The monthly interest rate is 6%/12 = 0.5%. The interest earned each month is
0.005*$500,000 = $2500
You can withdraw $2500 each month without disturbing the principal amount.
Answer:
Step-by-step explanation:
1)3.14.16
2)78.54
3)12.57
4)346.36
5)72.38
6)i don't know sorry but this is better than no answer
Answer:
0.9999
Step-by-step explanation:
Let X be the random variable that measures the time that a switch will survive.
If X has an exponential distribution with an average life β=44, then the probability that a switch will survive less than n years is given by
So, the probability that a switch fails in the first year is
Now we have 100 of these switches installed in different systems, and let Y be the random variable that measures the the probability that exactly k switches will fail in the first year.
Y can be modeled with a binomial distribution where the probability of “success” (failure of a switch) equals 0.0225 and
where
equals combinations of 100 taken k at a time.
The probability that at most 15 fail during the first year is
Answer: multiply by 3
Step-by-step explanation:
I know this because the relation ship applies to all of the number, for example 3 x 3 = 9 and so on.