lamil wants to renovate his Studio in 6 years. H estimates the cost to be $16511. How much should he deposit each year in a sinking fund that earns 8%.

Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

A:

Q: Mustafa contributes 15% of his $67,200 annual salary to his 401(k) plan. What is his pretax income?

A: Given that Mustafa’s annual salary is $67,200 he is contributing 15% of his annual salary to his…

Q: The TACO Truck costs $60,000. If you used a straight-line depreciation and plan to keep the vehicle…

A: Here cost of the asset =  $60,000 Here, we plan to keep the vehicle for 10 years  The salvage value…

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

A:

Q: Jessica has half of her investments in stock paying an 11% dividend and the other half in a stock…

A: Let A be the investment with 11% intrest B be the investment with 13% intrest. Total intrest amount…

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Michael wants to buy some exercise equipment for his home for $336000 financed at an annual rate of…

A: Amount Micheal has to pay per month is calculated as shown below

Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

A:

Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Fred invested $25,000 at 4% simple interest. What will be the total value of the account after five…

A: In this question we have to find the Accumulated value after 5 years investmnet of 25000 now  .…

Q: Taylor plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at…

A:

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

A:

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Sammy wants to buy a new stereo price at $443 he enters into agreement to pay $22 a month for 24…

A: Cost of New Stereo = $443 He will pay $22 a month for 24 months to buy the sterio. Calculating the…

Q: Francine currently has $65,000 in her 401k account at work, and plans to contribute $6,000 each year…

A: Given,  Francine currently has $ 65000 in her account  and plans to contribute $ 6000 each year for…

Q: Raya is savıng OMR 21000 for the car in three years. How much will he have to invest today in an…

A: ANSWER IS AS BELOW:

Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

Q: Jamil wants to renovate his Studio in 7 years. He estimates the cost to be $15201. How much should…

A: Interest rate for a loan is usually quote as an annual rate and it is the percentage of the…

Q: Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car.  How much…

A: Given: Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car.  How…

Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

A:

Q: Sammy wants to buy a new stereo priced at $413. He enters into an agreement to pay $20 a month for…

A:

Q: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

A: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

Q: Jamil wants to renovate his Studio in 7 years. He estimates the cost to be $15201. How much should…

A: Formula for future value is as below : FV = future value = 15201 P = annual payment r= interest…

Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

A:

Q: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a month for…

A: GIVEN: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a…

Q: Zayn buys a new phone for $600 and pays for it over two years with 6.% simple annual interest. What…

A:

Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

A:

Q: Jamil wants to renovate his Studio in 6 years. He estimates the cost to be $15474. How much should…

A: Given, Future value FV=15474$ Rate of interest r=8%=0.08 Number of times per year m=1 time t=6 years…

Q: Brod Pete sold his 300m² lot worth 225,000 pesos /m² . Mr. And Ms Long was interested to buy the lot…

A: Expected selling price of the lot = 225,000 pesosm2                            atotal area of the…

Q: Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he…

A:

Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage = $150,000 Monthly payment of Susie = $531.8Total time of…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A:

Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

A:

Q: In planning her​ retirement, Liza deposits some money at 2.5​%​interest, with twice as much…

A:

Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

A:

Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…

A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…

Q: How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest…

A: If p= principal amount R= rate of interest t= time And I is the interest after time t at a r% rate…

Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

A:

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

Q: Quan had $20,000 to invest. He put part of it in a term deposit paying 4.5% per annum and the…

A: In the question it is asked to calculate different principles that Quan invested at rate 4.5% per…

Q: Celine deposited $505 into her savings account. If the interest rate of theaccount is 5% per year,…

A: Initial amount= P= 505  Interest rate= r= 5%= 0.05  Time = t= 4 years Interest= I = ?

Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: A new furniture set costs $2500. If you make a down payment of $500 and finance the rest at a rate…

A:

Q: Larry Mitchell invested part of his $34,000 advance at 5\% annual simple interest and the rest at…

A: Larry Mitchell invested part of his $34,000 advance at 5\% annual simple interest and the rest at…

Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

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.