Answer:
-7
Step-by-step explanation:
Answer:
The answer is "$ 11,961.43"
Step-by-step explanation:
Given values:
P = $ 9500
r= 2.1 %
time (t)= 11 year
total quarterly year =4
Formula:

quarterly time = 



Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
Answer:
Step-by-step explanation:
Given that transitor has a 2% defective rate, need to calculate the probability that the 10th transistor produced is the first with a defect.
The probability function is p(x=k) = (1-p)^(n-1) * p
p = (1-defective rate)^(n-1) * defective rate; n=10
p = (1-0.02)^9 * 0.02 = 0.98^9 * 0.02 = 0.01666
Answer:
rises to the left and rises to the right
Step-by-step explanation: