Answer:
He would have $111,050.77 in the IRA.
Step-by-step explanation:
<u>What we know</u>:
The PMT is $1000
Rate of Interest (i in the formula) is 6.4% or 0.064 in decimal form
Number of periods (n) is 12
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<u>Equation (Future Value Formula)</u>:
FV = PMT ( (1+i)^n -1) / i)
= 1000 ( (1+0.064)^12 -1) / 0.064)
FV = 17,269.22 (rounded)
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A stands for amount
T stands for time period which is 30
<u>Finding IRA</u>:
A = FV (1+i)^t
= 17,269.22 (1+0.064)^30
= $111,050.77
The answer I think should be 0.2, and I just used my calculator so I dont really know how to explain how to do it. I dont know FOR SURE if that answer is right tho.
The probability is 8.7%.
To find P(X<2), we find P(X = 1 or X = 0). For a binomial distribution, we use the formula
For this problem, p=0.6 and n=5:
The beads will make the necklace feel structured so i think 4 beads
Answer:
John ate 20% of the cookies
Step-by-step explanation:
