How long will it take money to double if it is invested at 8​% compounded daily question mark  7.1 % compounded​ continuously?

How long will it take money to double if it is invested at 8​% compounded daily question mark 7.1 % compounded​ continuously?

How long will it take money to double if it is invested (a) at 8​% compounded daily? (b) at 7.1 % compounded​ continuously? Given information: Amount is doubled. It means if we invest $x, then it becomes $2x in some years. Formula for part A: We use compound interest formula. A= P(1+r/n)^(nt) Where “A” is […]

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Jim likes to day-trade on the Internet. On a good day, he averages a $1100 gain. On a bad day , he averages a $900 loss. Suppose that he has good days 25% of the time, bad days 35% of the time, the rest of the time he breaks even.   a. What is the expected value of one day of Jim’s day-trading hobby ? b. If Jim day-trades every weekday for three weeks , how much money should he expect to win or lose?
Suppose   Best   Buy   offers   an   extended   warranty   for   $25   on   an   electronic   device   whose   value   is   $200.   Suppose   Best   Buy   estimates   the   probability   the   item   will   be   returned   for   a   claim   on   that   warranty   is   10%.   Assume   that   if   the   item   is   returned,   Best   Buy   will   refund   the   $200   purchase   price.   What   is   Best   Buy’s   expected   value   on   the   warranty?

Suppose Best Buy offers an extended warranty for $25 on an electronic device whose value is $200. Suppose Best Buy estimates the probability the item will be returned for a claim on that warranty is 10%. Assume that if the item is returned, Best Buy will refund the $200 purchase price. What is Best Buy’s expected value on the warranty?

Suppose Best Buy offers an extended warranty for $25 on an electronic device whose value is $200. Suppose Best Buy estimates the probability the item will be returned for a claim on that warranty is 10%. Assume that if the item is returned, Best Buy will refund the $200 purchase price. What is Best Buy’s […]

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