Suppose Aunt Millie gave you $100 when you were born and then increased each successive birthday present by $10. (On your 1st birthday you would receive $110.). How much money will you receive on your 21st birthday

Q: Lorenzo borrows $25000 to start a landscaping business. Lorenzo’s plan is to pay the loan back in 5…

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Q: Suppose you save $5 each week. If you continue saving for 5 years, how much will you have saved

A: Since we know that  normally there are 52 weeks in a year. so in 5 years = 52*5…

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: Round to the nearest tenth of a year. years

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Q: Marvin lives in Campbell, where the cost of living increases by 6% every year. If Marvin spends…

A: The cost of living increase by 6% every year.  First years spending = $23210 Hence, 17 years from…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: You borrowed $120,000 for a house and will have to pay $1,090 a month for 15 years. True or False:…

A: We can say it true or false with reason as below.

Q: If our monthly income is $1,400 and your house payment is $1,140, what fraction of your monthly…

A: Monthly income = $1,400  House payment = $1,140 Fraction of monthly income into house payment =…

Q: Based on the value of the​ guitar, the pawnbroker loans you $960 One month​ later, you get the…

A: Effective Annual Interest Rate CalculationFormula:Effective Annual Interest Rate (EAR) = (1 + (i /…

Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: Pretend that you buy a $200 dollar stock. A. If the price goes up 10% on Monday, up 5% on Tuesday,…

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Q: Suppose your balance (debt) on your credit card is $2000. You spend $150 in a month using your…

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Q: Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

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Q: 5000

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Q: You make a payment of $300 at the beginning of each month into an account that earns 3.6% annual…

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Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

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Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

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Q: Hosea is given $100. Each day, he gains 1% on the total dollar amount he has, then he loses 1% of…

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

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Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

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Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: Therefore, it will take almost 4.6 years for the amount to be worth $11,115.Explanation:Step 1: Step…

Q: A house purchased for $171037 is worth $66403 after 15 years. Assuming that the house's value…

A: Topic - depreciation of house

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: If you put $500 in a bank for 5 years and earn $75 in interest, the interest rate is 4%. O True O…

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Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

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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.