Answer:
$293,562.707
Step-by-step explanation:
As for the provided details we know,
Janet needs $51,500 from end of 7th year for upcoming 20 years.
The present value of 20 installments of $51,500 shall be @ 6% from year 7 to year 8.0858
Thus total value = $51,500 
8.0858 = $416,418.7
Now the compound interest factor for 6 year @ 6 % = 1.4185
Thus, value to be invested today = $416,418.70/1.4185 = $293,562.707
As this when compounded annually will provide the balance as required at the end of 6 years.
Answer:
2/3 =8/12
Step-by-step explanation:
2/3
Multiply the top and bottom by 4 to get a denominator of 12
2/3 *4/4
8/12
2/3 =8/12
By dismantling
14 = 7 • 2
21 = 7 • 3
The least common multiple is
7 • 2 • 3 = 42
Hope this helps.
The answer is c. i took this test
Answer:
The null hypothesis can't be rejected.
Step-by-step explanation:
Given information:
Null hypothesis:
H₀ : π ≤ 0.70
Alternative hypothesis:
H₁ : π > 0.70
We need to check whether the null hypothesis is rejected or accepted.
If P-value < α, then we reject the null hypothesis H₀.
If P-value ≥ α, then we accept the null hypothesis H₀.
A sample of 100 observations revealed that p = 0.75 at the 0.05 significance level.
Here 0.75>0.05, it means p > α, therefore we can not reject the null hypothesis.
