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Find the value of an investment of $20,000 for 13 years at an annual.pdf

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amritjewellay

Find the standardized test statistic, t, for a sample with n = 15, = 7.4, s = 0.8, and ? = 0.05 if H0: ? ? 7.1. Round your answer to three decimal places. Solution (Xbar-Mu)/(s/sqrtn)=t (7.1-7.4)/(0.8/sqrt 15) = t t = -1.45237.

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Find the value of an investment of $20,000 for 13 years at an annual interest rate of 3.15% compounded continuously. The value of the investment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Solution $20,000 for 13 years at an annual interest rate of 3.15% compounded continuously. FV= 20000*e^13*0.0315 = 30121.29

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  • 1. Find the value of an investment of $20,000 for 13 years at an annual interest rate of 3.15% compounded continuously. The value of the investment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Solution $20,000 for 13 years at an annual interest rate of 3.15% compounded continuously. FV= 20000*e^13*0.0315 = 30121.29