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12.) Suppose Becky has her choice of $10,000 at the end of each month for life or a single prize of 1.5 million. She is 35 years old and her life expectancy is 40 more years.a.) Find the present value of the annuity if money is worth 7.2%, compounded monthly.b.) If she takes the $1.5 million, spends $700,000 of it, and invests the remainder at 7.2%, what monthly annuity will she receive?
The Probability of a Random Number. A number n is chosen at random from the set {1, 2, ..., 20}. We are interested in k, the integer power of 2 which exactly divides n. Recall that we say that 2k exactly divides n if 2^k|n but 2^(k+1) |/ n. We wri..
Find how much radioactive material remains after 7 hours. Round your answer to the nearest thousandth.
If local mortgage rates are 8.5%/year compounded monthly for a conventional 30-yr mortgage, what is the price range of houses they should consider?
Thirty days later, after regular training supplemented by vitamin E, they are tested again. The new results are listed below. Use the Wilcoxon signed-rank test to find the critical value to test the claim that the vitamin E supplement
Set up and solve using Management Scientist, Excel Solver, or an online LP solver. What are the values of X and Y at the optimal solution?
Based on a random sample of 16 customer transactions, the mean waiting time is 6.3 minutes and the standard deviation is 2 minutes per customer. What is the value of the test statistic we would use to test Ho?
At a certain time of day, a building 300 m tall casts a shadow of 225 m, whereas a second building casts a shadow of 150 m. How tall is the second building?
Assuming both retire at 70, and that the interest rate both get on their investments is 10% (compounded annually) who has the most money in their account at age 70? Explain why you pick the answer you pick.
find the length and width of a rectangle with the area of 72yd^2
Data and Probability, 1. How many variations in first-, second-, and third-place finishes are possible in a 100-yd dash with 6 runners? In a Chinese restaurant, the menu lists 8 items in Column A and 6 items in column B. To order a dinner, the dine..
Evaluate the type of conic from the given equation - Indicate which type of conic each of the following represents.
A box with a square base of side z is three times higher than it is wide. Express the volume V of the box as a function of z.
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