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6.1 % sorry
thank you. It asked for a percent so i just used 6.2%
please
so what is the answer?
it is 0.5
Find the percent of the total area under the standard normal curve between the following z-scores
z = - 1.4 and z = -05
no, i do not understand. I see some places where it is calculated with .05. There are several calculators online and some give different answers.
I put the numbers you gave me into my project. It seems such a small amount to earn over so many years.
see you later. i am to work for 4 hours. tomorrow i have to turn that first part of the project in. I don't think the second one will be so frustrating.
thank you for your help.
If it calculates 5.88 monthly from the 6%, isn't it multiplied by each month or is it already included in
the totals you have?
Your figures are accurate, I just don't know how to show the multiplication to get them. He doesn't want to see the formula again since he knows it.
Thank you
i will be back. Thank you.
that is the formula i am asked to use. Same one for 10, 20 and 30 yr. period.
i will check back when i take a nap. I have to get this right or my grade is gone out the window.
i have to show how i got the answer. How do you show it if done on a calculator? He wants to see how a person arrives at an answer.
oh i see. he got that 70.56 from the entire first year. (12) the rest of it is all wrong maybe
well, i asked a math tutor to look at it this morning and he just glanced at it. He said the first month would be 70.56. it seems too much for one month, then go to 10, 20, 30. Something is wrong.
I can't round the 98.00. My professor would not like rounding that since it is a project with more of it over two weeks.
okay, maybe i got the 1.06 since it compounds monthly? This is confusing
I have a problem then.
If the interest is 6%, where did i get that 1.06 and how come I have such large results?
i am back. The 98.00 is compounded monthly. Nothing is being added each month but interest of 6%.
$98.00 (1.06/12) 120 days
.06/12 =.005 (i don't need to use this)
1 yr. = 12 x 1.06 x 98.00 = 70.56
10 yrs. = 120 x 1.06 x 98.00 = 1246.56
20 yrs. = 240 x 1.06 x 98.00 =2493.12
30 yrs. = 360 x 1.06 x 98.00 = 37396.80
Please see if this is right. I have to turn it in. Thank you.
i will. i am working on 3 more class homework today besides this one
thank you
is this for one year? or 10 years?
thank you
yes so it is $98.00 X 12 (1 yr.)=$1, 176.00 before any compounded interest
yes it looks like it goes in there every month.
it is class. i have the problem to figure out.
the 98.00 is the amount i am supposed to have in my account.
the 6% is the rate that compounds monthly and they want to know how much i will have after 1, 10, 20 and 30 yrs.