Answer:
A
Step-by-step explanation:
We have to determine the future value of the annuity to determine which account has a greater value
Future value = Amount x annuity factor
annuity factor = Annuity factor = {[(1+r)^n] - 1} / r
Account A = 300 x[ (1.042)^15 - 1 ] / 0.042 = $6097.14
Account B = 250 x[ (1.051)^15 - 1 ] / 0.051 = $5435,42
Account A will be greater
Answer:
Upper quartile: 38
Lower quartile: 19
1 out of 6 chances
Explanation: there’s 6 sides of a cube if you mark them 1-6 there only one side that you can land on that is greater then 5 which is six also if you need it in percent it’s 16.6%
