How many years must you invest to reach you goal
You are investing in a scheme which will pay you 18% annual interest. You will invest end of period annual amounts of $12,000 until the amount in the account is $240,000. How many years must you invest to reach you goal?
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The following is an appropriate statement of the null and alternate hypotheses for a test of a population mean:
A person wishes to borrow $30,000 from a bank and repay the loan in a single lump sum payment 6 years from the date of the initiation of the loan.
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You can buy commercial paper of a major U.S. corporation for $975,000. The commercial paper has a face value of $1,000,000 and is 107 days from maturity. What is the discount yield on the commercial paper?
You want to be 90% confident that your estimate of the proportion of defective products is within.05 of the actual proportion of defective products. How many products should be in your sample?
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