Answer:
$62,490.65
Step-by-step explanation:
If we assume her deposits are at the beginning of the month, and that the interest is compounded monthly, the future value is that of an "annuity due." The formula is ...
FV = P(1+r/n)((1+r/n)^(nt)-1)/(r/n)
where r is the APR (.0276), n is the number of yearly compoundings (12), P is the monthly payment ($280), and t is the number of years (15). Putting the numbers into the formula and doing the arithmetic, we get ...
FV = $280(1.0023)(1.0023^180 -1)/(.0023) ≈ $62,490.65
Angelica's account balance after 15 years will be $62,490.65.
_____
If her deposits are at the end of the month, the balance will be $62,347.25.
Answer:
Step-by-step explanation:
We are given the following information in the question:
Percentage of of the diners who make reservations don't show up = 3%
Number of reservations = 83
Thus, we are given a binomial distribution with n = 83 and p = 0.97
Around 81 people can be expected to show up.
The standard deviation of this distribution is 1.56
Answer:
8
Step-by-step explanation:
a A + b A where A is a matrix and a and b are scalars
( a+b) A
3+5 ![\left[\begin{array}{cc}-1&2\\4&-5\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcc%7D-1%262%5C%5C4%26-5%5Cend%7Barray%7D%5Cright%5D)
= 8
Answer:
5
Step-by-step explanation
becasue 2x0=0 and 1x0=0
and when you add 5 to 0 you get five
