The effective annual interest rate is:
i = (1 + 0.064/12)^12 - 1 = 0.066
In year 1: the interest is $613.80 (multiple $9300 by 0.066)
In year 2: the interest is $654.31 (add interest from year 1 to $9300 and multiply by 0.066)
In year 3: the interest is $656.98 (do the same as year 2)
In year 4: the interest is $657.16
The total interest is: $2582.25
The present worth of this amount is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72
The answer is $1999.72.
Total number of possible outcomes = 36
Total number of outcomes with a sum of 12 = 1
{6,6)
Total number of outcomes with a sum of 3 = 2
{1,2}{2,1}
P(12 first, then 3) = (1/36)(2/36) = 1/648
Answer: The probability is 1/648
If you want it simplified -6k+5, if you need the answer lmk
Answer:
The sum of 5x and 2xis at least 14 as an inequality is: 5x +2x < 14
The product of x and y is less than 4 as an inequality is: x * y < 4
Step-by-step explanation:
