The amount of Tina money can be expressed in an exponent function like this:
an= $1100(1.0725)^n
The variable an represent the total money and variable n is the years needed to achieve that amount.
Then, the time needed for the money to reach $6,600 would be:
an= $1100(1.0725)^n
$6,600= $1100(1.0725)^n
$1,100(6)= $1100(1.0725)^n
6= (1.0725)^n
n= log1.075 6
n= 24.78
Complete question is attached;
Answer:
Option D: 0.3069
Step-by-step explanation:
Formula for coefficient of variation on the company's stock is;
CV = σ/E(r)
Where σ is the standard deviation and E(r) is expected value of return.
From the attached image, we can find E(r) as;
E(r) = 0.45(25) + 0.5(15) + 0.05(5)
E(r) = 19%
From online calculation, the standard deviation is 5.83%
Thus;
CV = 5.831/19
CV ≈ 0.3069
He pays 119.93$ but including tax he pays 128.92$ With the tax being 8.99$
Answer:
C.
Step-by-step explanation:
3 times 2 is 6, 2 times 5 is 10, 5 times 3 is 15. However you need 2 for each since there are 3 sets of two equal faces. So it will be 6+6+10+10+15+15