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1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 8.9% annually? Round your answer to the nearest cent.
475,858.20
2. Your parents will retire in 15 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
3. If you deposit money today in an account that pays 7.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole.
Find the ratio in which the line segment joining A(6,5) and B(4,-3) is divided by the line y=2 (Ans:3:5) Ans : Let the ratio be k:1 x = 4 k + 6/ k +1 y
round to the nearest hundreths 1677.76
The Rank Correlation Coefficient (R) Also identified as the spearman rank correlation coefficient, its reasons is to establish whether there is any form of association among tw
Descriptive Statistics Statistics Definition of Statistics: it viewed as a subject is a process of tabulating, collecting and analyzing numerical data upon which importan
f(x)=sin x+cos x in the interval {0,90}
core competency vs diversification
I have a journal article in applied mathematics and want to analyze the solutions step by step. Is there anyone specialize in this file?
Instructions: 1. Write the null and alternative hypotheses. 2. Calculate the test statistic. 3. Determine the critical value whether or not there has been an improv
how to compute the frequncy polygon of the scores?
A student is allowed to select at most n-blocks from a collection of (2n + 1) books. If the total number of ways in which he can select a book is 63, find the value of n. Solution
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