| 4. The Booster Club raised $30,000 for a sports fund. No more money will be placed into the fund. The appreciation value of the fund is 5.25% per year. Determine the amount of money, to the nearest cent, that will be left in the sports fund after 4 years.

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: You think you need $1.5 million and your retirement advisor thinks you will average 6% a year on…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=1.5million=1500000 n=1 for…

Q: Salim borrowed some money which amounts to OMR 4530 after 3 years at 7% simple interest.How much did…

A:

Q: Amir purchased five OMR2500 bonds at a closing rate of 94.98% Find the cost of bond. a. OMR 14671.7…

A: 5 bonds of 2500 will make a sum of 12500, whose 94.68% will turn out to be OMR 11872.5

Q: determine 5.549% of $65,693 =

A: 5.549 % of 65693 = ?

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Q: You take a loan from your local bank. Determine the interest that is accrued on $7000 for five years…

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Q: You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for…

A: Given that The monthly payment PMT=$1000Interest rate  r=5.2%=5.2100=0.052Compounded monthly…

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Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months. O A. P637.50 O B. P781.25 O C.…

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Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

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

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Q: Calculate the simple interest rate when P=$3,600, I=$160 and t=4 months. Round to the nearest…

A: The simple interest, I is calculated using the formula: I=Prt, where P is the principal amount, r is…

Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: My car depreciates 8.4% per year. Its original value was $20,000. Find its value 8 years later.…

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Q: Jamil wants to renovate his Studio in 6 years. He estimates the cost to be $15474. How much should…

A: Given, Future value FV=15474$ Rate of interest r=8%=0.08 Number of times per year m=1 time t=6 years…

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

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Q: If a jacket is on sale for 30% off the regular price of 65.49 how much is the discount

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Q: Alyssa puts $4000 into a saving plan for 10 years at 7.8% annual simple interest. Four years into…

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Q: The interest rate on a car loan has increased 50% over the last 10 years and is now 9%. VWhat was…

A: According to the given information it is required to find the rate 10 years ago, when the interest…

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.