The bank is offering a special rate of 4.5% to anyone willing to invest $10,000 for 5 years, compounded monthly, what is the future value at the end of tthe 5

Q: In 2012 the maximum social security deposit by an individual was $8,386.75. Suppose you are 30 and…

A: Given that The yearly deposit amount PMT=$8386.75Interest rate r =3%=3100=0.03Componded annually ,…

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Suppose instead Hanan didn't invest anything for the first 7 years while at new york, then deposited…

A:

Q: Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free…

A: Sol:- To solve this problem, we can use the formula for the future value of an annuity due: FV = PMT…

Q: Suppose your friend,halima, who lives new york  received an unexpected inheritance of $1,000,000 and…

A:

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: Please calculate the amount and interest from $15,000 at 8% for 2 years compounded quarterly using…

A:

Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

A:

Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

A:

Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

A:

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.