Hi there
If the amount deposited at (end) of each year, use the formula of the (future/present) value of annuity ordinary
If the amount deposited at the (beginning) of each year use the formula of the (future/present) value of annuity due
So
FvAo=5,000×(((1+0.0245)^(5)−1)
÷(0.0245))
=26,255.38...answer
Hope it helps
Answer:
3 books per month
Step-by-step explanation:
9 books ÷ 3 months = 3 books per month :)
Answer:
A) The probability that the event will occur
B)The probability that the event will not occur = 
Step-by-step explanation:
We are given that The odds of event occurring are 1:6.
So, Number of successful events = 1
Number of unsuccessful events = 6
So, Total events = 6+1=7
a)the probability that the event will occur=
The probability that the event will occur
b)The probability that the event will not occur =
The probability that the event will not occur = 