How much is $1000 worth at the end of 2 years, if the interest rate of 5% is compounded daily? $1127.49 O $1182.43 $1083.27 O $1105.16 $1060.00 O $1183.54

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: If the nominal interest rate is 14.5% per year compounded weekly, the effective annual interest…

A:

Q: For 16 years, Janet saved $250 at the beginning of every month in a fund that earned 5.75%…

A:

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: If $11,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A:

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

A: An investment account pays 8.5% compounded monthly. You need to have $3 million dollars when you…

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

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

A:

Q: An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner…

A:

Q: If $28,000 is invested in an account for 25 years. Calculate the total interest earned at the end of…

A:

Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

A:

Q: If you deposit $300 each quarter into an account earning 3.2% compounded quarterly, how many years…

A: The future value (FV) of an annuity A with interest rate per period of r, over n periods is given…

Q: If $15,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A:

Q: Sumi Kato's savings account has a balance of $1,596. After 21 years what will the amount of interest…

A:

Q: If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is being…

A: Given:- If you have $40,000 in a bank account that is paying an interest rate of 6 percent that is…

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

A:

Q: Knowing he has cancer, Dier has created a fund to provide an annual scholarship to his children of…

A: we have given the type of ''increasing annuity'. Now, According to given information: Annual…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A:

Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

A:

Q: How much interest is earned in 5 years on P50,000 deposited in a bank paying 3% interest per annum,…

A:

Q: If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded…

A: Total number of periods is 100. Therefore answer b is correct.

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

Q: How much is P1,200 worth at the end of 1 year if the interest rate of 5.5% is compounded quarterly?…

A:

Q: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

Q: John Lee's savings account has a balance of $1,251.00. After 5 years, what will the amount of…

A:

Q: If $1300 is invested at an interest rate of 6.75% per year, compounded quarterly, find the value of…

A:

Q: Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

A: Lee put $10,000 into a stock market index mutual fund that grew at an average of 7% per year for 10…

Q: A department store charges 1.25% per month on the unpaid balance for customers with charge accounts…

A: Given that: A department store charges 1.25% per month on the unpaid balance for customers with…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A:

Q: How much should a mother invest at the time her daughter is born in order to provide her with…

A: A mother invest at the time her daughter is born in order to provide her with$95,000 at age 18. The…

Q: Sumi Kato's savings account has a balance of $1292. After 12 years what will the amount of interest…

A: Compound interest formula

Q: Abby and George are setting up a college fund for their newborn daughter and want to have $150,000…

A: Use compound interest formula

Q: If $19,000.00 is invested in an account for 30 years.. Find the value of the investment at the end…

A:

Q: How long in years will a certain sum of money to triples its amount when deposited at a rate of 3%…

A: The amount is given by A=P1+int  where t is time in years  i is the rate of interest 3P=P1+0.031212t…

Q: How much can be paid in scholarships at the end of each year if $650,000 is deposited in a trust…

A:

Q: If $26,000.00 is invested in an account for 10 years. Find the value of the investment at the end of…

A:

Q: How much money should Bryan invest today into a fund that earns interest at 5.75% compounded…

A:

Q: If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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

A: Given the rate of interest is 3.50% compounded quarterly and the time period is 6 years. David wants…

Q: in

A:

Q: How much should be deposited in an account every 6 months in order to have Php 3.75 million in 5…

A: i)

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: How much money should Lisa invest today into a fund that earns interest at 4.25% compounded…

A: This question can be solved using present value of ordinary annuity

Q: About how many years will P 100,000 earn a compound interest of P50,000 if the interest rate is 9%…

A: Here P=50,000 F V=100,000 r=9%=0.09 n=4

Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

A:

Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

A:

Q: You want to have a $60,000 college fund in 12 years. How much will you have to deposit now in an…

A: The compound interest is A=P1+rnnt. Given that,  the total amount is  A=$60,000, the number of years…

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.