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LiRa [457]
2 years ago
13

suppose you could make a single "lump sum" deposit of $3679, in an investment that provides an annual percentage rate(apr) of 4%

compounded daily. determine the future value(fv) of the investment after 11 years.
Mathematics
1 answer:
yaroslaw [1]2 years ago
3 0

Answer:

\$5,698.30  

Step-by-step explanation:

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  (future value)

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=11\ years\\ P=\$3,679\\ r=4\%=4/100=0.04\\n=365  

substitute in the formula above

A=3,670(1+\frac{0.04}{365})^{365*11}  

A=\$5,698.30  

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Answer:

  • <em><u>"Ambassador of Jazz"</u></em>

Explanation:

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As you can find in the internet, the nickname of "Ambassador of Jazz" was given to him in 1956, during a State Department tour of the Middle East that he succesfully organized.

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2 years ago
7. Classical linear model assumptions for time series Consider the following stochastic process {(x1, x2, x3, . . . , xk, yt): t
iogann1982 [59]

Answer:

Options are missing.

The options for the above question are:

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TS.2:No perfect collinearity

TS.3: Zero conditional mean.

TS.4: Homoskedasticity.

TS.5: No serial correlation

TS.6: Normality.

Hence the correct answer is TS1 to TS 5

Step-by-step explanation:

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Tems11 [23]
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