Three friends go out for pizza. A slice costs $3.75 a soda costs $2.25. If they each get a soda and a total of 8 slices, how muc
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Answer:
The amount received after 5 years is 1827.39
Step-by-step explanation:
The amount received by Bridget from his grandfather as the birthday gift = 1400 .
Since he wants to deposit it and save for college, he earns interest rate = 5.4%
He deposited this money for the years = 5 years.
Here, the Present value (PV) is = 1400
Interest rate ( r ) = 5.4% or 0.054
Since the interest rate is compounded semi annually, So, n = 10
Now if we calculate the future value of 1400 with interest rate 5.4 percent:
Therefore, 1827.39 will be the total money in his account after five years.
Answer:
The probability that exactly two of the four live in their own household and are income-qualified is = .0975
Step-by-step explanation:
Given -
Approximately 85% of persons age 70 to 84 live in their own household and are income-qualified for home purchases.
Probability of sucess ( p ) = 85% =.85
Probability of failure ( q ) = 1 - .85 =.15
n = 4
From combination of n events taking r sucess we use binomial distribution
where , r = 2
the probability that exactly two of the four live in their own household and are income-qualified is =
=
=
= .0975