What launch song must a deposit at a 10% annually interest rate compounded annually in order to have $60,000 in the fund at the end of 10 years

Step-by-step explanation:

Deposit=?

Given that

Annual rate is 10% =0.1

r=0.1

Amount A=$60,000

t=10years

The formula for compound interest, including principal sum, is:

A = P (1 + r/n)^(nt)

Where,

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit

n=12months

t = the time the money is invested or borrowed.

So,

A = P (1 + r/n)^(nt)

60,000=P(1+0.1/12)^(12×10)

60,000=P(1+0.008333)^120

60,000=P(1.008333)^120

60,000=P× 2.707

Then, P=60,000/2.707

P=$22,164.418

So, he should have deposit $22,164.418 to yield an amount of $60,000 in ten years time at a rate of 10% compounded annually

$23133 must be deposited.

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

A = $60000

r = 10% = 10/100 = 0.1

n = 1 because it was compounded once in a year.

t = 10 years

Therefore,.

60000 = P(1 + 0.1/1)^1 × 10

60000 = P(1.1)^10

60000 = 2.5937P

P = 60000/2.5937

P = $23133

see below

step-by-step explanation:

7.   there are 10 data points in the set.   the middle point is between 5 and 6.   the middle point in the top half is 8   and the middle point in the bottom half is 3. to find the iqr , take point 8 and subtract point 3

mid term   point 8 = 100   point 3 = 88

iqr = 100-88 = 12

final   point 8 = 93   point 3 = 78

iqr = 93 - 78 = 15

the final has the greatest iqr

6.   b - there is a high data value that causes the data set to be asymmetrical for the males: the data for males are high and asymmetrical .   there is an outlier for the males that skews the data

5.   the   iqr is a better measure of spread for the movies and basketball games.   since the basketball game has an outlier, we do not want to use standard deviation for measurement.  

3.   the exam median is much higher than the class median.   the median line is farther to the right on the exams

2.   there is no way to tell what the means are from the box and whisker plots.