Someone please help me with this question
1 answer:
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The formula required is:
where A is the amount after t years of the principal P invested at an annual interest rate r (expressed as a decimal fraction) compounded n times per year.
Plugging in the given values, we get:
The final amount is $22,096.17
where A is the amount after t years of the principal P invested at an annual interest rate r (expressed as a decimal fraction) compounded n times per year.
Plugging in the given values, we get:
The final amount is $22,096.17
The area to the right of z = 1.35 is 0.0885 and the area to the left of -0.47 is 0.3192.
<h3>How to compute the values?.</h3>Given z = 1.35
= 1- P(z < 1.35)
= 1- 0.9115
= 0.0885
The area to the left of -0.47 will be:
= 1 - P(z < 0.47)
= 1 - 0.6808
= 0.3192
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