Find the accumulated value at the end
Monthly deposits are made into a fund at the beginning of each month for 5 years. The first 12 deposits are $500 each,and deposits increase by 5% every year. Find the accumulated value at the end of 5 years if i^(12) = 0.06.
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A perpetuity-due has annual payments of $10000, $11000, $12000, ... If the present value of the seventh and eighth payments are equal, find the present value of the perpetuity.
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A factory produces computer chips, and the proportion of defective chips is 0.01, i.e., p=0.01. Suppose you take a sample with 25 chips, and 1 out of them is defective. And let X be the number of defective chips among this 25 chips.
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You have book A (6 kg) which sits on top of book B (15 kg) which sits on top of a table (30 kg). a. Draw a free body diagram of each book and the table. Clearly label each force that you drew on each object.
An investor sold seven contracts of June/2012 corn. The price per bushel was $1.64, and each contract was for 5000 bushels. The initial margin deposit is $2000 per contract with the maintenance margin at $1250.
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The average life expectancy of tires produced by the Whitney Tire Company has been 40,000 miles. Management beliveves that due to a new production process, the life expectancy of its tires has increased.
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