The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
Answer:
Step-by-step explanation:
x^2
--------------------------------------------------
2x + 1 / 2x^3 - x^2 + x + 1
2x^3 + x^2
-----------------------
0 + x + 1
x + 1
The quotient is x^2 + ------------
2x + 1
Answer:
below
Step-by-step explanation:
that is the procedure above
Firstly, solve the effective annual interest (ieff) with the equation,
ieff = (1 + i/m)^m -1
where i is the interest rate and m is the number of times the interest is compounded in a year. In this problem, m is 12
Substituting the values,
ieff = (1 + 0.034/12)^12 - 1 =0.03453
To solve for the future (F) amount of the present investment (P),
F = P x (1 + ieff)^n
where n is number of years.
F = ($742) x (1 + 0.03453)^15
Thus, the answer is $1234.76.
Answer:
- 3
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
y = - 3x + 9 ← is in slope- intercept form
with slope m = - 3
Parallel lines have equal slopes, thus
y = - 3x + 4 ← is the equation of a parallel line
