a vector representation is $80\cos 33^{\circ}\hat{i}+80 \sin33^{\circ}\hat{j}$

7 0

3 years ago

Read 2 more answers