Since he is investing the same amount monthly, we have to apply annuity formula. And it is planned for the future. So that, we'll apply future value annuity formula. The formula is
![FV=A[ \frac{(1+ \frac{r}{s})^{Ns} -1 }{r} ]](https://tex.z-dn.net/?f=FV%3DA%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7Br%7D%7Bs%7D%29%5E%7BNs%7D%20-1%20%7D%7Br%7D%20%5D)
, where A is the monthly payment, r is the percentage rate, s is 12 (monthly compound) and N is the time, which is 30. Plugging the numbers into the formula, we write that
![FV=155[ \frac{(1+ \frac{0.037}{12} )^{12*30} - 1 }{0.037} ]](https://tex.z-dn.net/?f=FV%3D155%5B%20%5Cfrac%7B%281%2B%20%5Cfrac%7B0.037%7D%7B12%7D%20%29%5E%7B12%2A30%7D%20-%201%20%7D%7B0.037%7D%20%20%5D)
= $8485.450857
Answer:
82 in^3
Step-by-step explanation:
3 x 2 x 7 + 2 x 2 x 10 = 82 in^3
Answer:
x = 7
Step-by-step explanation:
See the attached photo
Answer:
An null hypothesis is one that states there is no statistically significant relationship between two variables or a position that states something is not happening
An alternative hypothesis is one that states there is a statistically significant relationship between two variables or a position that states something is happening.
(a)
μ = 3800
μ > 3800
(b)
μ = 3800
μ < 3800
Metallic ribbon: 16$ for 4ft
Dividing both sides by four, we get:
1 feet -- 4 dollars
White ribbon 3$ for 1 feet
1 feet -- 3 dollars
<h2><u><em>
Therefore, the Metallic ribbon costs more per feet.</em></u></h2>