8) You want to deposit $5,000 in an account and have three different options. Complete the table and answer the question. Bank Rate Compounded Total after 10 years 4% Annually 3.5% Semi-Annually C 3% Quarterly Which bank would you pick? B.

Q: Salim deposits OMR 1,200 at a rate of 8% for a period of 5 years. What is the amount he gets after 5…

A: Given that  Salim deposits OMR 1,200 at a rate of 8% for a period of 5 years To find the  What is…

Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

A:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

A:

Q: Don borrows P5000 for 2 years at 4% per annum simple interest. He 1 immediately lends it to another…

A:

Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

Q: Henry deposits $7500 in an account earning 2.75% interest compounded monthly. What is the balance in…

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

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: You owe $2300 on a credit card with 21% APR if you pay $80 a month, how long will it take you to pay…

A: Formula for the loan amortization is  A=Pi(1+i)n(1+i)n-1 where A=periodic payment P=loan amount…

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

A:

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

A:

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

A:

Q: Jose has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35% compunded…

A: Given Jose has $4800 to invest in a saving account . he receives a steady rate of 3.35% compounded…

Q: Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in…

A:

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A:

Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

A:

Q: you pay $6200 for a municipal bond. When it matures after 16 years, you receive $11,800. a. The…

A: (a)The future value FV=$11,800Present value PV=$6,200r= rate of return per annumn= number of…

Q: If you start working with a savings account with a $.25 in it and your boss double it each day for 3…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Don buys a car for $22,500. Don gets a loan for a year with an interest rate of 3% per year. How…

A: Using simple interest formula,

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

A:

Q: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…

Q: Mrs. Rees decides to invest $250 each month into an account that earns 1.8%/a compounded monthly.…

A: Mrs. Rees decides to invest $250 each monthrate=r= 1.8%/atime = 5 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.