Finite Math
1. Find the present value of an ordinary annuity with annual payments of $1,000, for 6 years, at 10% interest compounded annually.
2. In a marketing survey, consumers are asked to give their first three choices, of 9 different drinks. In how many different ways can they indicate their choices?
3. A class consists of 15 students. The instructor wants to pick a group of 4 to work on a special project.
a. How many different groups of 4 can he choose?
b. If the class consists of 10 girls and 5 boys, how many different groups of 4 are made up of 2 boys and 2 girls?
4. How many license plates can a state have if each license plate has 2 letters followed by 4 digits, if the first digit cannot be zero?
The first part of the solution explains in detail on how to calculate the present value of an ordinary annuity. The second part of the solution elaborates on the combination and permutaion problems.
- Plain text response
- Attached file(s):
- B.doc
- Your Information is Secure
- Best Online Academic Help Service
- Students find real academic Success
- Mathematics of Finance - What is the ending balance from an initial deposit of $5,000 at 14% compounded monthly for 4 years? Find the amount of interest earned on a deposit of $1,609.25 at 13% compounded monthly for 90 mon ...
- Compounding Interest, Time Value of Money and Probability (8 Problems) - Please see the attached file for the fully formatted problems.
- Finite Math - 1. What is the ending balance from an initial deposit of $4,250 at 12% compounded quarterly for 6 years? 2. Find the present value of $5,000 in 5 years at 10% compounded annually. 3. Find the ...
- Permutation -Combination - Using 12 flavors of ice cream, how many cones with three different flavors can you create if it is important to you which flavor goes on top, middle, and bottom? permutation or combination
- What does it mean if the investment sales literature states that the future fund value of an ordinary annuity is determined using the simple interest formula method? - What does it mean if the investment sales literature states that the future fund value of an ordinary annuity is determined using the simple interest formula method? Explain what this means and also i ...
