Explore BrainMass

Explore BrainMass

    Some Applications of Permutations, Combinations, and Annuity

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. Find the effective rate of 8.5% compounded semianually.

    2. Tony invested some money at 10% compounded quarterly at the end of three years his investment had grown to $2488.05. Find the initial investment.

    3. Find the amount of an annuity with $2500 deposited quarterly at 8% for four years.

    4. A sinking fund is established to obtain $75,000 in five years. The interest rate is 10% and payments are made quarterly. Find the periodic payments.

    5. Find the present value of an annunity with annual payments of $1400 per year for seven years. The interest rate is 9% compounded annually.

    6. A survey of 150 students showed that 90 were taking psychology, 75 were taking economics and 22 were taking neither. The number taking both was ______.

    7. P(6,5) = ________

    8. C(22,4) = _________

    9. How many ways can a chair, a recording secretary and three other committee members be selected from a group of 8 people?

    10. Hw many ways can first and second awards and three honorable mentioned awards be given to nine contestants?

    11. U = {a, b, c, d, e, f, g, h}, A = {b, c, d}, A' = ___________________

    © BrainMass Inc. brainmass.com December 15, 2022, 5:57 pm ad1c9bdddf

    Solution Summary

    Several problems are discussed in this solutions which use the formulas and concepts of annuity, interest rate, compound interest, permutations and combinations.