3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will he have after 8 years?

Q: Tom wants to have $6,000 in three years. At 4.75% interest compounded monthly, how much does he need…

A:

Q: A company needs $7,000,000 in 10 years in order to expand their factory. How much should the company…

A:

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given data,   Here p is amount invested. This quantity is to be found. t is number of years. Here…

Q: 6. How much more money would you have by investing $100,000 for 1 year into an account paying 4.2%…

A:

Q: /2. Jimmy invests $4,000 in an account that pays 2% annual interest, compounded semi-annually. What…

A: 2. The principal amount, P = $4000 Rate of interest, r=2%=0.02 The number of times the interest…

Q: If you have $5000,00 to invest a rate of 3.5% compounded monthly, how long would it take to save…

A: Given investment(P) = $5,000.00 interest rate(r) = 3.5% per annum Final amount(A) = $15,000.00 The…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A: Given: The total cost of four-year private education is estimated to be $50,000. The rate of the…

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: How much should Rebecca have in a savings account that is earning 3.50% compounded semi-annually, if…

A:

Q: Oliver is going to invest $2,500 and leave it in an account for 18 years. Assuming the interest is…

A:

Q: 31. How long will an account worth $2.2 million provide $10,000 at the end of each month, if money…

A:

Q: 3. If interest is compounded quarterly, how much will P100,000 be at the end of one year at 12%?

A:

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: If $30,000.00 is invested 6 1/4%(six and one fourth percent) compounded quarterly for 8 years, how…

A: Given,            P = $30,000.00  ; r = 614%=254%=0.0625 and time = 8 years

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

A:

Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

A:

Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

A:

Q: 2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5% compounded…

A: Let's find account balance after six years.

Q: Liz wants to accumulate at least $40,000 by depositing $900 at the end of each month into a fund…

A: As the interest rate is compounded monthly:   Part (a):   Future value for the annuity is computed…

Q: s) How much should be invested now so that in 10 years there will be $7,000 in an punt that offer a…

A:

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A:

Q: 7. Catherine has invested $25,000 in an account that pays 8.4% compounded monthly. How long will it…

A: Principal (P)= $25000 Rate of interest (r)= 8.4%= 0.084 n=12 (since compounded monthly) Let time be…

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

A:

Q: Peyton is going to invest $310 and leave it in an account for 16 years. Assuming the interest is…

A: Principal amount:  P = $ 310 Total time period is: t = 16 years Interest is compounded quarterly.…

Q: The cost of a four-year private college education (after financial aid) has been estimated to be…

A:

Q: If you invest $10,400 at an interest rate of 2.5% compounded monthly, when will your investment be…

A:

Q: What will the final amount be in 1 1/2 year if P8,000 is invested at 9.2% compounded monthly.?

A: Given that : Principle = $8000 Rate = 9.2 % per year = 9.2% / 12 per month Time = 1 (1/2) year = 18…

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

A:

Q: 26. If $100 was invested for 50 years. (a) How much will you have at the end of 50 years if invested…

A: a). Given,

Q: How much money should John invest today into a fund that earns interest at 3.50% compounded…

A:

Q: If John invests $2300 in a savings account witha 6% interest rate compounded annually, how long will…

A: To find the no of years

Q: What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was…

A:

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

A:

Q: How much must a person put into the bank today if he wants $50,000 in 5 years at 6% compounded…

A: Sol

Q: 7. How much interest do you earn by investing $375,500 for six months into an account paying 4.0%…

A: Given, P= $375500 t= 6 months= 0.5 years r= 4%= 0.04 Compounded monthly  Therefore,  n= 12

Q: A family wants to have a $180,000 college fund for their children at the end of 18 years. What…

A:

Q: If you have $5000.00 to invest at a rate of 3.5% compounded monthly, how long would it take to save…

A: The savings obtained by investing an amount P at an interest rate of r % (compounded monthly) for t…

Q: How much should be deposited now in order to have $45,000 in 8 years, if the account earns 6.57%…

A:

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

Q: How much should Shane have in a savings account that is earning 2.50% compounded monthly, if she…

A: Given information Regular withdraw d=$1,900 Interest rate r=2.50% ⇒r=2.50100=0.025 Number of…

Q: Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is…

A: A=$16500 P=$8200 t=10 years n=12 (compounded monthly) We have to found intrest rate

Q: 2. Amy invested $5,600 in a five year CD that pays eight percent compounded quarterly. What is the…

A: Compound Interest formula,A= P1+rnntWhere,A= future value or final amountP = investment or initial…

Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A: Compound interest formula:

Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

A:

Q: If saving account awards interest of 3 percent per year compounded semiannually, what amount must…

A: In case of interest compoundedly semiannual Rate = annual rate/2 Time = 2* annual time Hence rate=…

Q: Madison invested $3,300 in an account paying an interest rate of 6.7% compounded daily. Assuming no…

A: The given data is: Medison invested P=$3300 Rate of interest R=6.7% Time t=5 years To find the…

Q: If you were to invest $400 at 3% interest compounded annually or each year, what would be your…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.