Answer:
if the annual interest rate is 7%, then you need to invest:
present value = future value / (1 + i)ⁿ
- future value = $2,200,000
- i = 7%
- n = 28 years
present value = $2,200,000 / (1 + 7%)²⁸ = $330,884.87
if the interest rate is 15%, the you need to deposit a smaller amount:
present value = future value / (1 + i)ⁿ
- future value = $2,200,000
- i = 15%
- n = 28 years
present value = $2,200,000 / (1 + 15%)²⁸ = $43,942.34
Answer:
3
Step-by-step explanation:
Answer: The 95% confidence interval for the mean of x is (94.08, 101.92) .
Step-by-step explanation:
We are given that ,
A random variable x has a Normal distribution with an unknown mean and a standard deviation of 12.
i.e. 
Also, it is given that , Sample mean
having sample size : n= 36
For 95% confidence ,
Significance level : 
By using the z-value table , the two-tailed critical value for 95% Confidence interval :

We know that the confidence interval for unknown population mean
is given by :-

, where
= Sample mean
= Population standard deviation
= Critical z-value.
Substitute all the given values, then the required confidence interval will be :




Therefore, the 95% confidence interval for the mean of x is (94.08, 101.92) .
Answer:
P(blue) = 3/7
So '7' belongs in the box
Step-by-step explanation:
There are 14 total marbles, 6 of which are blue. The probability of pulling a blue marble out of the bag is
P(blue) = 6/14, which reduces to 3/7
Answer = C because 5-4 and 5/6 - 3/6 = 1 and 2/6