6. At the birth of their baby, a couple decides to make an initial investment of P that will grow to $80,000 by her 18th birthday. Their bank compounds interest annually at 6%. What should their initial investment be?

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

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A: NOTE: Refresh your page if you can't see any equations. . here we have FV=1.5million=1500000 n=1 for…

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Q: placed in a savings account at 3% per annum compounded annually. How much is in the account in…

A: Topic = Algebra

Q: You want to purchase a bond that has a face value of $40,000

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Q: Find the simple interest paid on a $880 investment at 6.4% annual interest for 30 days. Use the…

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Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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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.