To pay for the new machinery in 10 years, a company owner invests $15,000 at 7.5% compunded quarterly. How much money will be available in 10 years? Round to the nearest cent.  In 10 years there will be $          available

Q: Suppose you deposit $1050 into an account earning 3.4% simple interest for 21 months. How much is in…

A: Formula used: The future value of investment of principle amount P after t years by simple interest…

Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…

A: Use formula to calculate

Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: Parents wish to have $80,000 available for a child's education. If the child is now 5 years old, how…

A: The formula for the compound interest is given by, A=P1+rnnt where, A is the final amount, P is the…

Q: John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to…

A:

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: Nathan is required to pay George $9,500 today but he wishes to postpone the payment for 60 days.…

A: Given query is to find the amount to be paid.

Q: If $4000 is deposited at the end of each half year in an account that earns 6.6% semiannually, how…

A:

Q: Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

A: so given a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he…

Q: Find the amount of simple interest earned for depositing the given principle in an account. $4800…

A:

Q: Parents wish to have $160,000 available for a child's education. If the child is now 10 years old,…

A: The formula for the future value is given by FV=PV1+rnnt  where PV is the present value, r is the…

Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

Q: A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 6%, what…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A:

Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: Consider the formula for future value: F=P1-rnnt Where, F = Future value P= Present value n= Number…

Q: In order to pay for college, the parents of a child invest $30,000 in a bond that pays 9% interest…

A: Given : P = 30,000 r = 9% = 9/100 = 0.09  t = 19 Semi-annually means  n = 2

Q: A distributor has a rate of markup of 30% of its textbooks. If it sells each textbook for $120.00,…

A: Formula: Cost+Markup =Selling price Given: Selling price=$120, Rate of markup=30%. To find: Amount…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 8.4%. If you deposit…

A:

Q: paying 15.5%

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Q: If you want to have a million dollars 31 years from today, how much should you invest in your…

A: The formula for compound interest :   A = P(1+r/n )nt   Where A = Total amount , P = initial…

Q: (a) How much will be in your account after 5 years? (b) How much interest will be earned after 5…

A: Principle, P = $2000 Interest rate, r = 3% = 0.03 Use the continuous compound interest formula,…

Q: An insurance company pays claims for bills from a physical therapist as follows: They take the…

A: Given  Actual bill is reduced by 10% Percentage paid of the remaining amount =35%

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A:

Q: If there is 54% increase on a $54 item, then how much is the new cost for next year? Round to the…

A: Solution is given below:

Q: Your starting salary at a new companv is $34,000 and it increases bv 2.5% each vear. What will vour…

A:

Q: (a) If $1,000 is irvested at 8% compounded (A) annually; (B) semiannually; (C) quarterly; (D)…

A:

Q: The winner of a "million dollar" lottery is to receive $50,000 plus $50,000 at the end of each year…

A:

Q: You have an opportunity to purchase a bond that will pay out $734 in 14 months.  If you would like…

A:

Q: Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from…

A: From the given information we find the solution.

Q: A building contractor gives a $13,500 promissory note to a plumber who has loaned him $13,500. The…

A: Given: Principal amount=$13500, interest rate=5%=0.05, due time=9 months. 6 months after signing the…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A:

Q: What principal would you need to invest at a rate of 7% to earn $150 in 9 months? Round your answer…

A: To find: principal amount

Q: Suppose a new car is purchased for $68,000 and depreciates by 22% over the first year of ownership.…

A: Given query is to find the amount deprecated per mile.

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A:

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: John and Rosamond want to retire in 15 years and can save $160 every three months. They plan to…

A:

Q: The winner of a "million dollar" lottery is to receive $30,000 plus $30,000 at the end of each year…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 8% interest…

A:

Q: Suppose a new car is purchased for $43,357 and depreciates by 22% over the first year of ownership.…

A: given purchased new car =$43,357 depreciate =22% over first year car driver = 12870 miles in that…

Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

A: Given that  Inflation has been running per year=4.07% Cost of a new car=$23700 To find  The cost of…

Q: If a bank pays 18% compounded monthly, how much should be deposited now to have $2000 : a) 6 years…

A:

Q: A man gets a job with a salary of $33,000 a year. He is promised a $2,200 raise each subsequent…

A:

Q: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26,…

A: Given that: Net asset value of share = $15.26Cost of share = $15.79

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

Q: If you make an investment of $4,500 and the investment earns an annual interest rate of 2.7%, how…

A:

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: The winner of a "million dollar" lottery is to receive $70,000 plus $70,000 at the end of each year…

A: Use formula of compound interest to calculate future value

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.