Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Scientific notation is a system for expressing very large or very small numbers in a compact manner. It uses the idea that such numbers can be rewritten as a simple number multiplied by 10 raised to a certain exponent, or power.
is the same as
. The 4s will cancel leaving you with
or
, your 3rd option.
We want to find
, where
is a binomial distribution with
and
. So
The answer is Internal Validity.
Internal Validity is high in an experiment. when it demonstrates persuasively that changes in behavior are caused by the independent variable and not by unknown factors.
What is Internal Validity?
- Internal validity is defined as the degree to which the observed results represent the truth in the population under investigation and are not the consequence of methodological flaws.
- Internal validity is the degree of certainty that the causal link being examined is reliable and unaffected by other factors or variables.
- The extent to which study results may be extended (generalized) to other contexts, groups, or events is referred to as external validity.
To learn more about Internal Validity visit:
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