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Tom Bond borrowed ?$6400 at 6 1/2 % for three years compounded annually. What is the compound amount of the loan and how much interest will he pay on the? loan?
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Researchers at the University of Pennsylvania School of Medicine have determined that children under 2 years old who sleep with the lights on have a 35% chance of becoming myopic before they are 16. Children who sleep in ...
Illustrate the difference between straight and cumulative voting systems using as an example a shareholder who owns 5,000 shares and an election in which six directors will be selected. Why might shareholders care about ...
Folgers has specified that the average amount of coffee that goes into one of their small coffee cans is not to exceed 13.24 ounces. A quality control inspector for Folgers takes a random sample of 16 cans and found the ...
During the winter of? 2008-2009, the average utility bill for residents of a certain state was ?$173 per month. A random sample of 30 customers was selected during the winter of? 2009-2010, and the average bill was found ...
If the probability of either outcome A or outcome B arising during a single random process is 0.4 and we also know that the probability of outcome A is 0.2 while the probability of outcome B is 0.3, how are these two out ...
If a coin is tossed 5times, and then a standard six-sided die is rolled 2 times, and finally a group of two cards are drawn from a standard deck of 52 cards without replacement, how many different outcomes are possible?
An egg farmer wanted to determine if increasing the amount of time the lights were on in his hand house would increase egg production. For example of 8 chickens he determined the production before and after increasing th ...
On August 19, 2004, the Internet search firm Google went public, at an offer price of $85 per share. The IPO was unconventional in that Google used an auction to determine its offer price and sell shares to investors. In ...
The shareholders of a company need to elect six directors and there are 150,000 shares outstanding. 1). What is the minimum number of shares they need to own to make sure that they can elect at least one director if the ...
A 36-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 14%. What is the EQUIVALENT annual yield to maturity of the bond if the bond sells for $1,080? A 31-year maturity, 9.5% ...
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