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2 years ago

1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.

1 answer:

7 0

The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.

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3 years ago

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3 years ago

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The age of cars in the staff parking lot of a suburban college is uniformly distributed from six months (0.5 years) to 9.5 years

Nikolay [14]

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3 years ago

Linda deposits $90,000 into an account that pays 6% interest per year, compounded annually.

Allisa [31]

Answer: Linda earns more interest

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Linda: 90000 x 1.06^3 -90000 = 17191.44

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2 years ago

A college basketball coach has 12 players on his team. eight players are receiving scholarships, and four are not. the coach dec

EleoNora [17]

Solution: The given problem is a binomial distribution.

The probability that a team member receives a scholarship is $\frac{8}{12} = 0.67$

Therefore, the given problem follows binomial with n = 5 and p = 0.6667

Now the probability that 4 of 5 players selected are on scholarship is:

$P(x=4) = \binom{5}{4} \times 0.6667^{4} (1-0.6667)^{5-4}$

$=5 \times 0.1976 \times 0.3333$

$=0.329$

Therefore, the probability that 4 of 5 players selected are on scholarship is 0.329

5 0

3 years ago

1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.​

1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.