Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.
For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253
For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913
Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)
Answer: D. A single number calculated from the sample that estimates a target population parameter is called a point estimator.
An interval estimator is a range of numbers that contain the target parameter with a high degree of confidence.
Step-by-step explanation:
When we evaluate an range of values for an unknown population parameter, then it is known as interval estimation .
A single number evaluated from the SAMPLE that estimates an unknown population parameter is known as a point estimator.
The general difference between point and interval estimator is the point estimator is a single value of target parameter while interval estimator is a range of numbers to estimate the values about the unknown population.
Um I think the answer is 3
Answer:
6
Step-by-step explanation:
100/18=5 1/2
18*6=108
