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2 years ago

15

Carter invested $3,900 in an account paying an interest rate of 3. 9% compounded daily. Assuming no deposits or withdrawals are

made, how much money, to the nearest hundred dollars, would be in the account after 5 years?

1 answer:

denis23 [38]2 years ago

6 0

$822.18 is how much earned interest so add $3,900 and you get $4,722.18

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3 years ago

Riley is a 50% partner in the RF Partnership and has an outside basis of $56,000 at the end of the year prior to any distributio

Savatey [412]

Answer:

The land basis will be $8,000 and partnership basis will be $42,000.

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2 years ago

An investment has an expected return of 11 percent per year with a standard deviation of 26 percent. Assuming that the returns o

Keith_Richards [23]

Answer:

$P(X$

And we can find this probability using the normal standard distribution table or excel and we got:

$P(Z$

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

Let X the random variable that represent the expected return, and for this case we know the distribution for X is given by:

$X \sim N(11,26)$

Where $\mu=11$ and $\sigma=26$

We are interested on this probability

$P(X$

And the best way to solve this problem is using the normal standard distribution and the z score given by:

$z=\frac{x-\mu}{\sigma}$

If we apply this formula to our probability we got this:

$P(X$

And we can find this probability using the normal standard distribution table or excel and we got:

$P(Z$

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2 years ago