by Dan | Aug 20, 2022 | mathematics
If the probability that your DVD player breaks down before the extended warranty expires is 0.028, what is the probability that the player will not break down before the warranty expires? The probability that the player will not break down before the warranty expires...
by Dan | Aug 20, 2022 | mathematics
The Metro City Transit System (MCTS) is made up of the red line and the blue line. The red line has five cars and averages 355 passengers per run. The blue line has six cars and averages 496 passengers per run. Solve parts a. through c. to determine which line...
by Dan | Aug 20, 2022 | mathematics
Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time period t are givenamount $1,000; quarterly; 5%; six...
by Dan | Aug 20, 2022 | mathematics
Angela’s bank gave her a 3-year add-on interest loan for $5,220 to pay for new equipment for her antiques restoration business. The annual interest rate is 7.29%. How much interest will she pay? What are her monthly payments?She will pay how much in...
by Dan | Aug 20, 2022 | mathematics
You are given an annual interest rate and the compounding period for two investments. Decide which is the better investment.9.6% compounded quarterly; 11% compounded Often, through government-supported programs, students may obtain “bargain”...
by Dan | Aug 20, 2022 | mathematics
According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 97% to $617thousand. What was the average price of a new home in 2000?
