Mathematics, 21.04.2020 22:41 chiquita77
After working for 25 years you would like to have $ 700,000 in an annuity for early retirement. If the annual interest rate is 7.5 %, compounded monthly, what will your monthly deposit need to be?
A. $797.94
B. $977.44
C. $1595.88
D. $2426.70
Answers: 1
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Afriend of mine is giving a dinner party. his current wine supply includes 10 bottles of zinfandel, 8 of merlot, and 11 of cabernet (he only drinks red wine), all from different wineries. (a) if he wants to serve 3 bottles of zinfandel and serving order is important, how many ways are there to do this? ways (b) if 6 bottles of wine are to be randomly selected from the 29 for serving, how many ways are there to do this? ways (c) if 6 bottles are randomly selected, how many ways are there to obtain two bottles of each variety? ways (d) if 6 bottles are randomly selected, what is the probability that this results in two bottles of each variety being chosen? (round your answer to three decimal places.) (e) if 6 bottles are randomly selected, what is the probability that all of them are the same variety? (round your answer to three decimal places.)
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After working for 25 years you would like to have $ 700,000 in an annuity for early retirement. If t...
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