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Lynna [10]
2 years ago
8

You want to have $200,000 when you retire in 25 years. If you can earn 3% interest rate compounded continuously, how much would

you need to deposit now into the account to reach your retirement goal?
Mathematics
1 answer:
mash [69]2 years ago
5 0

9514 1404 393

Answer:

  $94,473.31

Step-by-step explanation:

The multiplier in 25 years is ...

  e^(rt) = e^(0.03·25) = e^0.75 ≈ 2.117

To have an account value of $200,000 in 25 years, you need to deposit now ...

  $200,000/2.117 = $94,473.31

_____

When this amount is multiplied by 2.117, the result is 200,000.

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Suppose a factory can have no more than 200 workers on a shift
lilavasa [31]
Well from the details I have. So let's split up 200 100 100 if 100 employs work during the day for example 10:00 Am-5:00 Pm that's about 7 hours so if they get paid $10.50 (Minimum Wage) an hour we now say 10.50 every hour, so 10.50×7 hours=$73.5! Also, if it's not the correct numbers then replace the numbers with the right ones. Hope this helped!
8 0
3 years ago
Gary is studying the prevalence of regional dialects. He surveyed 351 people in a region and asked what words they used for cert
chubhunter [2.5K]

Answer:

Confidence interval = ( 0.7991, 0.8647 )

Step-by-step explanation:

Sample size = n = 351

number of successes = X = 292

Sample proportion = P = \frac{X}{n}

                                     =  \frac{292}{351}

                                     = 0.831908831

confidence interval = 90%

Critical Z value  = 1.6449   [by using excel]

Confidence interval = P ± Z \sqrt{P\frac{(1-P)}{n}}

Where P = Sample proportion

           Z = critical value

           n = sample size

Confidence interval =  0.831908831 ± 1.6449 \sqrt{0.831908831\frac{(1-0.831908831)}{351}}

                                = 0.831908831 ± 1.6449 × 0.0200

                                = 0.831908831 ± 0.032898

 Lower limit             = 0.831908831 - 0.032898 = 0.7991

Upper limit               = 0.831908831 + 0.032898 = 0.8647

Confidence interval = ( 0.7991, 0.8647 )

4 0
3 years ago
3. In determining food spending, it was found that the average meal in Albany is normally distributed, with a mean of $40 and a
Zarrin [17]

Answer:

a) P(X < 40) = 0.5

b) P(38 < X < 42) = 0.69143

c) P(X > 35) = 0.89435

d) P(X > 51) = 0.0029798

e) Find a meal cost which happen to be cheaper than 10% of the meals based on a given data. = $34.872

f) Find a meal cost which happen to be in the 5% of the most expensive based on a given data = $33.42

g) Find a meal costs which happen to be 40% symmetrically around the mean value based on a given data. = $38.988

Step-by-step explanation:

Z score formula = Z score = x - μ/σ

Mean = $40

Standard deviation = $4

a) P(X < 40)

Z score = x - μ/σ

= 40 - 40/4

= 0

Determining the Probability value from Z-Table:

P(X < 40) = 0.5

b) P(38 < X < 42)

For X = 38

Z score = x - μ/σ

= 38 - 40/4

= -0.5

Determining the Probability value from Z-Table:

P(X = 38) = 0.30854

For X = 42

Z score = x - μ/σ

= 42 - 40/4

= 4

Determining the Probability value from Z-Table:

P(x = 42) = 0.99997

Hence, P(38 < X < 42)

P(X = 42) - P(X = 38)

0.99997 - 0.30854

= 0.69143

c) P(X > 35)

Z score = x - μ/σ

= 35 - 40/4

= -1.25

Determining the Probability value from Z-Table:

P( X < 35) = 0.10565

P( X > 35) = 1 - P(X < 35)

1 - 0.10565

= 0.89435

d) P(X > 51)

Z score = x - μ/σ

= 51 - 40/4

= 2.75

Determining the Probability value from Z-Table:

P( X < 51) = 0.99702

P(X > 51) = 1 - P(X < 51)

= 1 - 0.99702

= 0.0029798

e) Find a meal cost which happen to be cheaper than 10% of the meals based on a given data.

z score for 10th percentile = -1.282

Z score formula = Z score = x - μ/σ

Mean = $40

-1.282 = x - 40/4

-1.282 × 4 = x - 40

-5.128 + 40 = x

$34.872

The meal cost which happen to be cheaper than 10% of the meals based on a given data is $34.872

f) Find a meal cost which happen to be in the 5% of the most expensive based on a given data

Z score for 5th percentile = -1.645

Z score formula = Z score = x - μ/σ

Mean = $40

-1.645 = x - 40/4

-1.645 × 4 = x - 40

-6.58 + 40 = x

$33.42

The meal cost which happen to be in the 5% of the most expensive based on a given data is $33.42

g) Find a meal costs which happen to be 40% symmetrically around the mean value based on a given data.

Z score for 40th percentile = -0.253

Z score formula = Z score = x - μ/σ

Mean = $40

-0.253 = x - 40/4

-0.253 × 4 = x - 40

-1.012 + 40 = x

$38.988

7 0
3 years ago
A machine stamps 360 metal parts in 15 minutes. Find the unit rate in parts per minute. per minute
mylen [45]
Answer: 24

step by step explanation:
divide 360 by 15
3 0
3 years ago
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