4 pts
1 answer:
9514 1404 393
Answer:
- =FV(4.5%/12,30*12,-150,0)
- $113,907.92
- $54,000
- $59,907.92
Step-by-step explanation:
We have used the formula shown in Go.ogle Sheets to give the results shown. (We presume Excel has a similar function.)
The result is that the future value of the investment is $113,907.92.
The amount deposited is ($150/mo)(12 mo/yr)(30 yr) = $54,000.
The interest earned is the difference: $113,907.92 -54,000 = $59,907.92.
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Answer:
0.999
Step-by-step explanation:
At least 1 correct means, 1 correct, 2 correct, 3 correct ... until 10 correct. That would be a long process to calculate.
<em>Instead we use the complement rule to calculate.</em>
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<em>So we need to find P(x<1). So this is getting 0 answers correct, or 10 incorrect.</em>
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In true false question, probablity of correct is 1/2 and incorrect is 1/2, hence,
Probability of 10 incorrect is (1/2)^10
Thus,
So the answer is 0.999 (rounded to nearest thousandth)