Help me I'm in jeproady
1 answer:
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Answer:
$46,141.71
Step-by-step explanation:
This looks about right, based on weekly deposits for the duration. However, I cannot vouch for it entirely, as the number of weekly deposits in 15 years will actually be 782.
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Computing this by hand doing the initial balance separately from the weekly deposits, I get a total of $46,252.10 using 782 weekly deposits. For that purpose, I tried to figure an equivalent weekly interest rate given monthly compounding and the fact there are 52 5/28 weeks in a year on average.
I suspect the only way to get this to the cent would be to build a spreadsheet with payment dates and interest computation/payment dates. Some months, there would be 5 deposits between interest computations; some years there would be 53 deposits.
<u>Answer:</u>
The Ranking Percentile is (B) 97.5%
<u>Explanation :</u>
To find the percentile rank we need to find the z- score. After finding the z-score match this value with the corresponding value in z-score table.
Formula to find the z-score
Z-score=
Substituting the values in the above equation, we find
Z-score= =2
So, the Z-score is +2
Now, the corresponding value of Z-score 2 in the table is 0.9772
or the percentile score is 97.72 ~ 97.5 .