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2 answers:
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The general Formula for a decreasing Annuity is:
For this example we have:
P = 78,000
n = 7*4 = 28
i = 8%/4 = 2% = 0.02
After substituting you can find value for R, rent.
For this example we have:
P = 78,000
n = 7*4 = 28
i = 8%/4 = 2% = 0.02
After substituting you can find value for R, rent.
Answer:
95% confidence interval: (2.784,3.176)
Step-by-step explanation:
We are given the following information in the question:
Sample size, n = 25
Sample mean = $2.98
Standard error = $0.10
Alpha = 0.05
95% confidence interval:
Putting the values, we get,